“Avaunt!” exclaimed Burkhart angrily. “What are you sitting here and frightening my horse for?”

“Ho! ho!” laughed the dwarf. “Know, you creeping worm of the earth, I am Pypo, the king of the gnomes. Mine is the Untersberg with its treasures. What have you to seek in my territory?”

When Burkhart heard these words he deemed it prudent to speak politely to the king of the gnomes. He therefore explained to him his situation, and asked for the loan of a sum of money, for which he promised his everlasting gratitude.

The king groaned. “Confound your gratitude,” he said; “there would be plenty of wretches like you coming to borrow money from me, if it could be had at such a cheap price.”

“What then do you demand?” asked the knight. “State your terms, and I will accept them, for I must have gold at any price!”

“Listen then,” said the gnome; “it is not much that I ask. Only one hair from your head for each thousand of florins.” Thus saying, his eyes rested searchingly upon the face of the knight.

“Only one hair from my head?” exclaimed Burkhart in great astonishment. “A whole lot of hair you shall have, and be welcome, if you only furnish me the money necessary for obtaining the favour of Julia.”

“I am putting no limits to the amount you may draw,” laughed the king. “For each thousand of florins which you receive from me you will have to leave me one hair from your head.”

“It is a bargain!” exclaimed the knight joyfully, and, drawing his dagger, he was about to proceed to cut a lock of hair from his forehead to offer it to the king.

“Not so,” said Pypo. “Only one hair at a time, and I will have to pull it out myself by the root.”