The statue was dressed like a queen: she wore a golden crown on her head, and upon her body hung golden robes, set with diamonds and emeralds and rubies and sapphires and pearls and all sorts of precious stones.

As for the face of the statue, white paper and black ink could not tell you how beautiful it was.

When Selim looked at it, it made his heart stand still in his breast, it was so beautiful.

The six men brought Selim up in front of the statue, and then a voice came as though from the vaulted roof: “Selim! Selim! Selim!” it said, “what art thou doing? Today is feasting and drinking and merry-making, but beware of tomorrow!”

As soon as these words were ended the six men marched King Selim back whence they had brought him; there they left him and passed out one by one as they had first come in, and the door shut to behind them.

Then in an instant the lights flashed out again, the music began to play and the people began to talk and laugh, and King Selim thought that maybe all that had just passed was only a bit of an ugly dream after all.

So that is the way King Selim the Baker began to reign, and that is the way he continued to reign. All day was feasting and drinking and making merry and music and laughing and talking. But every night at midnight the same thing happened: the lights went out, all the people began wailing and crying, and the six tall, terrible men came with flashing torches and marched King Selim away to the beautiful statue. And every night the same voice said—“Selim! Selim! Selim! What art thou doing? Today is feasting and drinking and merry-making, but beware of tomorrow!”

So things went on for a twelvemonth, and at last came the end of the year. That day and night the merry-making was merrier and wilder and madder than it had ever been before, but the great clock in the tower went on—tick, tock! tick, tock!—and by and by it came midnight. Then, as it always happened before, the lights went out, and all was as black as ink. But this time there was no wailing and crying out, but everything as silent as death; the door opened slowly, and in came, not six men as before, but nine men as silent as death, dressed all in flaming red, and the torches they carried burned as red as blood. They took King Selim by the arms, just as the six men had done, and marched him through the same entries and passageways, and so came at last to the same vaulted room. There stood the statue, but now it was turned to flesh and blood, and the eyes were open and looking straight at Selim the Baker.

“Art thou Selim?” said she; and she pointed her finger straight at him.

“Yes, I am Selim,” said he.

“And dost thou wear the gold ring with the red stone?” said she.

“Yes,” said he; “I have it on my finger.”

“And dost thou wear the iron ring?”

“No,” said he; “I gave that to Selim the Fisherman.”

The words had hardly left his lips when the statue gave a great cry and clapped her hands together. In an instant an echoing cry sounded all over the town—a shriek fit to split the ears.

The next moment there came another sound—a sound like thunder—above and below and everywhere. The earth began to shake and to rock, and the houses began to topple and fall, and the people began to scream and to yell and to shout, and the waters of the sea began to lash and to roar, and the wind began to bellow and howl. Then it was a good thing for King Selim that he wore Luck’s Ring; for, though all the beautiful snow-white palace about him and above him began to crumble to pieces like slaked lime, the sticks and the stones and the beams to fall this side of him and that, he crawled out from under it without a scratch or a bruise, like a rat out of a cellar.

That is what Luck’s Ring did for him.

But his troubles were not over yet; for, just as he came out from under all the ruin, the island began to sink down into the water, carrying everything along with it—that is, everything but him and one thing else. That one other thing was an empty boat, and King Selim climbed into it, and nothing else saved him from drowning. It was Luck’s Ring that did that for him also.

The boat floated on and on until it came to another island that was just like the island he had left, only that there was neither tree nor blade of grass nor hide nor hair nor living thing of any kind. Nevertheless, it was an island just like the other: a high mountain and nothing else. There Selim the Baker went ashore, and there he would have starved to death only for Luck’s Ring; for one day a boat came sailing by, and when poor Selim shouted, those aboard heard him and came and took him off. How they all stared to see his golden crown—for he still wore it—and his robes of silk and satin and the gold and jewels!

Before they would consent to carry him away, they made him give up all the fine things he had. Then they took him home again to the town whence he had first come, just as poor as when he had started. Back he went to his bake-shop and his ovens, and the first thing he did was to take off his gold ring and put it on the shelf.

“If that is the ring of good luck,” said he, “I do not want to wear the like of it.”

That is the way with mortal man: for one has to have the Ring of Wisdom as well, to turn the Ring of Luck to good account.

And now for Selim the Fisherman.

Well, thus it happened to him. For a while he carried the iron ring around in his pocket—just as so many of us do—without thinking to put it on. But one day he slipped it on his finger—and that is what we do not all of us do. After that he never took it off again, and the world went smoothly with him. He was not rich, but then he was not poor; he was not merry, neither was he sad. He always had enough and was thankful for it, for I never yet knew wisdom to go begging or crying.

So he went his way and he fished his fish, and twelve months and a week or more passed by. Then one day he went past the baker shop and there sat Selim the Baker smoking his pipe of tobacco.

“So, friend,” said Selim the Fisherman, “you are back again in the old place, I see.”

“Yes,” said the other Selim; “awhile ago I was a king, and now I am nothing but a baker again. As for that gold ring with the red stone—they may say it is Luck’s Ring if they choose, but when next I wear it may I be hanged.”

Thereupon he told Selim the Fisherman the story of what had happened to him with all its ins and outs, just as I have told it to you.

“Well!” said Selim the Fisherman, “I should like to have a sight of that island myself. If you want the ring no longer, just let me have it; for maybe if I wear it something of the kind will happen to me.”

“You may have it,” said Selim the Baker. “Yonder it is, and you are welcome to it.”

So Selim the Fisherman put on the ring, and then went his way about his own business.

That night, as he came home carrying his nets over his shoulder, whom should he meet but the little old man in gray, with the white beard and the black cap on his head and the long staff in his hand.

“Is your name Selim?” said the little man, just as he had done to Selim the Baker.

“Yes,” said Selim; “it is.”

“And do you wear a gold ring with a red stone?” said the little old man, just as he had said before.

“Yes,” said Selim; “I do.”

“Then come with me,” said the little old man, “and I will show you the wonder of the world.”

Selim the Fisherman remembered all that Selim the Baker had told him, and he took no two thoughts as to what to do. Down he tumbled his nets, and away he went after the other as fast as his legs could carry him. Here they went and there they went, up crooked streets and lanes and down byways and alley-ways, until at last they came to the same garden to which Selim the Baker had been brought.