“An Asa never forgets,” he answered.
And he turned his face again towards Rhineland; and the magic shoes bore him aloft, and carried him in a moment back to the ice-mountain and the gorge and the infant river, which he had so lately left. The salmon still rested in his place, and had not moved during Loki’s short absence.
Loki unfolded the net, and cast it into the stream. The cunning fish tried hard to avoid being caught in its meshes; but, dart which way he would, he met the skilfully woven cords, and these drew themselves around him, and held him fast. Then Loki pulled the net up out of the water, and grasped the helpless fish in his right hand. But, lo! as he held the struggling creature high in the air, it was no longer a fish, but the cunning dwarf Andvari.
“Thou King of the Elves,” cried Loki, “thy cunning has not saved thee. Tell me, on thy life, where thy hidden treasures lie!”
The wise dwarf knew who it was that thus held him as in a vise; and he answered frankly, for it was his only hope of escape, “Turn over the stone upon which you stand. Beneath it you will find the treasure you seek.”
Then Loki put his shoulder to the rock, and pushed with all his might. But it seemed as firm as the mountain, and would not be moved.
“Help us, thou cunning dwarf,” he cried,—“help us, and thou shalt have thy life!”
The dwarf put his shoulder to the rock, and it turned over as if by magic, and underneath was disclosed a wondrous chamber, whose walls shone brighter than the sun, and on whose floor lay treasures of gold and glittering gem-stones such as no man had ever seen. And Loki, in great haste, seized upon the hoard, and placed it in the magic net which he had borrowed from the Ocean-queen. Then he came out of the chamber; and Andvari again put his shoulder to the rock which lay at the entrance, and it swung back noiselessly to its place.
“What is that upon thy finger?” suddenly cried Loki. “Wouldst keep back a part of the treasure? Give me the ring thou hast!”
But the dwarf shook his head, and made answer, “I have given thee all the riches that the elves of the mountain have gathered since the world began. This ring I cannot give thee, for without its help we shall never be able to gather more treasures together.”
And Loki grew angry at these words of the dwarf; and he seized the ring, and tore it by force from Andvari’s fingers. It was a wondrous little piece of mechanism shaped like a serpent, coiled, with its tail in its mouth; and its scaly sides glittered with many a tiny diamond, and its ruby eyes shone with an evil light. When the dwarf knew that Loki really meant to rob him of the ring, he cursed it and all who should ever possess it, saying,—
“May the ill-gotten treasure that you have seized tonight be your bane, and the bane of all to whom it may come, whether by fair means or by foul! And the ring which you have torn from my hand, may it entail upon the one who wears it sorrow and untold ills, the loss of friends, and a violent death! The Norns have spoken, and thus it must be.”
Loki was pleased with these words, and with the dark curses which the dwarf pronounced upon the gold; for he loved wrong-doing, for wrong-doing’s sake, and he knew that no curses could ever make his own life more cheerless than it always had been. So he thanked Andvari for his curses and his treasures; and, throwing the magic net upon his shoulder, he sprang again into the air, and was carried swiftly back to Hunaland; and, just before the dawn appeared in the east, he alighted at the door of the farmhouse where Odin and Hoenir still lay bound with thongs, and guarded by Fafnir and Regin.
Then the farmer, Hreidmar, brought the otter’s skin, and spread it upon the ground; and, lo! it grew, and spread out on all sides, until it covered an acre of ground. And he cried out, “Fulfil now your promise! Cover every hair of this hide with gold or with precious stones. If you fail to do this, then your lives, by your own agreement, are forfeited, and we shall do with you as we list.”
Odin took the magic net from Loki’s shoulder; and opening it, he poured the treasures of the mountain elves upon the otter-skin. And Loki and Hoenir spread the yellow pieces carefully and evenly over every part of the furry hide. But, after every piece had been laid in its place; Hreidmar saw near the otter’s mouth a single hair uncovered; and he declared, that unless this hair, too, were covered, the bargain would be unfulfilled, and the treasures and lives of his prisoners would be forfeited. And the Asas looked at each other in dismay; for not another piece of gold, and not another precious stone, could they find in the net, although they searched with the greatest care. At last Odin took from his bosom the ring which Loki had stolen from the dwarf; for he had been so highly pleased with its form and workmanship, that he had hidden it, hoping that it would not be needed to complete the payment of the ransom. And they laid the ring upon the uncovered hair. And now no portion of the otter’s skin could be seen. And Fafnir and Regin, the ransom being paid, loosed the shackles of Odin and Hoenir, and bade the three huntsmen go on their way.
Odin and Hoenir at once shook off their human disguises, and, taking their own forms again, hastened with all speed back to Asgard. But Loki tarried a little while, and said to Hreidmar and his sons,—
“By your greediness and falsehood you have won for yourselves the Curse of the Earth, which lies before you. It shall be your bane. It shall be the bane of every one who holds it. It shall kindle strife between father and son, between brother and brother. It shall make you mean, selfish, beastly. It shall transform you into monsters. The noblest king among men-folk shall feel its curse. Such is gold, and such it shall ever be to its worshippers. And the ring which you have gotten shall impart to its possessor its own nature. Grasping, snaky, cold, unfeeling, shall he live; and death through treachery shall be his doom.”
Then he turned away, delighted that he had thus left the curse of Andvari with Hreidmar and his sons, and hastened northward toward the sea; for he wished to redeem the promise that he had made to the Ocean-queen, to bring back her magic net, and to decoy the richly laden ship into her clutches.
No sooner were the strange huntsmen well out of sight than Fafnir and Regin began to ask their father to divide the glittering hoard with them.
“By our strength and through our advice,” said they, “this great store has come into your hands. Let us place it in three equal heaps, and then let each take his share and go his way.”
At this the farmer waxed very angry; and he loudly declared that he would keep all the treasure for himself, and that his sons should not have any portion of it whatever. So Fafnir and Regin, nursing their disappointment, went to the fields to watch their sheep; but their father sat down to guard his new-gotten treasure. And he took in his hand the glittering serpent-ring, and gazed into its cold ruby eyes: and, as he gazed, all his thoughts were fixed upon his gold; and there was no room in his heart for love toward his fellows, nor for deeds of kindness, nor for the worship of the All-Father. And behold, as he continued to look at the snaky ring, a dreadful change came over him. The warm red blood, which until that time had leaped through his veins, and given him life and strength and human feelings, became purple and cold and sluggish; and selfishness, like serpent-poison, took hold of his heart. Then, as he kept on gazing at the hoard which lay before him, he began to lose his human shape; his body lengthened into many scaly folds, and he coiled himself around his loved treasures,—the very likeness of the ring upon which he had looked so long.
When the day drew near its close, Fafnir came back from the fields with his herd of sheep, and thought to find his father guarding the treasure, as he had left him in the morning; but instead he saw a glittering snake, fast asleep, encircling the hoard like a huge scaly ring of gold. His first thought was that the monster had devoured his father; and, hastily drawing his sword, with one blow he severed the serpent’s head from its body. And, while yet the creature writhed in the death-agony, he gathered up the hoard, and fled with it beyond the hills of Hunaland, until on the seventh day he came to a barren heath far from the homes of men. There he placed the treasures in one glittering heap; and he clothed himself in a wondrous mail-coat of gold that was found among them, and he put on the Helmet of Dread, which had once been the terror of the mid-world, and the like of which no man had ever seen; and then he gazed with greedy eyes upon the fateful ring, until he, too, was changed into a cold and slimy reptile,—a monster dragon.