Donner}Gods.
Wotan
Froh
Loge
Fricka}Goddesses.
Freïa
Erda
Alberich}Nibelungs.
Mime
Fasolt}Giants.
Fafner
Woglinde}Rhein-daughters.
Wellgunde
Flosshilde
Nibelungs.

ACT I

Deep down in the jagged bed of the river Rhein there lay hidden a great treasure of gold, which for ages had belonged to the Rhein-daughters—three mermaids who guarded it.

Above the gold, in and out of the shadowy fissures, the beautiful fishwomen had swum and played happily, and the years had never made them old nor weary nor sad. There they frolicked and sang and feared nothing. The golden treasure was heaped high upon the rock in the middle of the river's bed, and it shone through the waters of the stream, always to cheer and delight them.

Now, one tragic day, while the daughters of the Rhein were darting gaily about their water home, a little dark imp came from Nibelheim—the underground land of the Nibelungs—and hid himself in the dark cleft of a rock to watch the mermaids play. In all the universe there was probably not so malevolent a creature as that one. His name was Alberich. Hidden in his dark nook, he blinked his rheumy eyes at the mermaids, envied them their beauty, and thought how he might approach them. Above, on the surface of the earth, it was twilight, and the reflection from the gold upon the rock was soft and a beautiful greenish hue. The mermaids, all covered with iridescent scales from waist to tail, glimmered through the waters in a most entrancing way. In that shimmering, changeful light they were in amazing contrast with the slimy, misshapen Alberich, who came from that underworld where only half-blind, ugly, and treacherous creatures live. The mermaids disported themselves quite unconscious of the imp's presence, till he laughed aloud, and then, startled, they swam in haste and affright to the rock where the gold lay stored.

"Look to our gold," Flosshilde cried in warning to her sisters.

"Aye! It was just such a creature as this, whom our father warned us against. What does he want here, I should like to know?" Woglinde screamed, swimming frantically to join her sisters.

"Can I not watch ye at play?" Alberich called, grinning diabolically. "Dive deeper,—here, near to me; I shall not harm ye."

At this they recovered a little from their fright, but instead of approaching the ugly fellow, they laughed at him and swam about, near enough to tantalize him.

"Only listen to the languishing imp," they laughed. "He thinks to join us in our sport."