Pracaun the Crow came to the standing stone in the morning and ate the boiled potato that the Boy Who Knew What the Birds Said brought her, and then the Boy spoke to her about the stone that Kingfisher-all-Blue had brought him to, and he asked what good luck there was at the other side of it.
"Kingfisher-all-Blue has brought you to good luck that none of the rest of us could have shown you," said Pracaun the Crow. "Under that round stone is the treasure of King Labraid Lorc."
"Who was King Labraid Lorc and what was his treasure?" said the Boy Who Knew What the Birds Said.
"I will tell you first about King Labraid Lorc," said Pracaun the Crow. "He was King of this part of the country and of two lovely Islands that are now sunken deep in the sea. Mananaun Mac Lir who is Lord of the Sea was his friend and Labraid Lorc would have been a happy King only for—well, I'll tell you in a while what troubles he had.
"No one knew where the King had come from. He was not born King of this part of the country nor of the lovely Islands that are now deep sunken under the sea. Mananaun who is Lord of the Sea had given him the Islands, or rather he had given him the two keys that had brought the Islands up from the bottom of the sea. Two silver keys they were, O lad. And when they were brought together they struck each other and rang like bells. And "Labraid Lorc is King, King of the two Fair Islands" is what they chimed out. As long as he held the keys the Islands would remain above the water. But if he put the keys away the Islands would sink back into the sea.
"Once in every month the King had a man killed. This is how it was. He would have a man to shave his beard and to trim his hair. This man never came alive out of the King's Castle. As soon as the poor barber left the King's chamber and passed down the hall soldiers would fall upon him and kill him with their swords. Every time when the King's beard was shaved and his hair was trimmed a man was killed—twelve men in a year, a hundred and forty-four men in twelve years!
"Now a warning came to a woman that her son would be called upon to be the next barber to the King. She was a widow and the young man was her only son. She was wild with grief when she thought that he would be killed by the soldiers' swords as soon as he had shaved the King's beard and trimmed the King's hair.
"She went everywhere the King rode. She threw herself before him and asked for the life of her son. And at last the King promised that no harm would befall her son's life if he swore he would tell no person what he saw when he shaved the King's beard and trimmed the King's hair. After that he would be always the King's barber.
"The widow's son came before the King and he swore he would tell no person what he saw when he shaved his beard and trimmed his hair. Then he went into the King's Chamber. And when he came out from it the King's soldiers did not fall upon him and kill him with their swords. The widow's son went home out of the Castle.
"His mother cried over him with joy at seeing him back. The next day he went to work at his trade and his mother watched him and was contented in her mind. But the day after her son only worked by fits and starts, and the day after that he did no work at all but sat over the fire looking into the burning coals.