When Peter saw how much he was looked up to he scarcely knew how to contain himself for pride and joy. He threw his money about with a free hand and gave a goodly portion to the poor, remembering the times when he had suffered for want of money.

The Dance King’s art having been quite supplanted by that of Peter, the latter was nicknamed “Dance Emperor,” but this nickname soon gave place to another and a worse one. On Sundays in the inn there was no worse gambler than he, for no one could afford to lose as much as he could, but as he always played with Fat Ezekiel, who won his money easily, he had still, just as the little Glass-man had promised, as much money in his pockets as his opponent.

If he lost twenty or thirty crowns one minute, no sooner had Fat Ezekiel slipped them into his pocket than the same sum appeared in Peter’s. He took to gambling every day in the week, and what with drinking and playing he soon became one of the worst characters in the Black Forest, and so he came to be called “Gambling Peter” instead of “Dance Emperor.”

It was on account of this that his glass factory soon began to show signs of decay. He ordered glass to be made as before; but as he had no business capacity he did not know how to dispose of it to the best advantage, and soon had such an accumulation of glass goods that he was obliged to sell to pedlars or anyone who would buy it at half price, so that he might have the money to pay his workmen.

One evening as he was going home from the inn he could not help thinking of the terrible muddle he had made of his affairs and worrying himself over the loss of his fortune, when suddenly he became aware that someone was walking beside him, and behold it was the little Glass-man.

Peter flew into a terrible rage and accused the little man of being the cause of all his misfortunes. “Of what use to me is a horse and a carriage?” he cried. “Of what use my factory and all my glass? I was happier as a poverty-stricken charcoal-burner than I am now, for I never know when the bailiffs may come and seize my goods to pay my debts.”

“Oh!” replied the little Glass-man, “so it is my fault, is it, that you are unhappy? Is this the thanks you offer me for my generosity? Why did you wish so foolishly? You wished to be a glass manufacturer and yet knew nothing about the business. Did I not warn you to be careful what you wished for? It was knowledge and common sense you wanted.”

Peter grabbed the Glass-man by the collar. (P. [241].)

“Knowledge and common sense,” screamed Peter. “I will show you that I have as much common sense as you have,” and with these words he grabbed the Glass-man by the collar and cried—“Now I have you, Master Glass-man, and I will not let you go until you have granted me a third wish. Give me now at this very moment, on this very spot, two hundred thousand crown pieces, a house and—oh! oh!!” he shrieked aloud, for the Glass-man had turned into a mass of hot molten glass and burnt his hand. Of the little man himself there was nothing to be seen.