"Slowly, and very reluctantly, the dwarf accepted the situation; but at last he consented to yield up the golden hoard as ransom for his life, and diving into the depths of the waterfall he brought up thence, little by little, his marvellous pile of treasure.
"Last of all he laid upon the bank, which now shone like a sea of gold, the glittering Helmet of Dread and a massive breastplate, all of the precious metal.
"'This is the full measure,' said he, as he laid his burden at Loki's feet.
"But Loki caught sight of a ring gleaming upon his thumb. 'Give me also that ring,' said he.
"Now this ring was a talisman and had the power of attracting to it all precious metal like itself; therefore Andvari would not part with it.
"Then Loki snatched the ring from him with a wicked laugh, and went his way chuckling. But Andvari crept into a cleft of the rocks, and from thence called out angry curses upon him.
"That gold hoard of mine
Shall be to all thine
A cause of dissension and woe;
And no good at all
Shall ever befall
The man to whose hands it shall go."
"Meanwhile, Loki had carried the treasure to Hreidmar, and they placed it on the otter skin, which ever stretched and widened, so that, with all that large store, one hair of the bristle remained uncovered. And on this Loki placed the magic ring, that was called 'Andvari's Loom,' because it made much gold, and at last the skin was entirely covered. Then Loki chanted:
"Gold enow, gold enow,
A great treasure hast thou,
That our heads on our necks we may hold,
But thou and thy son,
Are now both undone,
For a curse has been placed on the gold."
"Now scarcely had the Asas departed than the curse began to work. For though Hreidmar watched night and day over the treasure, it was plain that Fafnir coveted it. At last he slew his father, and having thus obtained possession of the hoard he donned the Helmet of Dread and the glittering breastplate, and," said Regin, "he drove me out when I came to claim my share, and bade me get my bread as best I could.