The youth then went to the King and told him that he had good hopes of subduing the Dragon, if the King would grant him all he desired for the purpose. The King willingly agreed, and the iron horse, the great spear, and the chains were all prepared as the youth requested. When all was ready, it was found that the iron horse was so heavy that a hundred men could not move it from the spot, so the youth found there was nothing for it but to move it with his own strength by means of the magic ring. The Dragon was now so near that in a couple of springs he would be over the frontier. The youth now began to consider how he should act, for if he had to push the iron horse from behind he could not ride upon it as the sorcerer had said he must. But a raven unexpectedly gave him this advice: 'Ride upon the horse, and push the spear against the ground, as if you were pushing off a boat from the land.' The youth did so, and found that in this way he could easily move forwards. The Dragon had his monstrous jaws wide open, all ready for his expected prey. A few paces nearer, and man and horse would have been swallowed up by them! The youth trembled with horror, and his blood ran cold, yet he did not lose his courage; but, holding the iron spear upright in his hand, he brought it down with all his might right through the monster's lower jaw. Then quick as lightning he sprang from his horse before the Dragon had time to shut his mouth. A fearful clap like thunder, which could be heard for miles around, now warned him that the Dragon's jaws had closed upon the spear. When the youth turned round he saw the point of the spear sticking up high above the Dragon's upper jaw, and knew that the other end must be fastened firmly to the ground; but the Dragon had got his teeth fixed in the iron horse, which was now useless. The youth now hastened to fasten down the chains to the ground by means of the enormous iron pegs which he had provided. The death struggle of the monster lasted three days and three nights; in his writhing he beat his tail so violently against the ground, that at ten miles' distance the earth trembled as if with an earthquake. When he at length lost power to move his tail, the youth with the help of the ring took up a stone which twenty ordinary men could not have moved, and beat the Dragon so hard about the head with it that very soon the monster lay lifeless before him.

You can fancy how great was the rejoicing when the news was spread abroad that the terrible monster was dead. His conqueror was received into the city with as much pomp as if he had been the mightiest of kings. The old King did not need to urge his daughter to marry the slayer of the Dragon; he found her already willing to bestow her hand upon this hero, who had done all alone what whole armies had tried in vain to do. In a few days a magnificent wedding was celebrated, at which the rejoicings lasted four whole weeks, for all the neighbouring kings had met together to thank the man who had freed the world from their common enemy. But everyone forgot amid the general joy that they ought to have buried the Dragon's monstrous body, for it began now to have such a bad smell that no one could live in the neighbourhood, and before long the whole air was poisoned, and a pestilence broke out which destroyed many hundreds of people. In this distress, the King's son–in–law resolved to seek help once more from the Eastern magician, to whom he at once travelled through the air like a bird by the help of the ring. But there is a proverb which says that ill–gotten gains never prosper, and the Prince found that the stolen ring brought him ill–luck after all. The Witch–maiden had never rested night nor day until she had found out where the ring was. As soon as she had discovered by means of magical arts that the Prince in the form of a bird was on his way to the Eastern magician, she changed herself into an eagle and watched in the air until the bird she was waiting for came in sight, for she knew him at once by the ring which was hung round his neck by a ribbon. Then the eagle pounced upon the bird, and the moment she seized him in her talons she tore the ring from his neck before the man in bird's shape had time to prevent her. Then the eagle flew down to the earth with her prey, and the two stood face to face once more in human form.

'Now, villain, you are in my power!' cried the Witch–maiden. 'I favoured you with my love, and you repaid me with treachery and theft. You stole my most precious jewel from me, and do you expect to live happily as the King's son–in–law? Now the tables are turned; you are in my power, and I will be revenged on you for your crimes.'

'Forgive me! forgive me!' cried the Prince; 'I know too well how deeply I have wronged you, and most heartily do I repent it.'

The maiden answered, 'Your prayers and your repentance come too late, and if I were to spare you everyone would think me a fool. You have doubly wronged me; first you scorned my love, and then you stole my ring, and you must bear the punishment.'

With these words she put the ring upon her left thumb, lifted the young man with one hand, and walked away with him under her arm. This time she did not take him to a splendid palace, but to a deep cave in a rock, where there were chains hanging from the wall. The maiden now chained the young man's hands and feet so that he could not escape; then she said in an angry voice, 'Here you shall remain chained up until you die. I will bring you every day enough food to prevent you dying of hunger, but you need never hope for freedom any more.' With these words she left him.

The old King and his daughter waited anxiously for many weeks for the Prince's return, but no news of him arrived.