'And now, my dear Raymond,' continued the dwarf affably, 'I must trouble you to carry me across the ford. One—two—and there we are!' And before the astonished young man had time to remonstrate his new friend had sprang upon his shoulders, wound his long arms about his neck, and was urging him into the water.

Well, it would not be so much of a job to carry over so small a creature, Raymond thought. Besides, since putting on the dwarf's doublet he had felt less his own master than before. If his soul were still his own his doublet was not; and a very small compromise of freedom sometimes goes a long way. So Raymond (like his contemporary Sindbad the Sailor) set forth meekly with his burden on his back.

The River Thames was, in those days, very clear and transparent, with a sandy bottom, and with frequent shallows or fords. The Honeymead ford was reckoned an especially good one; and Raymond, expecting an easy passage, stepped into the eddying current with confidence.

But before he had gone far he thought there must be a mistake somewhere: either he was not so strong as he had supposed or else the dwarf was uncommonly heavy. Twice or thrice he staggered and almost lost his footing. By the time he had got to the middle of the stream every muscle in his body ached, his legs trembled under him, and the sweat stood on his forehead. The water, too, rose high above his waist, and seemed to flow with unusual swiftness. If he had been carrying a sack of gold on his shoulders, instead of a dwarf, it could not have felt heavier.

'You're not tired?' asked the dwarf, as Raymond laid hold of a rock that rose partly out of the water and panted as if his lungs would burst.

'What on earth are you made of?' gasped the young man.

'Of all things conducive to worldly prosperity,' said the other, with his odd metallic chuckle. 'But now, as we are at the middle of the river, let us settle the terms of our bargain. I will give you my cap—you have wanted it ever since that day in the washing-room—in exchange for yours.' Having made this exchange (which Raymond was, of course, powerless to prevent his doing, even had he been so inclined), the dwarf continued: 'You now possess the most precious talisman in the world. By making a proper use of that cap you may reach any height of fortune. Does it fit you comfortably?'

'Not at all!' cried Raymond: 'it makes my head ache. Take it off again.'

'Pooh! my good Raymond, is not unbounded wealth worth a headache? Besides, you will get used to it after a while. Meantime listen to this couplet, which contains much wisdom in small space:—

Cap on—cap and knee!
Cap off—who is he?