Wagner took the main incidents of his drama from the old Norse sagas, principally from the two Eddas, but in many minor points his tale varies from that of the original authorities. Nevertheless he grasped the spirit of the myth so fully, that his version of the Nibelung story yields in harmony and beauty to that of none of his predecessors. There is one point about the Norse mythology which is of the utmost importance to the proper comprehension of 'Der Ring des Nibelungen.' The gods of Teutonic legend are not immortal. In the Edda the death of the gods is often mentioned, and distinct reference is made to their inevitable downfall. Behind Valhalla towers the gigantic figure of Fate, whose reign is eternal. The gods rule for a limited time, subject to its decrees. This ever-present idea of inexorable doom is the guiding idea of Wagner's great tragedy. Against the inevitable the gods plot and scheme in vain.

The opening scene of 'Das Rheingold' is in the depths of the Rhine. There, upon the summit of a rock, lies the mysterious treasure of the Rhine, the Rhine-gold, guarded night and day by the three Rhine-maidens Wellgunde, Woglinde, and Flosshilde, who circle round the rock in an undulating dance, joyous and light-hearted 'like troutlets in a pool.' Alberich, the prince of the Nibelungs, the strange dwarf-people who dwell in the bowels of the earth, now appears. Clumsily he courts the maidens, trying unsuccessfully to catch first one, then another. Suddenly the rays of the rising sun touch the treasure on the rock and light it into brilliant splendour. The maidens, in delight at its beauty, incautiously reveal the secret of the Rhine-gold to the inquisitive dwarf. The possessor of it, should he forge it into a ring, will become the ruler of the world. But, to that end, he must renounce the delights of love for ever. Alberich, fired with the lust of power, hastily climbs the rock, tears away the shining treasure, and plunges with it into the abyss, amidst the cries of the maidens, who vainly endeavour to pursue him. The scene now changes, the waves gradually giving place to clouds and vapour, which in turn disclose a lofty mountainous region at the foot of which is a grassy plateau. Here lie the sleeping forms of Wotan, the king of the gods, and Fricka, his wife. Behind them, upon a neighbouring mountain, rise the towers of Valhalla, Wotan's new palace, built for him by the giants Fafner and Fasolt in order to ensure him in his sovereignty of the world. In exchange for their labours Wotan has promised to give them Freia, the goddess of love and beauty, but he hopes by the ingenuity of Loge, the fire-god, to escape the fulfilment of his share of the contract. While Fricka is upbraiding him for his rash promise Freia enters, pursued by the giants, who come to claim their reward. Wotan refuses to let Freia go, and Froh and Donner come to the protection of their sister. The giants are prepared to fight for their rights, but the entrance of Loge fortunately effects a diversion. He has searched throughout the world for something to offer to the giants instead of the beautiful goddess, but has only brought back the news of Alberich's treasure-trove, and his forswearing of love in order to rule the world. The lust of power now invades the minds of the giants, and they agree to take the treasure in place of Freia, if Wotan and Loge can succeed in stealing it from Alberich. On this quest therefore the two gods descended through a cleft in the earth to Nibelheim, the abode of the Nibelungs. There they find Alberich, by virtue of his magic gold, lording it over his fellow-dwarfs. He has compelled his brother Mime, the cleverest smith of them all, to fashion him a Tarnhelm, or helmet of invisibility, and the latter complains peevishly to the gods of the overbearing mastery which Alberich has established in Nibelheim. When Alberich appears, Wotan and Loge cunningly beguile him to exhibit the powers of his new treasures. The confiding dwarf, in order to display the quality of the Tarnhelm, first changes himself into a snake and then into a toad. While he is in the shape of the latter, Wotan sets his foot upon him, Loge snatches the Tarnhelm from his head, and together they bind him and carry him off to the upper air. When he has conveyed his prisoner in safety to the mountain-top, Wotan bids him summon the dwarfs to bring up his treasures from Nibelheim. Alberich reluctantly obeys. His treasure is torn from him, his Tarnhelm, and last of all the ring with which he hoped to rule the world. Bereft of all, he utters a terrible curse upon the ring, vowing that it shall bring ruin and death upon every one who wears it, until it returns to its original possessor. The giants now appear to claim their reward. They too insist upon taking the whole treasure. Wotan refuses to give up the ring until warned by the goddess Erda, the mother of the Fates, who rises from her subterranean cavern, that to keep it means ruin. The ring passes to the giants, and the curse at once begins to work. Fafner slays Fasolt in a quarrel for the gold, and carries off the treasure alone. Throughout this scene the clouds have been gathering round the mountain-top. Donner, the god of thunder, now ascends a cliff, and strikes the rock with his hammer. Thunder rolls and lightning flashes, the dark clouds are dispelled, revealing a rainbow bridge thrown across the chasm, over which the gods solemnly march to Valhalla, while from far below rise the despairing cries of the Rhine-maidens lamenting their lost treasure.

