"Ah, maybe thou hast a scold for a wife, who would make thee feel her blows if thou gavest away the ring." This tormenting reply annoyed Siegfried and finally he took off the ring and held it up to them, offering it if they would cease to deride him. Then they regarded him gravely.

"Keep that ring," they said, "till thou hast tasted the ill-fate that goes with it; after that thou wilt gladly give it to us. Now thou art parting with it, reluctantly." So Siegfried replaced the ring on his finger.

"Tell me the ring's secret, wilt thou?" he asked, and the maidens told him that it was accursed, and that very day, even while he thought himself so safe and fortunate, his death was determined.

Upon hearing this, Siegfried became troubled and told them to hold their peace. So they swam away, while he stood watching them, reflecting gravely, till he heard Hagen's horn sound through the forest.

Scene II

Hearing Hagen's horn, Siegfried wound his own in reply, and soon Hagen, followed by Gunther and his vassals, entered the glade and flung their game in a great heap.

"Ah, this is where thou hast hidden thyself?" Hagen cried, gaily. "Come, let us all rest a while," and he threw himself down upon the ground. "The chase has wearied us, so let us have the wine-skins and drink heartily."

"I shall have to share your booty, if I am to eat," Siegfried laughed, "for I have had no luck to-day. I might have found game, but I followed the water-birds and heard from them a tale of disaster. It seems that I am to meet my death to-day." Hagen and Gunther started and looked meaningly at each other. Siegfried, all unsuspecting, threw himself down between Hagen and Gunther to drink his wine, and presently, seeing Gunther downcast, he sat up and began to while the time by telling tales of his youth—how he had lived with the Mime; how he had forged his good sword Nothung. After he had told about Fafner the Dragon, Hagen interrupted him and bade him drink again. Then he gave Siegfried a horn of wine, into which he had unnoticed poured another potion, which was to disenchant the knight. As in a dream, Siegfried's memory returned. He told of slaying the Dragon, and then of the little bird who directed him to a beautiful maiden who slept upon a rock, surrounded by fire.

"It was Brünnhilde," he cried, joyfully; "I waked her and made her mine." At this saying, all the company roused themselves and regarded each other with troubled looks. Siegfried had confirmed the story that Brünnhilde had told.

At that moment two ravens, which Wotan had sent out from Walhall to learn the time when the doom of the Eternals had come, flew from a thicket near by, and Siegfried raised himself up to watch them. He turned his back to Hagen, and instantly the warrior plunged his sword into the knight's back and Siegfried fell dead.