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pay us the ransom of blood, and our hearts with the gold fulfill.'
"But Odin spake in answer, and his voice was awful and cold:
'Give righteous doom, O Reidmar! say what ye will of the Gold!'
"Then Reidmar laughed in his heart, and his wrath and his wisdom fled,
And nought but his greed abided; and he spake from his throne and said:
"'Now hearken the doom I shall speak! Ye stranger-folk shall be free
When ye give me the Flame of the Waters, the gathered Gold of the Sea,
That Andvari hideth rejoicing in the wan realm pale as the grave;
And the Master of Sleight shall fetch it, and the hand that never gave,
And the heart that begrudgeth for ever shall gather and give and rue.
—Lo this is the doom of the wise, and no doom shall be spoken anew.'
"Then Odin spake: 'It is well; the Curser shall seek for the curse;
And the Greedy shall cherish the evil—and the seed of the Great they shall nurse.'
"No word spake Reidmar the great, for the eyes of his heart were turned
To the edge of the outer desert, so sore for the gold he yearned.
But Loki I loosed from the toils, and he goeth his way abroad;
And the heart of Odin he knoweth, and where he shall seek the Hoard.
"There is a desert of dread in the uttermost part of the world,
Where over a wall of mountains is a mighty water hurled,
Whose hidden head none knoweth, nor where it meeteth the sea;
And that force is the Force of Andvari, and an Elf of the Dark is he.
In the cloud and the desert he dwelleth amid that land alone;
And his work is the storing of treasure within his house of stone.
Time was when he knew of wisdom, and had many a tale to tell
Of the days before the Dwarf-age, and of what in that world befell:
And he knew of the stars and the sun, and the worlds that come and go
On the nether rim of heaven, and whence the wind doth blow,
And how the sea hangs balanced betwixt the curving lands,
And how all drew together for the first Gods' fashioning hands.
But now is all gone from him, save the craft of gathering gold,
And he heedeth nought of the summer, nor knoweth the winter cold,
Nor looks to the sun nor the snowfall, nor ever dreams of the sea,
Nor hath heard of the making of men-folk, nor of where the high Gods be;
But ever he gripeth and gathereth, and he toileth hour by hour,
Nor knoweth the noon from the midnight as he looks on his stony bower,
And saith: 'It is short, it is narrow for all I shall gather and get;
For the world is but newly fashioned, and long shall its years be yet.'
"There Loki fareth, and seeth in a land of nothing good,
Far off o'er the empty desert, the reek of the falling flood
Go up to the floor of heaven, and thither turn his feet
As he weaveth the unseen meshes and the snare of strong deceit;
So he cometh his ways to the water, where the glittering foam-bow glows,
And the huge flood leaps the rock-wall and a green arch over it throws.
There under the roof of water he treads the quivering floor,
And the hush of the desert is felt amid the water's roar,
And the bleak sun lighteth the wave-vault, and tells of the fruitless plain,
And the showers that nourish nothing, and the summer come in vain.
"There did the great Guile-master his toils and his tangles set,
And as wide as was the water, so wide was woven the net;
And as dim as the Elf's remembrance did the meshes of it show;
And he had no thought of sorrow, nor spared to come and go
On his errands of griping and getting till he felt himself tangled and caught:
Then back to his blinded soul was his ancient wisdom brought,
And he saw his fall and his ruin, as a man by the lightning's flame
Sees the garth all flooded by foemen; and again he remembered his name;
And e'en as a book well written the tale of the Gods he knew,
And the tale of the making of men, and much of the deeds they should do.

"Then Andvari groaned and answered: 'I know what thou wouldst have,
The wealth mine own hands gathered, the gold that no man gave.'
"'Come forth,' said Loki, 'and give it, and dwell in peace henceforth—
Or die in the toils if thou listeth, if thy life be nothing worth.'
"Full sore the Elf lamented, but he came before the God,
And the twain went into the rock-house and on fine gold they trod,
And the walls shone bright, and brighter than the sun of the upper air.
How great was that treasure of treasures: and the Helm of Dread was there;
The world but in dreams had seen it; and there was the hauberk of gold;
None other is in the heavens, nor has earth of its fellow told.
"Then Loki bade the Elf-king bring all to the upper day,
And he dight himself with his Godhead to bear the treasure away:
So there in the dim grey desert before the God of Guile,
Great heaps of the hid-world's treasure the weary Elf must pile,
And Loki looked on laughing: but, when it all was done,
And the Elf was hurrying homeward, his finger gleamed in the sun:
Then Loki cried: 'Thou art guileful: thou hast not learned the tale
Of the wisdom that Gods hath gotten and their might of all avail.

