"The hoard of Nibelung was borne entire from out a hollow hill. Now hear a wondrous tale, of how the liegemen of Nibelung wished to divide it there. This the hero Siegfried saw and much it gan wonder him. So near was he now come to them, that he beheld the heroes, and the knights espied him, too. One among them spake: 'Here cometh the mighty Siegfried, the hero of Netherland.' Passing strange were the tidings that, he found among the Nibelungs. Schilbung and Nibelung greeted well the knight; with one accord these young and noble lordings bade the stately man divide the hoard. Eagerly they asked it, and the lord in turn gan vow it to them.
"He beheld such store of gems, as we have heard said, that a hundred wains might not bear the lead; still more was there of ruddy gold from the Nibelung land. All this the hand of the daring Siegfried should divide. As a guerdon they gave him the sword of Nibelung, but they were served full ill by the service which the good knight Siegfried should render them. Nor could he end it for them; angry of mood (6) they grew. Twelve bold men of their kith were there, mighty giants these. What might that avail them! Siegfried's hand slew them soon in wrath, and seven hundred warriors from the Nibelung land he vanquished with the good sword Balmung. (7) Because of the great fear that, many a young warrior had of the sword and of the valiant man, they made the land and its castles subject to his hand. Likewise both the mighty kings he slew, but soon he himself was sorely pressed by Alberich. (8) The latter weened to venge straightway his masters, till he then discovered Siegfried's mighty strength; for no match for him was the sturdy dwarf. Like wild lions they ran to the hill, where from Alberich he won the Cloak of Darkness. (9) Thus did Siegfried, the terrible, become master of the hoard; those who had dared the combat, all lay there slain. Soon bade he cart and bear the treasure to the place from whence the men of Nibelung had borne it forth. He made Alberich, the strong, warden of the hoard and bade him swear an oath to serve him as his knave; and fit he was for work of every sort."
So spake Hagen of Troneg: "This he hath done. Nevermore did warrior win such mighty strength. I wot yet more of him: it is known to me that the hero slew a dragon and bathed him in the blood, so that his skin became like horn. Therefore no weapons will cut him, as hath full oft been seen. All the better must we greet this lord, that we may not earn the youthful warrior's hate. So bold is he that we should hold him as a friend, for he hath wrought full many a wonder by his strength."
Then spake the mighty king: "Thou mayst well have right. Behold how valiantly he with his knights doth stand in lust of battle, the daring man! Let us go down to meet the warrior."
"That ye may do with honor," spake then Hagen; "he is of noble race, son of a mighty king. God wot, methinks, he beareth him in such wise, that it can be no little matter for which he hath ridden hither."
"Now be he welcome to us," spake then the king of the land. "He is both noble and brave, as I have heard full well. This shall stand him in good stead in the Burgundian land." Then went Lord Gunther to where Siegfried stood.
The host and his warriors received the guest in such wise that full little was there lack of worship. Low bowed the stately man, that they had greeted him so fair. "It wondereth me," spake the king straightway, "whence ye, noble Siegfried, be come unto this land, or what ye seek at Worms upon the Rhine."
Then the stranger made answer to the king: "This will I not conceal from you. Tales were told me in my father's land, that here with you were the boldest warriors that ever king did gain. This I have often heard, and that I might know it of a truth, therefore am I come. Likewise do I hear boasting of your valor, that no bolder king hath ever been seen. This the folk relate much through all these lands. Therefore will I not turn back, till it be known to me. I also am a warrior and was to wear a crown. Fain would I bring it to pass that it may be said of me: Rightly doth he rule both folk and land. Of this shall my head and honor be a pledge. Now be ye so bold, as hath been told me, I reck not be it lief or loth to any man, I will gain from you whatso ye have—land and castles shall be subject to my hand."
The king had likewise his men had marvel at the tidings they here heard, that he was willed to take from them their land. The knights waxed wroth, as they heard this word. "How have I earned this," spake Gunther, the knight, "that we should lose by the force of any man that which my father hath rules so long with honor? We should let it ill appear that we, too, are used in knightly ways."
"In no wise will I desist," spake again the valiant man. "Unless it be that through thy strength thy land have peace, I will rule it all. And shouldst thou gain, by thy strength, my ancestral lands, they shall be subject to thy sway. Thy lands, and mine as well, shall lie alike; whether of us twain can triumph over the other, him shall both land and people serve."