[He holds up the ring, which he has taken from his finger.

THE THREE RHINE-MAIDENS

[Rise to the surface again. They appear grave and solemn.

Nay, hero, keep
And ward it well,
Until the harm thou hast felt
That in the ring lies hid.
Then wouldst thou fain
Be freed by us from its curse.

SIEGFRIED

[Calmly puts the ring on his finger again.

Sing something that ye know!

THE THREE RHINE-MAIDENS

Siegfried! Siegfried! Siegfried!
Dark our knowledge for thee!
The ring thou keepest
To thy own scathe!
From the gleaming gold
Of the Rhine 'twas wrought;
He who cunningly forged it,
And lost it in shame,
Laid a curse on it
Which, for all time,
The owner thereof
Dooms to his death.
As the dragon fell
So shalt thou too fall,
And that to-day;
Thy fate is foretold,
Wilt thou not give to the Rhine
The ring to hide in its waters.
Its waves alone
Can loose the curse.