"'Come hither again to thy master, and give the ring to me;
For meseems it is Loki's portion, and the Bale of Men shall it be.'
"Then the Elf drew off the gold-ring and stood with empty hand
E'en where the flood fell over 'twixt the water and the land,
And he gazed on the great Guile-master, and huge and grim he grew;
And his anguish swelled within him, and the word of the Norns he knew;
How that gold was the seed of gold to the wise and the shapers of things,
The hoarders of hidden treasure, and the unseen glory of rings;
But the seed of woe to the world and the foolish wasters of men,
And grief to the generations that die and spring again:
Then he cried:
'There farest thou Loki, and might I load thee worse
Than with what thine ill heart beareth, then shouldst thou bear my curse:
But for men a curse thou bearest: entangled in my gold,
Amid my woe abideth another woe untold.
Two brethren and a father, eight kings my grief shall slay;
And the hearts of queens shall be broken, and their eyes shall loathe the day.'

"But Loki laughed in silence, and swift in Godhead went,
To the golden hall of Reidmar and the house of our content.
But when that world of treasure was laid within our hall
'Twas as if the sun were minded to live 'twixt wall and wall,
And all we stood by and panted. Then Odin spake and said:
"'O Kings, O folk of the Dwarf-kind, lo, the ransom duly paid!
Will ye have this sun of the ocean, and reap the fruitful field,
And garner up the harvest that earth therefrom shall yield.'
"So he spake; but a little season nought answered Reidmar the wise,
But turned his face from the Treasure, and peered with eager eyes
Endlong the hall and athwart it, as a man may chase about
A ray of the sun of the morning that a naked sword throws out;
And lo from Loki's right-hand came the flash of the fruitful ring,
And at last spake Reidmar scowling:
'Ye wait for my yea-saying
That your feet may go free on the earth, and the fear of my toils may be done;
That then ye may say in your laughter: The fools of the time agone!
The purblind eyes of the Dwarf-kind! they have gotten the garnered sheaf
And have let their Masters depart with the Seed of Gold and of Grief:
O Loki, friend of Allfather, cast down Andvari's ring,
Or the world shall yet turn backward and the high heavens lack a king.'
"Then Loki drew off the Elf-ring and cast it down on the heap,
And forth as the gold met gold did the light of its glory leap:
But he spake: 'It rejoiceth my heart that no whit of all ye shall lack.
Lest the curse of the Elf-king cleave not, and ye 'scape the utter wrack.'

Then Regin loosed the shackles of the gods and they departed into the night, but Odin stayed in the doorway and thus he spake: "Why do ye thus desire treasure and take sorrow to yourselves? Know ye not that I was before your fathers' fathers, and that I can foresee your fate, and the end of the gold ye covet? I am the Wise One who ordereth all."

Then they went, but Regin afterwards often recalled Odin's words and the evening filled with the gleam of the gold, but little cared he then, so well he loved the gold. And he prayed his father to keep the treasure, but give a little unto him and Fafnir for the help they had given him that day.

His father in no wise heeded his words, but sat ever on his ivory throne, staring moodily at the gold. But Fafnir grew fierce and grim as he watched him.

"The night waned into the morning, and still above the Hoard
Sat Reidmar clad in purple; but Fafnir took his sword,
And I took my smithying-hammer, and apart in the world we went;
But I came aback in the even, and my heart was heavy and spent;
And I longed, but fear was upon me and I durst not go to the Gold;
So I lay in the house of my toil mid the things I had fashioned of old;
And methought as I lay in my bed 'twixt waking and slumber of night
That I heard the tinkling metal and beheld the hall alight,
But I slept and dreamed of the Gods, and the things that never have slept,
Till I woke to a cry and a clashing and forth from the bed I leapt,
And there by the heaped-up Elf-gold my brother Fafnir stood,
And there at his feet lay Reidmar and reddened the Treasure with blood;
And e'en as I looked on his eyen they glazed and whitened with death,
And forth on the torch-litten hall he shed his latest breath.
"But I looked on Fafnir and trembled for he wore the Helm of Dread,
And his sword was bare in his hand, and the sword and the hand were red
With the blood of our father Reidmar, and his body was wrapped in gold,
With the ruddy-gleaming mailcoat of whose fellow hath nought been told,
And it seemed as I looked upon him that he grew beneath mine eyes:
And then in the mid-hall's silence did his dreadful voice arise:
"'I have slain my father Reidmar, that I alone might keep
The Gold of the darksome places, the Candle of the Deep.
I am such as the Gods have made me, lest the Dwarf-kind people the earth,
Or mingle their ancient wisdom with its short-lived latest birth.
I shall dwell alone henceforward, and the Gold and its waxing curse,
I shall brood on them both together, let my life grow better or worse.
And I am a King
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