‘Wherefore are we outlaws? Because we have been driven from our own, and we bore away our lives and our weapons, and little else; and for our lands, thou seest this Vale in the howling wilderness and how narrow and poor it is, though it hath been the nurse of warriors in time past.
‘Hearken! Time long ago came the kindred of the Wolf to these Mountains of the World; and they were in a pass in the stony maze and the utter wilderness of the Mountains, and the foe was behind them in numbers not to be borne up against. And so it befell that the pass forked, and there were two ways before our Folk; and one part of them would take the way to the north and the other the way to the south; and they could not agree which way the whole Folk should take. So they sundered into two companies, and one took one way and one another. Now as to those who fared by the southern road, we knew not what befell them, nor for long and long had we any tale of them.
‘But we who took the northern road, we happened on this Vale amidst the wilderness, and we were weary of fleeing from the over-mastering foe; and the dale seemed enough, and a refuge, and a place to dwell in, and no man was there before us, and few were like to find it, and we were but a few. So we dwelt here in this Vale for as wild as it is, the place where the sun shineth never in the winter, and scant is the summer sunshine therein. Here we raised a Doom-ring and builded us a Hall, wherein thou now sittest beside me, O friend, and we dwelt here many seasons.
‘We had a few sheep in the wilderness, and a few neat fed down the grass of the Vale; and we found gems and copper in the rocks about us wherewith at whiles to chaffer with the aliens, and fish we drew from our river the Shivering Flood. Also it is not to be hidden that in those days we did not spare to lift the goods of men; yea, whiles would our warriors fare down unto the edges of the Plain and lie in wait there till the time served, and then drive the spoil from under the very walls of the Cities. Our men were not little-hearted, nor did our women lament the death of warriors over-much, for they were there to bear more warriors to the Folk.
‘But the seasons passed, and the Folk multiplied in Shadowy Vale, and livelihood seemed like to fail them, and needs must they seek wider lands. So by ways which thou wilt one day wot of, we came into a valley that lieth north-west of Shadowy Vale: a land like thine of Burgdale, or better; wide it was, plenteous of grass and trees, well watered, full of all things that man can desire.
‘Were there men before us in this Dale? sayest thou. Yea, but not very many, and they feeble in battle, weak of heart, though strong of body. These, when they saw the Sons of the Wolf with weapons in their hands, felt themselves puny before us, and their hearts failed them; and they came to us with gifts, and offered to share the Dale between them and us, for they said there was enough for both folks. So we took their offer and became their friends; and some of our Houses wedded wives of the strangers, and gave them their women to wife. Therein they did amiss; for the blended Folk as the generations passed became softer than our blood, and many were untrusty and greedy and tyrannous, and the days of the whoredom fell upon us, and when we deemed ourselves the mightiest then were we the nearest to our fall. But the House whereof I am would never wed with these Westlanders, and other Houses there were who had affinity with us who chiefly wedded with us of the Wolf, and their fathers had come with ours into that fruitful Dale; and these were called the Red Hand, and the Silver Arm, and the Golden Bushel, and the Ragged Sword. Thou hast heard those names once before, friend?’
‘Yea,’ he said, and as he spoke the picture of that other day came back to him, and he called to mind all that he had said, and his happiness of that hour seemed the more and the sweeter for that memory.
She went on: ‘Fair and goodly is that Dale as mine own eyes have seen, and plentiful of all things, and up in its mountains to the east are caves and pits whence silver is digged abundantly; therefore is the Dale called Silver-dale. Hast thou heard thereof, my friend?’
‘Nay,’ said Face-of-god, ‘though I have marvelled whence ye gat such foison of silver.’
He looked on her and marvelled, for now she seemed as if it were another woman: her eyes were gleaming bright, her lips were parted; there was a bright red flush on the pommels of her two cheeks as she spake again and said: