Note 16 — The Lay of Völund
Henry Adams Bellows translation
The manuscript definitely assigns this stanza to Völund, but many editors give the first two lines to Nithuth. In the manuscript stanza 16 is followed by the two lines of stanza 2, and many editions make of lines 3–4 of stanza 16 and stanza 2 a single speech by Völund. Grani’s way: Grani was Sigurth’s horse, on which he rode to slay Fafnir and win Andvari’s hoard; this and the reference to the Rhine as the home of wealth betray the southern source of the story. If lines 1–2 belong to Völund, they mean that Nithuth got his wealth in the Rhine country, and that Völund’s hoard has nothing to do with it; if the speaker is Nithuth, they mean that Völund presumably has not killed a dragon, and that he is far from the wealth of the Rhine, so that he must have stolen his treasure from Nithuth himself.