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And there was a thought amongst all that this hoard was not to be meddled with and that some evil was joined to it. But now Odin had given the word that it was to be taken from the Dwarf. Loki set out for Andvari's cave rejoicingly. He came to the pool before the cave and he watched for a sight of Andvari. Soon he saw the pike swimming cautiously before the cave.

This mass of French gold, buried after Culloden at Loch Arkaig, in one of the most remote recesses of the Highlands, was, to the Jacobites, what the dwarf Andvari's hoard was to the Niflungs, a curse and a cause of discord.

At length my heart grew bitter because of the neglect and ingratitude of men; and the old longing for Andvari's hoard came back to me, and I forgot much of my cunning and lore. But I lived on and on, and generations of short-lived men arose and passed, and still the hoard was not mine; for I was weak, and no man was strong enough to help me.

But the dwarf shook his head, and made answer, "I have given thee all the riches that the elves of the mountain have gathered since the world began. This ring I cannot give thee, for without its help we shall never be able to gather more treasures together." And Loki grew angry at these words of the dwarf; and he seized the ring, and tore it by force from Andvari's fingers.

No other treasure in the nine worlds would be great enough to make the recompense that Hreidmar claimed. He thought upon this treasure and he thought on how it might be taken and yet he was ashamed of his thought. "Dost thou, Loki, know of Andvari's hoard?" he said. "I know of it," said Loki sharply, "and I know where it is hidden. Wilt thou, Odin, win leave for me to fetch Andvari's hoard?"

But the dwarf shook his head, and made answer, "I have given thee all the riches that the elves of the mountain have gathered since the world began. This ring I cannot give thee, for without its help we shall never be able to gather more treasures together." Loki grew very angry at these words of the dwarf; and he seized the ring, and tore it by force from Andvari's finger.

When I, Regin, the younger brother, came back in the late evening to my father's dwelling, I saw that the treasure had been carried away; and, when I beheld the dead serpent lying in its place, I knew that a part of Andvari's curse had been fulfilled. And a strange fear came over me; and I left every thing behind me, and fled from that dwelling, never more to return.