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And in the very midst of their talk, a tall figure stepped from the shadows. He was drenched with water, his black hair hung wet over his face and shoulders, and a fierce light was in his eyes.

“Bard is not lost!” he cried. “He dived from Esgaroth, when the enemy was slain. I am Bard, of the line of Girion; I am the slayer of the dragon!” “King Bard! King Bard!” they shouted; but the Master ground his chattering teeth.

“Girion was lord of Dale, not king of Esgaroth,” he said. “In the Lake-town we have always elected masters from among the old and wise, and have not endured the rule of mere fighting men. Let ‘King Bard’ go back to his own kingdom-Dale is now freed by his valour, and nothing binders his return. And any that wish can go with him, if they prefer the cold shores under the shadow of the Mountain to the green shores of the lake. The wise will stay here and hope to rebuild our town, and enjoy again in time its peace and riches.” “We will have King Bard!” the people near at hand shouted in reply. “We have had enough of the old men and the money-counters!” And people further off took up the cry: “Up the Bowman, and down with Moneybags,” till the clamour echoed along the shore.

“I am the last man to undervalue Bard the Bowman,” said the Master warily (for Bard now stood close beside him). “He has tonight earned an eminent place in the roll of the benefactors of our town; and he is worthy of many imperishable songs. But, why O People?”-and here the Master rose to his feet and spoke very loud and clear — “why do I get all your blame? For what fault am I to be deposed? Who aroused the dragon from his slumber, I might ask? Who obtained of us rich gifts and ample help, and led us to believe that old songs could come true? Who played on our soft hearts and our pleasant fancies? What sort of gold have they sent down the river to reward us? Dragon-fire and ruin! From whom should we claim the recompense of our damage, and aid for our widows and orphans?”

As you see, the Master had not got his position for nothing. The result of his words was that for the moment the people quite forgot their idea of a new king, and turned their angry thoughts towards Thorin and his company. Wild and bitter words were shouted from many sides; and some of those who had before sung the old songs loudest, were now heard as loudly crying that the dwarves had stirred the dragon up against them deliberately! “Fools!” said Bard. “Why waste words and wrath on those unhappy creatures? Doubtless they perished first in fire, before Smaug came to us.” Then even as he was speaking, the thought came into his heart of the fabled treasure of the Mountain lying without guard or owner, and he fell suddenly silent. He thought of the Master’s words, and of Dale rebuilt, and filled with golden bells, if he could but find the men.





At length he spoke again: “This is no time for angry words. Master, or for considering weighty plans of change. There is work to do. I serve you still-though after a while I may think again of your words and go North with any that will follow me.”

Then he strode off to help in the ordering of the camps and in the care of the sick and the wounded. But the Master scowled at his back as he went, and remained sitting on the ground. He thought much but said little, unless it was to call loudly for men to bring him fire and food. Now everywhere Bard went he found talk ru

“That will be the last we shall hear of Thorin Oakenshield, I fear,” said the king. “He would have done better to have remained my guest. It is an ill wind, all the same,” he added, “that blows no one any good.” For he too had not forgotten the legend of the wealth of Thror. So it was that Bard’s messengers found him now marching with many spearmen and bowmen; and crows were gathered thick, above him, for they thought that war was awakening again, such as had not been in those parts for a long age. But the king, when he received the prayers of Bard, had pity, for he was the lord of a good and kindly people; so turning his march, which had at first been direct towards the Mountain, he hastened now down the river to the Long Lake. He had not boats or rafts enough for his host, and they were forced to go the slower way by foot; but great store of goods he sent ahead by water. Still elves are light-footed, and though they were not in these days much used to the marches and the treacherous lands between the Forest and the Lake, their going was swift. Only five days after the death of the dragon they came upon the shores and looked on the ruins of the town. Their welcome was good, as may be expected, and the men and their Master were ready to make any bargain for the future in return for the Elvenking’s aid.

Their plans were soon made. With the women and the children, the old and the unfit, the Master remained behind; and with him were some men of crafts and many skilled elves; and they busied themselves felling trees, and collecting the timber sent down from the Forest. Then they set about raising many huts by the shore against the oncoming winter; and also under the Master’s direction they began the pla