The good man, who was curious to hear the true story, immediately untied the knot that kept him bound; and Pinocchio, finding himself free as a bird in the air, commenced as follows:

"You must know that I was once a puppet as I am now, and I was on the point of becoming a boy like the many who are in the world. But instead, induced by my dislike for study and the advice of bad companions, I ran away from home. One fine day when I awoke I found myself changed into a donkey with long ears, and a long tail. What a disgrace it was to me!—a disgrace, dear master, that even your worst enemy would not inflict upon you! Taken to the market to be sold I was bought by the director of an equestrian company, who took it into his head to make a famous dancer of me, and a famous leaper through hoops. But one night during a performance I had a bad fall in the circus and lamed both my legs. Then the director, not knowing what to do with a lame donkey, sent me to be sold, and you were the purchaser!"

"Only too true. And I paid two dollars for you. And now, who will give me back my good money?"

"And why did you buy me? You bought me to make a drum of my skin!"

"Only too true! And now, where shall I find another skin?"

"Don't despair, master. There are such a number of little donkeys in the world!"

"Tell me, you impertinent rascal, does your story end here?"

"No," answered the puppet; "I have another two words to say and then I shall have finished. After you had bought me you brought me to this place to kill me; but then, yielding to a feeling of compassion, you preferred to tie a stone round my neck and to throw me into the sea. This humane feeling does you great honor and I shall always be grateful to you for it. But, nevertheless, dear master, this time you made your calculations without considering the Fairy!"

"And who is the Fairy?"

"She is my mamma and she resembles all other good mammas who care for their children, and who never lose sight of them, but help them lovingly, even when, on account of their foolishness and evil conduct, they deserve to be abandoned and left to themselves. Well, then, the good Fairy, as soon as she saw that I was in danger of drowning, sent immediately an immense shoal of fish, who, believing me really to be a little dead donkey, began to eat me. And what mouthfuls they took; I should never have thought that fish were greedier than boys! Some ate my ears, some my muzzle, others my neck and mane, some the skin of my legs, some my coat. Amongst them there was a little fish so polite that he even condescended to eat my tail."