'Get up behind me on the donkey,' he said, 'and put your arms round my waist.'

The maiden obeyed, the donkey standing quite still, and not so much as moving the end of its tail.

'Now let Assimund, Prince of Sprats, approach,' said the King.

'People of England,' he then continued, facing the audience, 'I have been King over you for half an hour, and I have had enough of it. But, before abdicating, I will place the crown on brows worthier to wear it than mine. Behold Prince Assimund, no longer a pretender, but to be hereafter your absolute and legitimate monarch. And behold Silvia, his fitting queen and consort, whose hand I place in his.' He suited the action to the word, and then, removing the crown, he set it upon Assimund's head.

But the audience murmured, and seemed dissatisfied; and Silvia smiled maliciously; and even the dwarf, over whom the Headsman was standing with uplifted axe, showed his teeth in an ugly grin.

'Silence!' shouted Yellow-cap. 'I have not yet done. Headsman—strike!'

Down came the heavy axe; and everyone thought that the dwarf must be cloven asunder from head to foot. But before the axe could reach him there was no dwarf there. Whether he melted into nothing, or whether he disappeared down one of those trap-doors which are to be found in every stage, or what else became of him, will probably never be known. At all events the blade of the axe came down upon the bare boards and buried itself six inches deep in the wood, and no dwarf was there, but only the glittering half of a spade guinea, strung on a broken thread of silk. This the Headsman placed in Yellow-cap's hand, and he hid it in his bosom.

'He lives still!' said Silvia, smiling again.

'But he will never again cross my path,' replied Yellow-cap. 'King Assimund,' he added, 'accept my parting gift before I go. With this and with your crown, and with Silvia to whisper worldly wisdom in your ear, it will be your own fault if you are not the mightiest sovereign in Christendom.'

So saying he snatched off the yellow cap from his own black locks and clapped it down upon Assimund's foolish poll. At the same moment he felt the arms of the village maiden tighten round his waist.