The Emperor turned his face and gazed searchingly down at the jewels, which floated in bright clear radiance on the waters of the Rhine.

"Thou askest a thing impossible, O Queen," he said at length; "knowest thou not the limits which debar spirits from the deeds of mortals? It is only a guiltless, living, human hand which may change the sentence that hangs over them. But the Nibelungen treasure has long since been forgotten. Yet look! Thou no longer seest the jewels in the full size of olden days. Wave after wave has gnawed at them; the waters have worked unceasingly through long centuries at this tedious task. See how the ornaments on the bracelets and crowns have shrunk, and how slender the links of the chains have become. The Rhine has taken the gold of thy treasure, and with it fertilised the blooming meadows on its banks. Nightly the gold set free rises in light mists above the stream and sinks in blessing on mountain and valley, and when autumn comes thy gold gleams in every cluster, ripens in every ear of corn. Freer, stronger, more joyous are the people of these meadows--and that is the blessing of the Nibelungen treasure, which rests unseen in earth and air and water--thus will the guilt and tears be done away with which once lay heavy on this hoard. Then have patience, O Queen, for a few short years--then thou wilt search in vain for thy treasure. Meantime other ministries are thine."

The Emperor bowed his head in courteous farewell, and sailed on his magic boat up the moonlit stream.

Kriemhild gazed after him. The emerald in the point of the shield flashed brightly in the moonlight, and the wide purple mantle fluttered above the gleaming waves. The Emperor blessed the vineyards as he passed; and when the last glimmer of his crown grew pale and the veil of night concealed him, the Queen once more looked at the gold hoard at her feet. The dead Emperor had spoken truly; her eyes now perceived it too; so she could wait in patience till the last crown, the last gold bar, had melted in the sparkling river.

The treasure's time of freedom was passed; no delivering hand had come. The jewels slowly shrank together round the foot of the Loreley and fell into their watery bed. Their splendour was extinguished; still and dark the river flowed. Then Kriemhild turned and ascended the rock. She gave one long farewell look at the meadows of her former home, and then vanished like a mist in the distance.

Again centuries have passed. Kriemhild no longer hovers round the Loreley, for the Nibelungen treasure has melted 

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