Terry shivered to his very marrow as he heard those words, for full well he knew, that amongst all such, none deserved punishment more than he; he was only wondering how his immortal part could be extracted from its living tenement, when, as though the spirit knew his very thoughts, it uttered:

"I have but to breathe within your ear a word of power, and with that word the current of your life would cease."

Terry instinctively stretched his neck to its fullest extent, as he said to himself, "I'll keep my lug out of your reach if I can, my boy." But the spirit either knew his thought or guessed it from the movement.

"Foolish piper," it said, "I could reach it did I so incline, were it as high as Cashel Tower." And to prove that the assertion was not a mere boast, the little fellow made a jump, and perched upon the bridge of Terry's nose, and sat there astride; and as it was of the retroussé order, a very comfortable seat it had; light as a feather, it rested there, peering alternately into each of Terry's eyes, who squinted at the intruder, brimful of awe and amazement.

"I give in," said he. "It's less nor nothin' that I am in your hands; but if it's just as convainient for you, I'd be much obliged to you if you'd lave that, for its fairly tearin' the eyes out of me head that you are, while I'm thryin' to look straight at you."

"It's all the same to me entirely," replied the spirit; "and now that you have come to a full sense of my power, I'll take up my position at a more agreeable distance."

So saying, the spirit bounded off of Terry's nose, and alighted on a branch of the same tree on which the legion of little pipers had before assembled, while Terry wiped his relieved eyes with the sleeve of his coat, and sat upon the piece of rock that stood beside.

"And now, Masther Magra," said the spirit, "we'll proceed to business. Had you picked up any other stone but the one you did, or had you refrained from obstructing the lake in any way, your soul would have been mine for ever. You see what a small chance you had. But inasmuch as your good luck pointed out the talismanic pebble, you have yet the privilege of making another wish which I must gratify whatsoever it may be; think well, however, ere you ask it; let no scruples bound your desires. The wealth of the world is in my distribution."

Terry's nerves thrilled again, as his mind conjured up images of purchased delights. But for an instant only did he hesitate what course he should pursue.

"The temptation is wonderful," said he. "But no: I've endured enough of misery from what I've had already."