“Why are you here in my way? I am the lord of the Glittering Heath: I am the master of the Hoard. I am the master, and you are my thrall.”

Siegfried wondered at the change which had taken place in his old master; but he only smiled at his strange words, and made no answer.

“You have slain my brother!” Regin cried; and his face grew fearfully black, and his mouth foamed with rage.

“It was my deed and yours,” calmly answered Siegfried. “I have rid the world of a Terror: I have righted a grievous wrong.”

“You have slain my brother,” said Regin; “and a murderer’s ransom you shall pay!”

“Take the Hoard for your ransom, and let us each wend his way,” said the lad.

“The Hoard is mine by rights,” answered Regin still more wrathfully. “I am the master, and you are my thrall. Why stand you in my way?”

Then, blinded with madness, he rushed at Siegfried as if to strike him down; but his foot slipped in a puddle of gore, and he pitched headlong against the sharp edge of Balmung. So sudden was this movement, and so unlooked for, that the sword was twitched out of Siegfried’s hand, and fell with a dull splash into the blood-filled pit before him; while Regin, slain by his own rashness, sank dead upon the ground. Full of horror, Siegfried turned away, and mounted Greyfell.[EN#12]

“This is a place of blood,” said he, “and the way to glory leads not through it. Let the Hoard still lie on the Glittering Heath: I will go my way from hence; and the world shall know me for better deeds than this.”

And he turned his back on the fearful scene, and rode away; and so swiftly did Greyfell carry him over the desert land and the mountain waste, that, when night came, they stood on the shore of the great North Sea, and the white waves broke at their feet. And the lad sat for a long time silent upon the warm white sand of the beach, and Greyfell waited at his side. And he watched the stars as they came out one by one, and the moon, as it rose round and pale, and moved like a queen across the sky. And the night wore away, and the stars grew pale, and the moon sank to rest in the wilderness of waters. And at day-dawn Siegfried looked towards the west, and midway between sky and sea he thought he saw dark mountain-tops hanging above a land of mists that seemed to float upon the edge of the sea.