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On she went over the moonlit meadow, turning and looking back now and again at the great Svadilfare, who came heavily after her. Down the mountainside the mare went, and Svadilfare, who now rejoiced in his liberty and in the freshness of the wind and in the smell of the flowers, still followed her. With the morning's light they came near a cave and the little mare went into it.

They went through the cave. Then Svadilfare caught up on the little mare and the two went wandering together, the little mare telling Svadilfare stories of the Dwarfs and the Elves. They came to a grove and they stayed together in it, the little mare playing so nicely with him that the great horse forgot all about time passing.

And while they were in the grove the Giant was going up and down, searching for his great horse. He had come to the wall in the morning, expecting to put the stone over the gateway and so finish his work. But the stone that was to be lifted up was not near him. He called for Svadilfare, but his great horse did not come.

He went to search for him, and he searched all down the mountainside and he searched as far across the earth as the realm of the Giants. But he did not find Svadilfare. The Gods saw the first day of Summer come and the gateway of the wall stand unfinished.

"Because you have to work night and day for your master," said the little mare. "He keeps you working, working, working, and never lets you enjoy yourself. You dare not leave that stone down and come and play with me." "Who told you I dare not do it?" said Svadilfare. "I know you daren't do it," said the little mare, and she kicked up her heels and ran across the moonlit meadow.

And the Giant, before he went to sleep, bade his horse haul up a great block of stone so that they might put it above the gateway in the morning, and so finish the work two full days before Summer. It happened to be a beautiful moonlit night. Svadilfare, the Giant's great horse, was hauling the largest stone he ever hauled when he saw a little mare come galloping toward him.

The great horse had never seen so pretty a little mare and he looked at her with surprise. "Svadilfare, slave," said the little mare to him and went frisking past. Svadilfare put down the stone he was hauling and called to the little mare. She came back to him. "Why do you call me 'Svadilfare, slave'?" said the great horse.

He told the Gods how he had transformed himself into a little mare and had led away Svadilfare, the Giant's great horse. And the Gods sat in their golden palaces behind the great wall and rejoiced that their City was now secure, and that no enemy could ever enter it or overthrow it.

Now the truth is that Svadilfare was tired of working day and night. When he saw the little mare go galloping off he became suddenly discontented. He left the stone he was hauling on the ground. He looked round and he saw the little mare looking back at him. He galloped after her. He did not catch up on the little mare. She went on swiftly before him.