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sank;
But one of all swam over, and they saw his mane of grey
Toss over the flowery meadows, a bright thing far away:
Wide then he wheeled about them, then took the stream again
And with the waves' white horses mingled his cloudy mane.
Then spake the elder of days: "Hearken now, Sigurd, and hear;
Time was when I gave thy father a gift thou shalt yet deem dear,
And this horse is a gift of my giving:—heed nought where thou mayst ride:
For I have seen thy fathers in a shining house abide,
And on earth they thought of its threshold, and the gifts I had to give;
Nor prayed for a little longer, and a little longer to live."
Then forth he strode to the mountains, and fain was Sigurd now.
To ask him many a matter: but dim did his bright shape grow,
As a man from the litten doorway fades into the dusk of night;
And the sun in the high-noon shone, and the world was exceeding bright.
So Sigurd turned to the river and stood by the wave-wet strand,
And the grey horse swims to his feet and lightly leaps aland,
And the youngling looks upon him, and deems none beside him good.
And indeed, as tells the story, he was come of Sleipnir's blood,
The tireless horse of Odin: cloud-grey he was of hue,
And it seemed as Sigurd backed him that Sigmund's son he knew,
So glad he went beneath him. Then the youngling's song arose
As he brushed through the noontide blossoms of Gripir's mighty close,
Then he singeth the song of Greyfell, the horse that Odin gave,
Who swam through the sweeping river, and back through the toppling wave.

Regin telleth Sigurd of his kindred, and of the Gold that was accursed from ancient days.

Now yet the days pass over, and more than words may tell
Grows Sigurd strong and lovely, and all children love him well.
But oft he looks on the mountains and many a time is fain
To know of what lies beyond them, and learn of the wide world's gain.

Now again it happed on a day that he sat in Regin's hall
And hearkened many tidings of what had chanced to fall,
And of kings that sought their kingdoms o'er many a waste and wild,
And at last saith the crafty master:
"Thou art King Sigmund's child:
Wilt thou wait till these kings of the carles shall die in a little land,
Or wilt thou serve their sons and carry the cup to their hand;
Or abide in vain for the day that never shall come about,
When their banners shall dance in the wind and shake to the war-gods' shout?"
Then Sigurd answered and said: "Nought such do I look to be.
But thou, a deedless man, too much thou eggest me:
And these folk are good and trusty, and the land is lovely and sweet,
And in rest and in peace it lieth as the floor of Odin's feet:
Yet I know that the world is wide, and filled with deeds unwrought;
And for e'en such work was I fashioned, lest the songcraft come to nought."

Then answered Regin the guileful: "The deed is ready to hand,
Yet holding my peace is the best, for well thou lovest the land;
And thou lovest thy life moreover, and the peace of thy youthful days,
And why should the full-fed feaster his hand to the rye-bread raise?
Yet they say that Sigmund begat thee and he looked to fashion a man.
Fear nought; he lieth quiet in his mound by the sea-waves wan."
So shone the eyes of Sigurd, that the shield against him hung
Cast back their light as the sunbeams; but his voice to the roof-tree rung:
"Tell me, thou Master of Masters, what deed is the deed I shall do?
Nor mock thou the son of Sigmund lest the day of his birth thou rue."
Then answered the Master of Sleight: "The deed is the righting of wrong,
And the quelling a bale and a sorrow that the world hath endured o'erlong,
And the winning a treasure untold, that shall make thee more than the kings;
Thereof is the Helm of Aweing, the wonder of earthly things,
And thereof is its very fellow, the War-Coat all of gold,
That has not its like in the heavens, nor has earth of its fellow told."
Then answered Sigurd the Volsung: "How long hereof hast thou known?
And what unto thee is this treasure, that thou seemest to give as thine own?"
"Alas!" quoth the smithying master, "it is mine, yet none of mine,
Since my heart herein avails not, and my hand is frail and fine—
It is long since I first came hither to seek a man for my need;
For I saw by a glimmering light that hence would spring the deed,
And many a deed of the world: but the generations passed,
And the first of the days was as near to the end that I sought as the last;
Till I looked on thine eyes in the cradle: and now I deem through thee,
That the end of my days of waiting, and the end of my woes shall be."
Then Sigurd awhile was silent; but at last he answered and said:
"Thou shalt have thy will and the treasure, and shalt take the curse on thine head
If a curse the gold enwrappeth: but the deed will I surely do,
For today the dreams of my childhood hath bloomed in my heart anew:
And I long to look on the world and the glory of the earth
And to deal in the dealings of men, and garner the harvest of worth.
But tell me, thou Master of Masters, where lieth this measureless wealth;
Is it guarded by swords of the earl-folk, or kept by cunning and stealth?
Is it over the main sea's darkness, or beyond the mountain wall?
Or e'en in these peaceful acres anigh to the hands of all?"
Then Regin answered sweetly: "Hereof must a tale be told:
Bide sitting, thou son of Sigmund, on the heap of unwrought gold,
And hearken of wondrous matters, and of things unheard, unsaid,
And deeds of my beholding ere the first of Kings was made.
"And first ye shall know of a sooth, that I never was born of the race
Which the masters of God-home have made to cover the fair earth's face;
But I come of the Dwarfs departed; and fair was the earth whileome
Ere the short-lived thralls of the Gods amidst its dales were come.