'Das Rheingold' is conspicuous among the later works of Wagner for its brevity and concentration. Although it embraces four scenes, the music is continuous throughout, and the whole makes but one act. Wagner's aim seems to have been to set forth in a series of brilliant pictures the medium in which his mighty drama was to unfold itself. Human interest of course there is none, but the supernatural machinery is complete. The denizens of the world are grouped in four divisions—the gods in heaven, the giants on the earth, the dwarfs beneath, and the water-sprites in the bosom of the Rhine. 'Das Rheingold' has a freshness and an open-air feeling which are eminently suitable to the prologue of a work which deals so much with the vast forces of nature as Wagner's colossal drama. There is little scope in it for the delicate psychology which enriches the later divisions of the tetralogy, but, on the other hand, Wagner has reproduced the 'large utterance of the early gods' with exquisite art. Musically it can hardly rank with its successors, partly no doubt because the plot has not their absorbing interest, partly also because 'Das Rheingold' is the first work in which Wagner consciously worked in accordance with his theory of guiding themes, and consequently he had not as yet gained that complete mastery of his elaborate material which he afterwards attained. Yet some of the musical pictures in 'Das Rheingold' would be difficult to match throughout the glowing gallery of 'Der Ring des Nibelungen,' such as the beautiful opening scene in the depths of the Rhine, and the magnificent march to Valhalla with which it closes.

Before the opening of 'Die Walküre,' the next work of the series, much has happened. Wotan has begotten the nine Valkyries (Walküren, or choosers of the slain), whose mission is to bring up dead heroes from the battle-field to dwell in Valhalla, and, if need be, help to defend it. He determines, too, since he may not possess the ring himself, to beget a hero of the race of men who shall win it from Fafner (who has changed himself into a dragon in order to guard the treasure more securely), and so prevent it falling into the hands of an enemy of the gods. For this purpose he descends to earth and, under the name of Volse, unites himself with a mortal woman, who bears him the Volsung twins, Siegmund and Sieglinde. Bound by his oath to Fafner, Wotan may not openly assist Siegmund in the enterprise, but he dwells with him on the earth, and trains him in all manly exercises. Sieglinde is carried off by enemies and given as wife to Hunding, and Siegmund returning one day from the chase finds his father gone, and nothing but an empty wolf-skin left in the hut. Alone he has to wage continual war with the enemies who surround him. One day, in defending a woman from wrong, he is overpowered by numbers, and losing his sword, has to fly for his life. With this 'Die Walküre' opens. A violent storm is raging when Siegmund reaches Hunding's hut. Exhausted by fatigue, he throws himself down by the hearth, and is soon fast asleep. Sieglinde entering offers him food and drink. Soon Hunding appears, and, after hearing his guest's name and history, discovers in him a mortal foe. Nevertheless the rights of hospitality are sacred. He offers Siegmund shelter for the night, but bids him be ready at dawn to fight for his life. Left alone, Siegmund muses in the dying firelight on the promise made him by his father, that at the hour of his direst need he should find a sword. His reverie is interrupted by the entrance of Sieglinde, who has drugged Hunding's night draught, and now urges Siegmund to flee. Each has read in the other's eyes the sympathy which is akin to love, and Siegmund refuses to leave her. Thereupon she tells him of a visit paid to the house upon the day of her marriage to Hunding by a mysterious stranger, who thrust a sword into the stem of the mighty ash-tree which supports the roof, promising it to him who could pull it out. Siegmund draws the sword (which he greets with the name of Nothung) in triumph from the tree, and the brother and sister, now united by a yet closer tie, fall into each other's arms as the curtain falls.

