The Steamship Mathew Cay was a nearly 80 metre long freighter built in 1872 by the shipyards Softley & Co. (South Shields – United Kingdom). It was heading from the Scottish port of Troon to Genoa with a cargo of coal and iron, but fog prevented the crew seeing the shallow of La Carraca, 3 miles from Cape Finisterre. The sailors of Finisterre, who sighted the flares launched by the castaways, went out in their boats to the rescue. 9 out of the 19 crew of Mathew Cay lost their lives in the accident. Months later, in October of the same year, the fishermen of Finisterre Angel Pazos and Agustín González were rewarded by the British Board of Trade with a medal and a monetary reward.
The wreck of the steamship Mathey Cay was recently located by Buceo Finisterre following the directions of local fishermen. The structure and the hull has collapsed, it retains its steam engine, boiler, winches and anchor gear, and the respect and main propellers and three admiralty type anchors, among other remnants. The wreck had remained unchanged until its recent discovery.