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The silver armour of herself and her steed dazzled the eyes of the people as she darted past. She was soon out of sight, and if after a few miles she had not pulled up to allow her escort to join her, the rest of the journey would have been performed alone.

But though none of his daughters were aware of the fact, the old emperor was a magician, and had laid his plans accordingly. He managed, unseen, to overtake his daughter, and throw a bridge of copper over a stream which she would have to cross. Then, changing himself into a wolf, he lay down under one of the arches, and waited.

He had chosen his time well, and in about half an hour the sound of a horse’s hoofs was heard. His feet were almost on the bridge, when a big grey wolf with grinning teeth appeared before the princess. With a deep growl that froze the blood, he drew himself up, and prepared to spring.

The appearance of the wolf was so sudden and so unexpected, that the girl was almost paralysed, and never even dreamt of flight, till the horse leaped violently to one side. Then she turned him round, and urging him to his fullest speed, never drew rein till she saw the gates of the palace rising before her.

The old emperor, who had got back long since, came to the door to meet her, and touching her shining armour, he said, ‘Did I not tell you, my child, that flies do not make honey?’

The days passed on, and one morning the second princess implored her father to allow her to try the adventure in which her sister had made such a failure. He listened unwillingly, feeling sure it was no use, but she begged so hard that in the end he consented, and having chosen her arms, she rode away.

But though, unlike her sister, she was quite prepared for the appearance of the wolf when she reached the copper bridge, she showed no greater courage, and galloped home as fast as her horse could carry her. On the steps of the castle her father was standing, and as still trembling with fright she knelt at his feet, he said gently, ‘Did I not tell you, my child, that every bird is not caught in a net?’

The three girls stayed quietly in the palace for a little while, embroidering, spinning, weaving, and tending their birds and flowers, when early one morning, the youngest princess entered the door of the emperor’s private apartments. ‘My father, it is my turn now. Perhaps I shall get the better of that wolf!’

‘What, do you think you are braver than your sisters, vain little one? You who have hardly left your long clothes behind you!’ but she did not mind being laughed at, and answered,

‘For your sake, father, I would cut the devil himself into small bits, or even become a devil myself. I think I shall succeed, but if I fail, I shall come home without more shame than my sisters.’

Still the emperor hesitated, but the girl petted and coaxed him till at last he said,

‘Well, well, if you must go, you must. It remains to be seen what I shall get by it, except perhaps a good laugh when I see you come back with your head bent and your eyes on the ground.’

‘He laughs best who laughs last,’ said the princess.

Happy at having got her way, the princess decided that the first thing to be done was to find some old white-haired boyard, whose advice she could trust, and then to be very careful in choosing her horse. So she went straight to the stables where the most beautiful horses in the empire were feeding in the stalls, but none of them seemed quite what she wanted. Almost in despair she reached the last box of all, which was occupied by her father’s ancient war-horse, old and worn like himself, stretched sadly out on the straw.