Now a charcoal-burner has much time for reflection; and as Peter sat at his stack, with the dark trees around him, he began to cherish a longing to become rich and powerful.

“A black, lonely charcoal-burner,” he said to himself, “leads a wretched life. How much more respected are the glass-blowers, the clock-makers, and the musicians!”

The raftsmen of the forest, too, excited his envy. They passed like giants through the towns, with their silver buckles, consequential looks, and clay pipes, often a yard long. There were three of these timber-dealers that he particularly admired. One of them, called “Fat Hesekiel,” seemed like a mint of gold, so freely did he use his money at the gaming-tables at the tavern. The second, called “Stout Schlurker,” was both rich and dictatorial; and the third was a famous dancer.

These traders were from Holland. Peter Munk, the young coal-burner, used to think of them and their good fortune, when sitting alone in the pine forests. The Black Foresters were people rich in generous character and right principle, but very poor in purse. Peter began to look upon them and their homely occupations with contempt.

“This will do no longer,” said Peter, one day. “I must thrive or die. Oh, that I were as much regarded as rich Hesekiel or powerful Schlurker, or even as the King of the Dancers! I wonder where they obtain their money!”

There were two Forest spirits, of whom Peter had heard, that were said to help those who sought them to riches and honor. One was Glassmanikin, a good little dwarf; and the other was Michael the Dutchman,—dark, dangerous, terrible, and powerful,—a giant ghost.

Peter had heard that there was a magic verse, which, were he to repeat it alone in the forest, would cause the benevolent dwarf, Glassmanikin, to appear. Three of the lines were well known,—

“O treasure-guarder, ’mid the forests green,
Many, full many a century hast thou seen:
Thine are the lands where rise the dusky pine—”

He did not know the last line, and, as he was but a poor poet, he was unable to make a line to fill the sense, metre, and rhyme.

He inquired of the Black Foresters about the missing line, but they only knew as much as he, else many of them would have called the fairy banker to their own service.