The scene of the next act is laid in a wild, mountainous region. Wotan has summoned his favourite daughter, the Valkyrie Brünnhilde, and directs her to protect Siegmund in the fight with Hunding which is soon to take place. Brünnhilde departs with her wild Valkyrie cry, and Fricka appears in a car drawn by two rams. She is the protectress of marriage rites, and come to complain of Siegmund's unlawful act in carrying off Sieglinde. A long altercation ensues between the pair. In the end Fricka is triumphant. She extorts an oath from Wotan that he will not protect Siegmund, and departs satisfied. Brünnhilde again appears, and another interminable scene follows between her and Wotan. The father of the gods is weighed down by the sense of approaching annihilation. He now realises that the consequences of his lawless lust of power are beginning to work his ruin. He tells Brünnhilde the whole story ot his schemes to avert destruction by the help of Siegmund and the Valkyries, ending by commanding her, under dreadful penalties, to leave the Volsung hero to his fate. Siegmund and Sieglinde now appear, flying from the vengeful Hunding. Sieglinde's strength is almost spent, and she sinks exhausted in a death-like swoon. While Siegmund is tenderly watching over her, Brünnhilde advances. She tells Siegmund of his approaching doom, and bids him prepare for the delights of Valhalla. He refuses to leave Sieglinde, and, rather than that they should be separated, he is ready to plunge his sword into both their hearts. His noble words melt Brünnhilde's purpose, and, in defiance of Wotan's commands, she promises to protect him. Hunding's horn is now heard in the distance, and Siegmund leaves Sieglinde still unconscious and rushes to the encounter. Amid the gathering storm-clouds the two men meet upon a rocky ridge. Brünnhilde protects Siegmund with her shield, but just as he is about to deal Hunding a fatal blow, Wotan appears in thunder and lightning and thrusts his spear between the combatants. Siegmund's sword is shivered to fragments upon it, and Hunding strikes him dead. Brünnhilde hastily collects the splinters of the sword, and escapes with Sieglinde upon her horse, while Hunding falls dead before a contemptuous wave of Wotan's hand.

The third act shows a rocky mountain-top in storm and tempest. One by one the Valkyries appear riding on their horses through the driving clouds. Last comes Brünnhilde, with the terrified and despairing Sieglinde. Sieglinde wishes to die, but Brünnhilde entreats her to live for the sake of her child that is to be, and giving her the splintered fragments of Siegmund's sword, bids her escape to the forest, where Fafner watches over his treasure. The voice of the wrathful Wotan is now heard in the distance. He appears, indignant at Brünnhilde's disobedience, dismisses the other Valkyries, and tells Brünnhilde what her punishment is to be. She is to be banished from the sisterhood of Valkyries, and Valhalla is to know her no more. Thrown into a deep sleep, she shall lie upon the mountain-top, to be the bride of the first man who finds and wakens her. Brünnhilde pleads passionately for a mitigation of the cruel sentence, or at least that a circle of fire shall be drawn around her resting-place, so that none but a hero of valour and determination can hope to win her. Moved by her entreaties, Wotan consents. He kisses her fondly to sleep, and lays her gently upon a mossy couch, covered with her shield. Then he strikes the earth with his spear, calling on the fire-god Loge. Tongues of fire spring up around them, and leaving her encircled with a rampart of flame, he passes from the mountain-top with the words, 'Let him who fears my spear-point never dare to pass through the fire.'

With 'Die Walküre' the human interest of 'Der Ring des Nibelungen' begins, and with it Wagner rises to greater heights than he could hope to reach in 'Das Rheingold.' In picturesque force and variety 'Die Walküre' does not yield to its predecessors, while the passion and beauty of the immortal tale of the Volsungs lifts it dramatically into a different world. 'Die Walküre' is the most generally popular of the four works which make up Wagner's great tetralogy, for the inordinate length of some of the scenes in the second act is amply atoned for by the immortal beauties of the first and third. Twenty years ago Wagner's enemies used to make capital out of the incestuous union of Siegmund and Sieglinde, but it is difficult to believe in the sincerity of their virtuous indignation. No sane person would conceivably attempt to judge the personages of the Edda by a modern code of ethics; nor could any one with even a smattering of the details of Greek mythology affect to regard such a union as extraordinary, given the environment in which the characters of Wagner's drama move. It may be noted in passing that 'Die Walküre' is the latest of Wagner's works in which the traces of his earlier manner are still perceptible. For the most part, as in all his later works, the score is one vast many-coloured web of guiding themes, 'a mighty maze, but not without a plan!' Here and there, however, occur passages, such as the Spring Song in the first act and the solemn melody which pervades Brünnhilde's interview with Siegmund in the second, which, beautiful in themselves as they are, seem reminiscent of earlier and simpler days, and scarcely harmonise with the colour scheme of the rest of the work.

