At last he stood up. Every gem and every piece of gold had been taken out of the net. And every hair on the otter's skin had been covered with a gem or a piece of gold.

And still old Hreidmar on his hands and knees was peering over the skin, searching, searching for a hair that was not covered. At last he lifted himself up on his knees. His mouth was open, but he was speechless. He touched Odin on the knees, and when Odin bent down he showed him a hair upon the lip that was left uncovered.

"What meanest thou?" Loki cried, turning upon the crouching man.

"Your ransom is not paid yet—look, here is still a hair uncovered. You may not go until every hair is covered with gold or a gem."

"Peace, old man," said Loki roughly. "All the Dwarf's hoard has been given thee."

"Ye may not go until every hair has been covered," Hreidmar said again.

"There is no more gold or gems," Loki answered.

"Then ye may not go," cried Hreidmar, springing up.

It was true. Odin and Loki might not leave that dwelling until the recompense they had agreed to was paid in full. Where now would the Æsir go for gold?

And then Odin saw the gleam of gold on Loki's finger: it was the ring he had forced from Andvari. "Thy fingerring," said Odin. "Put thy fingerring over the hair on the otter's skin."