He heard a noise, the loud though not unmusical sound of iron on stone, and he thought, “There is the Swede.”

A moment later he saw him. He was bent towards the earth, digging, and Gaupa could not help thinking of a bear digging his winter shelter, just as he had seen one some years before about Michaelmas time. Gaupa advanced and the Swede straightened himself, his face streaming with perspiration.

Gaupa greets him with “Evening.” “Now I shall soon have the Treasure,” mutters the Swede. “It is in here, and to-morrow I shall be a rich man, as rich as the King at Stockholm.”

Then he tells his tale, how the night before he was sitting on the slope resting, when he suddenly saw a tiny blue light moving along the banks of Ré River, bounding along till at last it stopped at the mound, where he saw as it were a bluish shimmer for a long time, much like a firefly on a summer night. He at once understood that this was a sign to him. He went round the mound with the cleft birch wand, and when he reached the spot where he was then digging an invisible hand seemed to pull the wand downwards, until it seemed to writhe in his hands, pointing to earth like a finger.

Gaupa saw that there was a small cellar where the Ré Valley Swede had been digging, with reddish sandy soil and small round stones heaped up round about. Gaupa gave the old man food, which he wolfed down like a starving dog, but he had no time for rest, for as he said, when the sun rises, it will sparkle on the Ré Valley Treasure, which has not been exposed to the light of day for hundreds of years.

Gaupa remained near the fire watching the Swede as he dug. He wore an old pair of sheepskins, stiff with dirt like dried deerskin. He would never leave Ré Valley though, he said. When he got rich he was going to build a small palace on Black Mountain, and there he would sit drinking fine wine and gaze upon the earth stretched out before him.

Then he straightened himself, the pickaxe hung loosely in his right hand, and with his left he wiped the perspiration from his bald head, and the hand left a mark, it was so dirty with digging. The red bearded face worked itself into a half-witted smile, the eyes grew large, lost all keenness and became troubled. Then he said: “And when once I die, then I will return to Ré Valley in the shape of a beast.”

Gaupa saw how the Swede was becoming strange, as if he were listening. Then he uttered an ugly roar, and fell on his face almost into the fire.

Quick as lightning Gaupa pulled him away, and there lay the old Swede prostrate in a fit. His hand held the shaft of the pickaxe too tightly for Gaupa to wrench it open, but he succeeded in forcing a stick between the teeth of the sick man to prevent him from biting off his own tongue. His legs were pulled up crooked under his body, a muffled groan from the depths of his throat was heard off and on, his mouth was smothered in foam.

At last the body twitched no more, the Swede began to breathe evenly and heavily; he slept like a man tired to death.