“We thank you, Sadko the Musician, for your diversion, for the sweet sounds of your harp came down to the ears of the worshipful guests at my banquet; and I am at a loss, Sadko, for means of granting reward to you.

“But go back, Sadko, to Novgorod the Great, where to-morrow you shall be called to a merry feast, at which many merchants of Novgorod shall be present. Now when they have eaten well and drunk better, they will begin to boast. One shall brag of his good horse as if it were another Cloudfall; another of the great deeds of his youth as if Svyatogor were puny beside him; a third of the beauty of his young wife as if she were another Golden Tress; and a fourth, a wise man, of the goodness of his aged father and the tenderness of his mother.

“Then boast in your own turn, Sadko, and say: ‘I know something which is known to none of this worshipful company. I know that there are in Lake Ilmen fishes with golden fins.’ Then they will argue with you and say that such fishes do not exist, but you must wager your head upon the truth of your word, in return for their pledge of all their shops and their precious wares.

“Then you shall buy a net of the finest silk, not for youthful vanity, but for strength, and come and cast it into the waters of Lake Ilmen. You must cast the net three times in the lake, and at each cast I will place within it a fish with fins of gold. So shall you win your wager, even the rich shops of Novgorod, and become Sadko the Rich Guest. But in wealth forget not your sweet playing, nor the golden tones of your harp of maple-wood.”

Then the Water Tsar vanished from Sadko’s sight.

The harper went back to Novgorod the Great, and it all happened as the Water Tsar had spoken up to the time when the boasters had said their say. Then one of them said to Sadko:

“Why do you sit there, musician, and utter never a single word of boasting?”

“What shall I boast of?” asked Sadko. “I have no treasure except the golden tones of my harp of maple-wood. But there is one thing I know right well; there are in Ilmen Lake fishes with fins of gold.”

“You lie, Sadko,” cried the merchants. But Sadko said:

“I will wager my head against all the wealth of your shops.”