With 'Siegfried' the drama advances another stage. Many years have elapsed since the tragic close of 'Die Walküre.' Sieglinde dragged herself to the forest, and there died in giving birth to a son, Siegfried, who has been brought up by the dwarf Mime in the hope that when grown to manhood the boy may slay the dragon and win for him the Nibelung treasure. The drama opens in Mime's hut in the depths of the forest. The dwarf is engaged in forging a sword for Siegfried, complaining the while that the ungrateful boy always dashes the swords which he makes to pieces upon the anvil as though they were toys. Siegfried now comes in, blithe and boisterous, and treats Mime's new sword like its predecessors, blaming the unfortunate smith for his incompetence. Mime reproaches Siegfried for his ingratitude, reminding him of the care with which he nursed him in childish days. Siegfried cannot believe that Mime is his father, and in a fit of passion forces the dwarf to tell him the real story of his birth. Mime at length reluctantly produces the fragments of Siegmund's sword, and Siegfried, bidding him forge it anew, rushes out once more into the forest. The dwarf is settling down to his task, when his solitude is disturbed by the advent of a mysterious stranger. It is Wotan, disguised as a wanderer, who has visited the earth to watch over the offspring of his Volsung son, and to see how events are shaping themselves with regard to the Nibelung treasure. The scene between him and Mime is exceedingly long, and, though of the highest musical interest and beauty, does very little to advance the plot. The god and the dwarf ask each other a series of riddles, each staking his head upon the result. Mime breaks down at the question, 'Who is to forge the sword Nothung anew?' Wotan tells him the answer, 'He who knows not fear,' and departs with the contemptuous reminder that the dwarf has forfeited his head to the fearless hero. Siegfried now returns, and is very angry when he finds that Mime has not yet forged the sword. The frightened dwarf confesses that the task is beyond his powers, and finding that Siegfried does not know what fear is, tells him to forge his sword for himself. Siegfried then proceeds to business. He files the pieces to dust and melts them in a melting-pot, singing a wild song as he fans the flames with a huge bellows. Next he pours the melted steel into a mould and plunges it into water to cool, heats it red-hot in the furnace, and lastly hammers it on the anvil. When all is finished he brandishes the sword, and, to the mingled terror and delight of Mime, with one mighty stroke cleaves the anvil in twain.

The next act shows a glen in the gloomy forest close to Fafner's lair. Alberich is watching in the darkness, in the vain hope of finding an opportunity of recovering his lost treasure. Wotan appears, and taunts him with his impotence, telling him meanwhile of Siegfried's speedy arrival. Mime and Siegfried soon appear. The dwarf tries to excite the feeling of fear in Siegfried's bosom by a blood-curdling description of the terrible dragon, but finding it useless, leaves Siegfried at the mouth of Fafner's cave and retires into the brake. Left alone, Siegfried yields to the fascination of the summer woods. Round him, as he lies beneath a giant linden-tree, the singing of birds and the murmur of the forest blend in a mysterious symphony. His thoughts fly back to his dead mother and his lonely childhood. But his reverie is interrupted by the awakening of Fafner, who resents his intrusion. Siegfried boldly attacks his terrible foe, and soon puts an end to him. As he draws his sword from the dragon's heart, a rush of blood wets his hand. He feels it burn, and involuntarily puts his hand to his lips. Forthwith, by virtue of the magic power of the blood, he understands the song of the birds, and as he listens he hears the warning voice of one of them in the linden-tree telling him of the Tarnhelm and the ring. Armed with these he comes forth from the dragon's cave to find Mime, who has come to offer him a draught from his drinking-horn after his labours. But the dragon's blood enables him to read the thoughts in the dwarf's heart under his blandishing words. The draught is poisoned, and Mime hopes by slaying Siegfried to gain the Nibelung hoard. With one blow of his sword Siegfried slays the treacherous dwarf, and, guided by his friendly bird, hastens away to the rock where Brünnhilde lies within the flaming rampart awaiting the hero who shall release her.

The third act represents a wild landscape at the foot of Brünnhilde's rock. Wotan once more summons Erda, and bids her prophesy concerning the doom of the gods. She knows nothing of the future, and Wotan professes himself resigned to hand over his sovereignty to the youthful Siegfried, who shall deliver the world from Alberich's curse. Erda sinks once more into her cavern, and Siegfried appears, led by the faithful bird. Wotan attempts to bar his passage, but Siegfried will brook no interference, and he shivers Wotan's spear (the emblem of the older rule of the gods) with a blow of his sword. Gaily singing, he passes up through the fire, and finds Brünnhilde asleep upon her rock. Love teaches him the fear which he could not learn from Fafner. He awakens the sleeper, and would clasp her in his arms, but Brünnhilde, who fell asleep a goddess, knows not that she has awaked a woman. She flies from him, but his passion melts her, and, her godhead slipping from her, she yields to his embrace.