Little Hulda had never seen anything half so splendid before. There were little glasses set round with diamonds, and hung with small tinkling bells which made delightful music whenever they were shaken; ropes of pearls which had a more fragrant scent than bean-fields or hyacinths; rings, the precious stones of which changed color as you frowned or smiled upon them; silver boxes that could play tunes; pictures of beautiful ladies and gentlemen, set with emeralds, with devices in coral at the back; little golden snakes, with brilliant eyes that would move about; and so many other rare and splendid jewels that Hulda was quite dazzled, and stood looking at them with blushing cheeks and a beating heart, so much she wished that she might have one of them.

"Well, young lady," said the cunning pedlar, "how do you find these jewels? Did I boast too much of their beauty?"

"Oh, no!" said Hulda, "I did not think there had been anything so beautiful in the world. I did not think even our queen had such fine jewels as these. Thank you, pedlar, for the sight of them."

"Will you buy something, then, of a poor man?" answered the pedlar. "I've travelled a great distance, and not sold anything this many a day."

"I should be very glad to buy," said little Hulda, "but I have scarcely any money; not half the price of one of these jewels, I am sure."

Now there was lying on the table an ancient signet-ring set with a large opal.

"Maybe the young lady would not mind parting with this?" said he, taking it up. "I could give her a new one for it of the latest fashion."

"Oh, no, thank you!" cried Hulda, hastily, "I must not do so. This ring is my mother's, and was left her by my grandmother."

The pedlar looked disappointed. However, he put the ring down, and said, "But if my young lady has no money, perhaps she has some old trinkets or toys that she would not mind parting with—a coral and bells, or a silver mug, or a necklace, or, in short, anything that she keeps put away, and that is of no use to her?"

"No," said the little girl, "I don't think I have got anything of the kind. Oh, yes! to be sure, I have got somewhere up-stairs a little gold wand, which I was told not to give away; but I'm afraid she who gave it me must have been dead a long while, and it is of no use keeping it any longer."