In order to get possession of this sword, Hotherus had to make a journey which reminds us of the adventurous expeditions already described to Gudmund-Mimer's domain, but with this difference, that he does not need to go by sea along the coast of Norway in order to get there, which circumstance is sufficiently explained by the fact that, according to Saxo, Hotherus has his home in Sweden. The regions which Hotherus has to traverse are pathless, full of obstacles, and for the greater part continually in the cold embrace of the severest frost. They are traversed by mountain-ridges on which the cold is terrible, and therefore they must be crossed as rapidly as possible with the aid of "yoke-stags." The sword is kept concealed in a specus, a subterranean cave, and "mortals" can scarcely cross its threshold (haud facile mortalibus patere posse). The being which is the ward of the sword in this cave is by Saxo called Mimingus.
The question now is, whether the sword smithied by Volund and the one fetched by Hotherus are identical or not. The former is smithied in a winter-cold country beyond Myrkwood, where the mythic Nidadr suddenly appears, takes possession of it, and the purpose for which it was made, judging from all circumstances, was that Volund with its aid was to conquer the hated powers which, stronger than he, the chief of elves, had compelled him to take refuge to the Wolfdales. If these powers were Asas or Vans, then it follows that Volund must have thought himself able to give to his sword qualities that could render it dangerous to the world of gods, although the latter had Thor's hammer and other subterranean weapons at their disposal. The sword captured by Hotherus is said to possess those very qualities which we might look for in the Volund weapon, and the regions he has to traverse in order to get possession of it refer, by their cold and remoteness, to a land similar to that where Nidadr surprises Volund, and takes from him the dangerous sword.
As already stated, Nidad at the same time captured an arm-ring of an extraordinary kind. If the saga about Volund and his sword was connected with the saga-fragment turned into history by Saxo concerning Hotherus and the sword, whose owner he becomes, then we might reasonably expect that the precious arm-ring, too, should appear in the latter saga. And we do find it there. Mimingus, who guards the sword of victory, also guards a wonderful arm-ring, and through Saxo we learn what quality makes this particular arm-ring so precious, that Nidad does not seem to care about the other seven hundred which he finds in Volund's workshop. Saxo says: Eidem (Mimingo) quoque armillam esse mira quadam arcanaque virtute possessoris opes augere solitam. "In the arm-ring there dwells a wonderful and mysterious power, which increases the wealth of its possessor." In other words, it is a smith's work, the rival of the ring Draupner, from which eight similar rings drop every ninth night. This explains why Volund's smithy contains so many rings, that Nidad expresses his suspicious wonderment (str. 13).
There are therefore strong reasons for assuming that the sword and the ring, which Hotherus takes from Mimingus, are the same sword and ring as Nidad before took from Volund, and that the saga, having deprived Volund of the opportunity of testing the quality of the weapon himself in conflict with the gods, wanted to indicate what it really amounted to in a contest with Thor and his hammer by letting the sword came into the hands of Hotherus, another foe of the Asas. As we now find such articles as those captured by Nidad reappearing in the hands of a certain Mimingus, the question arises whether Mimingus is Nidad himself or some one of Nidad's subjects; for that they either are identical, or are in some way connected with each other, seems to follow from the fact that the one is said to possess what the other is said to have captured. Mimingus is a Latinising of Mimingr, Mimungr, son or descendant of Mimer.
Nidadr, Nidudr (both variations are found in Volundarkvida), has, on the other hand, his counterpart in the Anglo-Saxon Nidhâd. The king who in "Deor the Scald's Complaint" fetters Volund bears this name, and his daughter is called Beadohild, in Volundarkvida Bodvild. Previous investigators have already remarked that Beadohild is a more original form than Bodvild, and Nidhad than Nidudr, Nidadr. The name Nidhad is composed of nid (neuter gender), the lower world, Hades, and had, a being, person, forma, species. Nidhad literally means the lower world being, the Hades being. Herewith we also have his mythical character determined. A mythical king, who is characterised as the being of the lower world, must be a subterranean king. The mythic records extant speak of the subterranean king Mimer (the middle-age saga's Gudmund, king of the Glittering Fields; see Nos. 45, 46), who rules over the realm of the well of wisdom and has the dis of fate as his kinswoman, the princess of the realm of Urd's fountain and of the whole realm of death. While we thus find, on the one hand, that it is a subterranean king who captures Volund's sword and arm-ring, we find, on the other hand, that when Hotherus is about to secure the irresistible sword and the wealth-producing ring, he has to betake himself to the same winter-cold country, where all the traditions here discussed (see Nos. 45-49) locate the descent to Mimer's realm, and that he, through an entrance "scarcely approachable for mortals," must proceed into the bosom of the earth after he has subdued a Mimingus, a son of Mimer. Mimer being the one who took possession of the treasure, it is perfectly natural that his son should be its keeper.
This also explains why Nidadr in Volundarkvida is called the king of the Njares. A people called Njares existed in the mythology, but not in reality. The only explanation of the word is to be found in the Mimer epithet, which we discovered in the variations Narve, Njorve, Nare, Nere, which means "he who binds." They are called Njares, because they belong to the clan of Njorvi-Nare.
Volundarkvida (str. 19, with the following prose addition) makes Nidad's queen command Volund's knee-sinews to be cut. Of such a cruelty the older poem, "Deor the Skald's Complaint," knows nothing. This poem relates, on the other hand, that Nidad bound Volund with a fetter made from a strong sinew:
siththan hinne Nidhad on
nede legde
sveoncre seono-bende.
Though Volund is in the highest degree skilful, he is not able to free himself from these bonds. They are of magic kind, and resemble those örlogthættir which are tied by Mimer's kinswoman Urd. Nidad accordingly here appears in Mimer-Njorve's character as "binder." With this fetter of sinew we must compare the one with which Loke was bound, and that tough and elastic one which was made in the lower world and which holds Fenrer bound until Ragnarok. And as Volund—a circumstance already made probable, and one that shall be fully proved below—actually regards himself as insulted by the gods, and has planned a terrible revenge against them, then it is an enemy of Odin that Nidhad here binds, and the above-cited paraphrase for the death-dis, Urd, employed by Egil Skallagrimson, "the kinswoman of the binder (Njorva) of Odin's foes" (see No. 85), also becomes applicable here.
The tradition concerning Nidhad's original identity with Mimer flourished for a long time in the German middle-age sagas, and passed thence into the Vilkinasaga, where the banished Volund became Mimer's smith. The author of Vilkinasaga, compiling both from German and from Norse sources, saw Volund in the German records as a smith in Mimer's employ, and in the Norse sagas he found him as Nidhad's smith, and from the two synonyms he made two persons.