When, on the Monday morning, he came to his factory, he not only found his workmen, but also other people whom no one likes to see; viz., the bailiff and three beadles. The bailiff wished Peter good morning, asked him how he had slept, and then took from his pocket a long list of Peter’s creditors, saying, with a stern look, “Can you pay or not? Be short, for I have no time to lose, and you know it is full three leagues to the prison.” Peter in despair confessed he had nothing left, telling the bailiff he might value all the premises, horses, and carts. But while they went about examining and valuing the things, Peter said to himself, “Well, it is but a short way to the Tannenbühl, and as the little man has not helped me, I will now try for once the big man.” He ran towards the Tannenbühl as fast as if the beadles were at his heels. On passing the spot where the glass-mannikin had first spoken to him, he felt as if an invisible hand were stopping him, but he tore himself away and ran onwards till he came to the boundary which he had well marked. Scarcely had he, almost out of breath, called, “Dutch Michel, Mr. Dutch Michel!” than suddenly the gigantic raftsman with his pole stood before him.

“Have you come then?” said the latter, laughing. “Were they going to fleece you and sell you to your creditors? Well, be easy, all your sorrow comes, as I have always said, from the little glass-mannikin, the Separatist and Pietist. When one gives, one ought to give right plentifully and not like that skinflint. But come,” he continued, turning towards the forest, “follow me to my house, there we’ll see whether we can strike a bargain.”

“Strike a bargain?” thought Peter. “What can he want of me, what can I sell to him? Am I perhaps to serve him, or what is it that he can want?” They went at first up-hill over a steep forest path, when all at once they stopped at a dark, deep, and almost perpendicular ravine. Michel leaped down as easily as he would go down marble steps; but Peter almost fell into a fit when he saw him below, rising up like a church steeple reaching him an arm as long as a scaffolding pole with a hand at the end as broad as the table in the ale house, and calling in a voice which sounded like the deep tones of a death bell, “Set yourself boldly on my hand, hold fast by the fingers and you will not fall off.” Peter, trembling, did as he was ordered, sat down upon his hand and held himself fast by the thumb of the giant.

They now went down a long way and very deep, yet, to Peter’s astonishment, it did not grow darker; on the contrary, the daylight seemed rather to increase in the chasm, and it was sometime before Peter’s eyes could bear it. Michel’s stature became smaller as Peter came lower down, and he stood now in his former size before a house just like those of the wealthy peasants of the Schwarzwald. The room into which Peter was led differed in nothing but its appearance of solitariness from those of other people. The wooden clock, the stove of Dutch tiles, the broad benches and utensils on the shelves were the same as anywhere else. Michel told him to sit down at the large table, then went out of the room and returned with a pitcher of wine and glasses. Having filled these, they now began a conversation, and Dutch Michel expatiated on the pleasures of the world, talked of foreign countries, fine cities and rivers, so that Peter, at length, feeling a yearning after such sights, candidly told Michel his wish.

“If you had courage and strength in your body to undertake any thing, could a few palpitations of your stupid heart make you tremble; and the offences against honor, or misfortunes, why should a rational fellow care, for either? Did you feel it in your head when they but lately called you a cheat and a scoundrel? Or did it give you a pain in your stomach, when the bailiff came to eject you from your house? Tell me, where was it you felt pain?”

“In my heart,” replied Peter, putting his hand on his beating breast, for he felt as if his heart was anxiously turning within him.

“Excuse me for saying so, but you have thrown away many hundred florins on vile beggars and other rabble; what has it profited you? They have wished you blessings and health for it; well, have you grown the healthier for that? For half that money you might have kept a physician. A blessing, a fine blessing forsooth, when one is distrained upon and ejected! And what was it that urged you to put your hand into your pocket, as often as a beggar held out his broken hat?—Why your heart again, and ever your heart, neither your eyes, nor your tongue, nor your arms, nor your legs, but your heart; you have, as the proverb truly says, taken too much to heart.”

“But how can we accustom ourselves to act otherwise? I take, at this moment, every possible pains to suppress it, and yet my heart palpitates and pains me.”

“You, indeed, poor fellow!” cried Michel, laughing; “you can do nothing against it; but give me this scarcely palpitating thing, and you will see how comfortable you will then feel.”

“My heart to you?” cried Peter, horrified. “Why, then, I must die on the spot! Never!”