'Do you know, Sir Knight, why your good horse shivers thus?' asked the carter, 'for if not I can tell you. A bad water spirit dwells in this valley, and often he would bewitch my horses when first I ventured through it. But now I have learned a little spell. If you wish it, I will whisper it in the ear of your steed, and he will stand steady as my greys.'

'You may try your spell,' said the knight, 'though I fear that it will be of but little use.'

Then the driver of the wagon went quietly up to the panting steed, and said a few words to it. At once the horse stood still, without a trace of the fear which had made it so restless and unmanageable.

Huldbrand had no time to wonder what the wagoner had said to his horse. He was too eager to get Bertalda out of the valley to think of anything else.

'My wagon will take the fair lady safely back to Ringstetten,' said the wagoner. 'She may sit in it in comfort, for it is filled with bags of the softest cotton.'

The knight was glad to accept this offer, and as his horse, though quiet, was tired and weary, Huldbrand himself was easily persuaded that he also should ride in the wagon with Bertalda, while his steed was fastened behind.

'It is well,' said the wagoner, 'that the road is downhill. My trusty greys will step out bravely.'

Thus they started, the driver walking by the side of his wagon.

And Bertalda and the knight did not heed the jolting of the wagon, as they sat side by side on the soft bags of cotton.

Suddenly they were startled by a loud shout from the driver.