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Updated: June 14, 2025
As ornaments you shall serve, bearing witness to this day; these baubles shall remind me that in combat I slew Fafner, but failed still to learn fear!" He places the ring on his finger and the Tarnhelm at his belt. In the silence that falls, he listens again for the voice of the bird. It suddenly drops from the tree-top: "Hei! Siegfried possesses the Tarnhelm and Ring!
"My promise then stands in bad case, which I made to the Rhine-daughters when they turned to me in their trouble." Wotan, with the coldness of the Pharisee's "Look thou to that," replies, "Your promise does not bind me. The ring, my capture, I shall keep." "But you will have to lay it down with the ransom," Fafner insists.
The heroes are children of the gods, but also mingled with a mortal strain; they are destined to become at last the highest race of all, and to succeed the gods in the government of the world. The principal gods are Wotan, Loki, Donner, and Froh. The chief giants are Fafner and Fasolt, brothers. The chief dwarfs are Alberich and Mime, brothers, and later Hagan, son of Alberich.
The heroes are children of the gods, but also mingled with a mortal strain; they are destined to become at last the highest race of all, and to succeed the gods in the government of the world. The principal gods are Wotan, Loki, Donner, and Froh. The chief giants are Fafner and Fasolt, brothers. The chief dwarfs are Alberich and Mime, brothers, and later Hagan, son of Alberich.
He files the fragments into dust and throws it into the crucible, which he places on the fire of the forge. As he sings at his work Mime cogitates how he shall thwart his plans and get possession of the sword. He plots to have him kill Fafner, the giant, who has changed himself into a dragon, for the more effectual custody of the Rhine-treasure and the ring.
With sudden resolve at last he tosses the ring with the rest of the treasure, and turns heart-wholly to greet Freia returning among them, bringing back their lost youth. While the gods are expressing tender rapture over the restoration of Freia, and she goes from one to the other receiving their caresses, Fafner spreads open a gigantic sack and in this is briskly stuffing the gold.
For many years Fafner had heard of this lump of gold. So he listened to all that Loki told. Then he asked: "Why does Alberich want the gold?" "Because," replied Loki, "the gold can be made into a magic ring; if the one who would make the ring will forever give up all love, the magic ring will make its owner master of the whole wide world.
As the second Norn took the thread in her worn hands, she crooned a sorrowful song about the present. She sang of Alberich and the stolen gold. Of the love that he had given up in order to make the ring. She sang of Wotan and how he grasped the ring and carried it into the world, bringing with it Alberich's curse. Then she told of Fafner. Mournfully she sang:
Fafner is a bad giant and his hair and furs are black. He is much cleverer than his brother. They carry as walking-sticks the trunks of trees. They make it known that they have come for their wages. Wotan bids them, with a sturdy aplomb worthy of his godhead, state their wishes. What shall the wages be? Fasolt, a shade astonished, replies, "That, of course, which we settled upon.
Wotan refuses to give up the ring until warned by the goddess Erda, the mother of the Fates, who rises from her subterranean cavern, that to keep it means ruin. The ring passes to the giants, and the curse at once begins to work. Fafner slays Fasolt in a quarrel for the gold, and carries off the treasure alone. Throughout this scene the clouds have been gathering round the mountain-top.
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