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At the farther end was a golden throne, and upon it sat a lady more lovely and beautiful than a dream, her eyes as bright as diamonds, her cheeks like rose leaves, and her hair like spun gold. She came half-way down the steps of the throne to welcome the magician, and when the two met they kissed one another before all those who were looking on. Then she brought him to the throne and seated him beside her, and there they talked for a long time very earnestly.

Nobody said a word to the fisherman, who stood staring about him like an owl. “I wonder,” said he to himself at last, “if they will give a body a bite to eat by-and-by?” for, to tell the truth, the good supper that he had come away from at home had left a sharp hunger gnawing at his insides, and he longed for something good and warm to fill the empty place. But time passed, and not so much as a crust of bread was brought to stay his stomach.

By-and-by the clock struck twelve, and then the two who sat upon the throne arose. The beautiful lady took the magician by the hand, and, turning to those who stood around, said, in a loud voice, “Behold him who alone is worthy to possess the jewel of jewels! Unto him do I give it, and with it all power of powers!” Thereon she opened a golden casket that stood beside her, and brought thence a little crystal ball, about as big as a pigeon’s egg, in which was something that glistened like a spark of fire. The magician took the crystal ball and thrust it into his bosom; but what it was the fisherman could not guess, and if you do not know I shall not tell you.

Then for the first time the beautiful lady seemed to notice the fisherman. She beckoned him, and when he stood beside her two men came carrying a chest. The chief treasurer opened it, and it was full of bags of gold money. “How will you have it?” said the beautiful lady.

“Have what?” said the fisherman.

“Have the pay for your labor?” said the beautiful lady.

“I will,” said the fisherman, promptly, “take it in my hat.”

“So be it,” said the beautiful lady. She waved her hand, and the chief treasurer took a bag from the chest, untied it, and emptied a cataract of gold into the fur cap. The fisherman had never seen so much wealth in all his life before, and he stood like a man turned to stone.

“Is this all mine?” said the fisherman.

“It is,” said the beautiful lady.

“Then God bless your pretty eyes,” said the fisherman.

Then the magician kissed the beautiful lady, and, beckoning to the fisherman, left the throne-room the same way that they had come. The noblemen, in silks and satins and velvets, marched ahead, and back they went through the other apartments, until at last they came to the door.

Out they stepped, and then what do you suppose happened?

If the wonderful palace had grown like a bubble, like a bubble it vanished. There the two stood on the sea-shore, with nothing to be seen but rocks and sand and water, and the starry sky overhead.

The fisherman shook his cap of gold, and it jingled and tinkled, and was as heavy as lead. If it was not all a dream, he was rich for life. “But anyhow,” said he, “they might have given a body a bite to eat.”

The magician put on his red clothes and his face again, making himself as hoary and as old as before. He took out his flint and steel, and his sticks of spice-wood and his gray powder, and made a great fire and smoke just as he had done before. Then again he tied his handkerchief over the fisherman’s eyes. “Remember,” said he, “what I told you when we started upon our journey. Keep your mouth tight shut, for if you utter so much as a single word you are a lost man. Now throw your leg over what you feel and hold fast.”