Now this is what had happened: from his lookout throne in Asgard, Odin's keen sight had spied Loki's retreat. This throne, you remember, was in the house with a silver roof which Odin had built in the very beginning of time; and whenever he wanted to see what was going on in the remotest corner of Asgard, or to spy into some secret place beyond the sight of gods or men, he would mount this magic throne, whence his eye could pierce thick mountains and sound the deepest sea. So it was that the Æsir had found out Loki's castle, well-hidden though it was among the furthest mountains of the world. They had come to catch him, and there was nothing left for him but to run.

Loki jumped up and threw his half-mended net into the fire, for he did not want the Æsir to discover his invention; then he ran down to the river and leaped in with a great splash. When he was well under water, he changed himself into a salmon, and flickered away to bask in his shady pool and think how safe he was.

By this time the Æsir had entered his castle and were poking among the ashes which they found smouldering on the hearth.

"What is this?" asked Thor, holding up a piece of knotted flax which was not quite burned. "The knave has been making something with little cords."

"Let me see it," said Heimdal, the wisest of the Æsir,—he who once upon a time had suggested Thor's clever disguise for winning back his hammer from the giant Thrym. He took now the little scrap of fish-net and studied it carefully, picking out all the knots and twists of it.

"It is a net," said Heimdal at last. "He has been making a net, and—pfaugh!—it smells of fish. The fellow must have used it to trap fish for his dinner, though I never before heard of such a device."

"I saw a big splash in the river just as we came up," said Thor the keen-eyed,—"a very big splash indeed. It seemed too large for any fish."

"It was Loki," declared Heimdal. "He must have been here but a moment since, for this fire has just gone out, and the net is still smouldering. That shows he did not wish us to find this new-fangled idea of his. Why was that? Let me think. Aha! I have it. Loki has changed himself into a fish, and did not wish us to discover the means of catching him."

"Oho!" cried the Æsir regretfully. "If only we had another net!"

"We can make one," said wise Heimdal. "I know how it is done, for I have studied out this little sample. Let us make a net to catch the slyest of all fish."