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History records how foully the Countess of Shrewsbury betrayed the trust, which Essex, in his utmost need, confided to her. She kept the ring, and stood in the presence of Elizabeth, that night, without one attempt to soften her stern hereditary temper in behalf of the former favorite. The next day the earl’s noble head rolled upon the scaffold. On her death-bed, tortured, at last, with a sense of the dreadful guilt which she had taken upon her soul, the wicked countess sent for Elizabeth, revealed the story of the ring, and besought forgiveness for her treachery. But the queen, still obdurate, even while remorse for past obduracy was tugging at her heart-strings, shook the dying woman in her bed, as if struggling with death for the privilege of wreaking her revenge and spite. The spirit of the countess passed away, to undergo the justice, or receive the mercy, of a higher tribunal; and tradition says, that the fatal ring was found upon her breast, where it had imprinted a dark red circle, resembling the effect of the intensest heat. The attendants, who prepared the body for burial, shuddered, whispering one to another, that the ring must have derived its heat from the glow of infernal fire. They left it on her breast, in the coffin, and it went with that guilty woman to the tomb.

Many years afterward, when the church, that contained the monuments of the Shrewsbury family, was desecrated by Cromwell’s soldiers, they broke open the ancestral vaults, and stole whatever was valuable from the noble personages who reposed there. Merlin’s antique ring passed into the possession of a stout sergeant of the Ironsides, who thus became subject to the influences of the evil spirit that still kept his abode within the gem’s enchanted depths. The sergeant was soon slain in battle, thus transmitting the ring, though without any legal form of testament, to a gay cavalier, who forthwith pawned it, and expended the money in liquor, which speedily brought him to the grave. We next catch the sparkle of the magic diamond at various epochs of the merry reign of Charles the Second. But its sinister fortune still attended it. From whatever hand this ring of portent came, and whatever finger it encircled, ever it was the pledge of deceit between man and man, or man and woman, of faithless vows, and unhallowed passion; and whether to lords and ladies, or to village-maids,–for sometimes it found its way so low,–still it brought nothing but sorrow and disgrace. No purifying deed was done, to drive the fiend from his bright home in this little star. Again, we hear of it at a later period, when Sir Robert Walpole bestowed the ring, among far richer jewels, on the lady of a British legislator, whose political honor he wished to undermine. Many a dismal and unhappy tale might be wrought out of its other adventures. All this while, its ominous tinge of dusky red had been deepening and darkening, until, if laid upon white paper, it cast the mingled hue of night and blood, strangely illuminated with scintillating light, in a circle round about. But this peculiarity only made it the more valuable.

Alas, the fatal ring! When shall its dark secret be discovered, and the doom of ill, inherited from one possessor to another, be finally revoked?

The legend now crosses the Atlantic, and comes down to our own immediate time. In a certain church of our city, not many evenings ago, there was a contribution for a charitable object. A fervid preacher had poured out his whole soul in a rich and tender discourse, which had at least excited the tears, and perhaps the more effectual sympathy, of a numerous audience. While the choristers sang sweetly, and the organ poured forth its melodious thunder, the deacons passed up and down the aisles, and along the galleries, presenting their mahogany boxes, in which each person deposited whatever sum he deemed it safe to lend to the Lord, in aid of human wretchedness. Charity became audible,–chink, chink, chink,–as it fell, drop by drop, into the common receptacle. There was a hum,–a stir,–the subdued bustle of people putting their hands into their pockets; while, ever and anon, a vagrant coin fell upon the floor, and rolled away, with long reverberation, into some inscrutable corner.