Then Sigurd answered and said: "Nought such do I look to be.
But thou, a deedless man, too much thou eggest me:
And these folk are good and trusty, and the land is lovely and sweet,
And in rest and in peace it lieth as the floor of Odin's feet:
Yet I know that the world is wide, and filled with deeds unwrought;
And for e'en such work was I fashioned, lest the songcraft come to nought,
When the harps of God-home tinkle, and the Gods are at stretch to hearken:
Lest the hosts of the Gods be scanty when their day hath begun to darken,
When the bonds of the Wolf wax thin, and Loki fretteth his chain.
And sure for the house of my fathers full oft my heart is fain,
And meseemeth I hear them talking of the day when I shall come,
And of all the burden of deeds, that my hand shall bear them home.
And so when the deed is ready, nowise the man shall lack:
But the wary foot is the surest, and the hasty oft turns back."

Then answered Regin the guileful: "The deed is ready to hand,
Yet holding my peace is the best, for well thou lovest the land;
And thou lovest thy life moreover, and the peace of thy youthful days,
And why should the full-fed feaster his hand to the rye-bread raise?
Yet they say that Sigmund begat thee and he looked to fashion a man.
Fear nought; he lieth quiet in his mound by the sea-waves wan."

So shone the eyes of Sigurd, that the shield against him hung
Cast back their light as the sunbeams; but his voice to the roof-tree rung:
"Tell me, thou Master of Masters, what deed is the deed I shall do?
Nor mock thou the son of Sigmund lest the day of his birth thou rue."

Then answered the Master of Sleight: "The deed is the righting of wrong,
And the quelling a bale and a sorrow that the world hath endured o'erlong,
And the winning a treasure untold, that shall make thee more than the kings;
Thereof is the Helm of Aweing, the wonder of earthly things,
And thereof is its very fellow, the War-coat all of gold,
That has not its like in the heavens, nor has earth of its fellow told."

Then answered Sigurd the Volsung: "How long hereof hast thou known?
And what unto thee is this treasure, that thou seemest to give as thine own?"

"Alas!" quoth the smithying master, "it is mine, yet none of mine,
Since my heart herein avails not, and my hand is frail and fine—
It is long since I first came hither to seek a man for my need;
For I saw by a glimmering light that hence would spring the deed,
And many a deed of the world: but the generations passed,
And the first of the days was as near to the end that I sought as the last;
Till I looked on thine eyes in the cradle: and now I deem through thee,
That the end of my days of waiting, and the end of my woes shall be."

Then Sigurd awhile was silent; but at last he answered and said:
"Thou shalt have thy will and the treasure, and shalt take the curse on thine head
If a curse the gold enwrappeth: but the deed will I surely do,
For today the dreams of my childhood hath bloomed in my heart anew:
And I long to look on the world and the glory of the earth
And to deal in the dealings of men, and garner the harvest of worth.
But tell me, thou Master of Masters, where lieth this measureless wealth;
Is it guarded by swords of the earl-folk, or kept by cunning and stealth?
Is it over the main sea's darkness, or beyond the mountain wall?
Or e'en in these peaceful acres anigh to the hands of all?"

Then Regin answered sweetly: "Hereof must a tale be told:
Bide sitting, thou son of Sigmund, on the heap of unwrought gold,
And hearken of wondrous matters, and of things unheard, unsaid,
And deeds of my beholding ere the first of Kings was made.

"And first ye shall know of a sooth, that I never was born of the race
Which the masters of God-home have made to cover the fair earth's face;
But I come of the Dwarfs departed; and fair was the earth whileome
Ere the short-lived thralls of the Gods amidst its dales were come:—
And how were we worse than the Gods, though maybe we lived not as long?
Yet no weight of memory maimed us; nor aught we knew of wrong.
What felt our souls of shaming, what knew our hearts of love?
We did and undid at pleasure, and repented nought thereof.
—Yea we were exceeding mighty—bear with me yet, my son;
For whiles can I scarcely think it that our days are wholly done.
And trust not thy life in my hands in the day when most I seem
Like the Dwarfs that are long departed, and most of my kindred I dream.

"So as we dwelt came tidings that the Gods amongst us were,
And the people came from Asgard: then rose up hope and fear,
And strange shapes of things went flitting betwixt the night and the eve,
And our sons waxed wild and wrathful, and our daughters learned to grieve.
Then we fell to the working of metal, and the deeps of the earth would know,
And we dealt with venom and leechcraft, and we fashioned spear and bow,
And we set the ribs to the oak-keel, and looked on the landless sea;
And the world began to be such-like as the Gods would have it to be.
In the womb of the woeful earth had they quickened the grief and the gold.