The ‘slumbering Serpent’ is
The ‘shadowy ship’ is Naglfar, made of dead men’s nails.
13 Frey
The ‘deep Dragon’ is the Serpent of Midgard: see note on stanza 12.
I ANDVARA- GULL (Andvari’s Gold)
For the story in §I of the Lay of the Volsungs the sources are the Eddaic poem known as
Apart from this,
It is told that three of the ?sir, Odin, H?nir, and Loki, went out into the world, and they came to a waterfall known as the Falls of Andvari, Andvari being the name of a dwarf who fished there in the form of a pike (Snorri says nothing of Andvari at this point). At that place there was an otter that had caught a salmon, and was eating it on the river bank; but Loki hurled a stone at the otter and killed it. Then the ?sir took up the salmon and the otter and went on their way until they came to the house of a certain Hreidmar. Snorri describes him as a farmer, a man of substance, greatly skilled in magic; in the Saga he is simply an important and wealthy man; whereas in the headnote to this section of the Lay he is ‘a demon’.
The ?sir asked Hreidmar for lodging for the night, saying that they had enough food with them, and they showed Hreidmar their catch; but the otter was Hreidmar’s son Otr, who took the form of an otter when he was fishing (the name
Here the prose versions separate. According to Snorri (who had not previously mentioned Andvari) Odin now sent Loki to Svartalfaheim, the Land of the Dark Elves; it was there that he found the dwarf Andvari who was ‘as a fish in the water’, and Loki caught him in his hands. In the Saga, on the other hand, Loki’s errand was to seek out Ran, the wife of the sea-god ?gir, and get from her the net with which she drew down men drowning in the sea; and with that net he captured the dwarf Andvari, who was fishing in his falls in the form of a pike. This is the story that my father followed (stanza 7).
Andvari ransomed himself with his hoard of gold, attempting to keep back a single little gold ring; but Loki saw it and took it from him (stanza 9). In Snorri’s account only, Andvari begged to keep the ring because with it he could multiply wealth for himself, but Loki said that he should not have one penny left.
Andvari declared that the ring would be the death of any who possessed it, or any of the gold. According to Snorri, ‘Loki said that this seemed very well to him, and he said that this condition should hold good, provided that he himself declared it in the ears of those who should receive the ring.’ Then Loki returned to Hreidmar’s house, and when Odin saw the ring he desired it, and took it away from the treasure. The otter-skin was filled and covered with the gold of Andvari, but Hreidmar looking at it very closely saw a whisker, and demanded that they should cover that also. Then Odin drew out Andvari’s ring (
An important difference between the two prose versions is that Snorri began his account of the Volsung legend with ‘Andvari’s Gold’, whereas in the Saga this story is introduced much later, and becomes a story told by Regin (son of Hreidmar) to Sigurd before his attack on the dragon. But although my father followed Snorri in this, he nonetheless followed the Saga in giving a brief retelling of ‘Andvari’s Gold’ by Regin to Sigurd in the fifth section of the poem, with a number of verse-lines repeated from their first occurrence (see V.7–11).
1 Of all the Northern divinities
‘Also counted among the ?sir is Loki, whom some call the mischief-maker of the ?sir, the first father of lies, and the blemish of all gods and men. Loki is handsome and fair of face but evil in his disposition and fickle in his conduct. He excels all others in that cleverness which is called cunning, and he has wiles for every circumstance. Over and over again he has brought the gods into great trouble, but often got them out of it by his guile.’
In this stanza he is called ‘lightfooted Loki’, and in Snorri’s version of the story of Andvari’s Gold it is said, as already noted, that after the payment of the ransom to Hreidmar Odin took up his spear ‘and Loki his shoes’. Elsewhere Snorri wrote of ‘those shoes with which Loki ran through air and over water’.
Of the god
6 Asgard is the realm of the Gods (?sir).
7 Ran: the wife of the sea-god ?gir; see p.189.
8 ‘I bid thee’: I offer thee.
13–15 In these concluding stanzas the references to the hope of Odin, and Odin’s choice, have of course no counterparts in the Norse texts.
II SIGNY
This is a rendering in verse of elements of the narrative of the earlier chapters of the