"It was Reidmar the Ancient begat me; and now was he waxen old,
And a covetous man and a king; and he bade, and I built him a hall,
And a golden glorious house; and thereto his sons did he call,
And he bade them be evil and wise, that his will through them might be wrought.
Then he gave unto Fafnir my brother the soul that feareth nought,
And the brow of the hardened iron, and the hand that may never fail,
And the greedy heart of a king, and the ear that hears no wail.
"But next unto Otter my brother he gave the snare and the net,
And the longing to wend through the wild-wood, and wade the highways wet:
And the foot that never resteth, while aught be left alive
That hath cunning to match man's cunning or might with his might to strive.
"And to me, the least and the youngest, what gift for the slaying of ease?
Save the grief that remembers the past, and the fear that the future sees;
And the hammer and fashioning-iron, and the living coal of fire;
And the craft that createth a semblance, and fails of the heart's desire;
And the toil that each dawning quickens and the task that is never done;
And the heart that longeth ever, nor will look to the deed that is won.
"Thus gave my father the gifts that might never be taken again;
Far worse were we now than the Gods, and but little better than men.
But yet of our ancient might one thing had we left us still:
We had craft to change our semblance, and could shift us at our will
Into bodies of the beast-kind, or fowl, or fishes cold;

"So dwelt we, brethren and father; and Fafnir my brother fared
As the scourge and compeller of all things, and left no wrong undared;
But for me, I toiled and I toiled; and fair grew my father's house;
But writhen and foul were the hands that had made it glorious;

"And myself a little fragment amidst it all I saw,
Grim, cold-hearted, and unmighty as the tempest-driven straw.
—Let be.—For Otter my brother saw seldom field or fold,
And he oftenest used that custom, whereof e'en now I told,
And would shift his shape with the wood-beasts and the things of land and sea;
And he knew what joy their hearts had, and what they longed to be,
And their dim-eyed understanding, and his wood-craft waxed so great,
That he seemed the king of the creatures and their very mortal fate.
"Now as the years won over three folk of the heavenly halls
Grew aweary of sleepless sloth, and the day that nought befalls;
And they fain would look on the earth, and their latest handiwork,
And turn the fine gold over, lest a flaw therein should lurk.
And the three were the heart-wise Odin, the Father of the Slain,
And Loki, the World's Begrudger, who maketh all labour vain,
And Hœnir, the Utter-Blameless, who wrought the hope of man,
And his heart and inmost yearnings, when first the work began;—"

The three wandered over the earth till they came to a mighty river, haunted for long by Otter, by reason of its great wealth of fish. There he lay on the bank, and as he watched the fish in the water his shape was changed to that of a true otter, and he began to devour a golden trout. Two of the gods would have passed without stay, but in the otter Loki saw an enemy, and straightway killed him, rejoicing over his dead body.

As night fell the three gods came to a great hall, wondrously wrought and carved, with golden hangings and forests of pillars. In the midst of the hall sat a king on an ivory throne, and his garments were made of purple from the sea. Kind welcome he gave to the wanderers, and there they feasted and delighted in music and song; but even as they drank and made merry they knew they were caught in the snare.

The king's welcome changed to scornful laughter, and thus he spoke: "Truly are ye gods, but ye are come to people who want you not. Before ye were known to us, still was the winter cold, and the summer warm, and still could we find meat and drink. I am Reidmar, and ye come straight from the slaying of Reidmar's son. Shall I not then take the vengeance I will? Unless, indeed, ye give me the treasure I covet, and then shall ye go your way. This is my sentence. Choose ye which ye will."

Then spake the wise Allfather and prayed Reidmar to unsay his word, and cease to desire the gold. But Reidmar the Wise, and Fafnir the Lord, and Regin the Worker cried aloud in their wrath:—

"'O hearken Gods of the Goths! ye shall die, and we shall be Gods,
And rule your men belovèd with bitter-heavy rods,
And make them beasts beneath us, save today ye do our will,
And
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