There was once upon a time a miller who lived with his wife in great contentment. They had money and land, and their prosperity increased year by year more and more. But ill luck comes like a thief in the night. As their wealth had increased so did it again decrease, year by year, and at last the miller could hardly call the mill in which he lived, his own. He was in great distress, and when he lay down after his day's work, found no rest, but tossed about in his bed, sorely troubled. One morning he rose before daybreak and went out into the open air, thinking that perhaps there his heart might become lighter. As he was stepping over the mill-dam the first sunbeam was just breaking forth, and he heard a rippling sound in the pond. He turned round and perceived a beautiful woman, rising slowly out of the water. Her long hair, which she was holding off her shoulders with her soft hands, fell down on both sides, and covered her white body. He soon saw that she was the nixie of the mill-pond, and in his fright did not know whether he should run away or stay where he was. But the nixie made her sweet voice heard, called him by his name, and asked him why he was so sad. The miller was at first struck dumb, but when he heard her speak so kindly, he took heart, and told her how he had formerly lived in wealth and happiness, but that now he was so poor that he did not know what to do. Be easy, answered the nixie, I will make you richer and happier than you have ever been before, only you must promise to give me the young thing which has just been born in your house. What else can that be, thought the miller, but a puppy or a kitten, and he promised her what she desired. The nixie descended into the water again, and he hurried back to his mill, consoled and in good spirits. He had not yet reached it, when the maid-servant came out of the house and cried to him to rejoice, for his wife had given birth to a little boy. The miller stood as if struck by lightning. He saw very well that the cunning nixie had been aware of it, and had cheated him. Hanging his head, he went up to his wife's bedside and when she said, why do you not rejoice over the fine boy, he told her what had befallen him, and what kind of a promise he had given to the nixie. Of what use to me are riches and prosperity, he added, if I am to lose my child. But what can I do. Even the relatives, who had come thither to wish them joy, did not know what to say. In the meantime prosperity again returned to the miller's house. All that he undertook succeeded. It was as if presses and coffers filled themselves of their own accord, and as if money multiplied nightly in the cupboards. It was not long before his wealth was greater than it had ever been before. But he could not rejoice over it untroubled, for the bargain which he had made with the nixie tormented his soul. Whenever he passed the mill-pond, he feared she might ascend and remind him of his debt. He never let the boy himself go near the water. Beware, he said to him, if you do but touch the water, a hand will rise, seize you, and draw you down. But as year after year went by and the nixie did not show herself again, the miller began to feel at ease. The boy grew up to be a youth and was apprenticed to a huntsman. When he had learnt everything, and had become an excellent huntsman, the lord of the village took him into his service. In the village lived a beautiful and true-hearted maiden, who pleased the huntsman, and when his master perceived that, he gave him a little house, the two were married, lived peacefully and happily, and loved each other with all their hearts.
One day the huntsman was chasing a roe. And when the animal turned aside from the forest into the open country, he pursued it and at last shot it. He did not notice that he was now in the neighborhood of the dangerous mill-pond, and went, after he had disembowelled the roe, to the water, in order to wash his blood-stained hands. Scarcely, however, had he dipped them in than the nixie ascended, smilingly wound her dripping arms around him, and drew him quickly down under the waves, which closed over him. When it was evening, and the huntsman did not return home, his wife became alarmed. She went out to seek him, and as he had often told her that he had to be on his guard against the snares of the nixie, and dared not venture into the neighborhood of the mill-pond, she already suspected what had happened. She hastened to the water, and when she found his hunting-pouch lying on the shore, she could no longer have any doubt of the misfortune. Lamenting her sorrow, and wringing her hands, she called on her beloved by name, but in vain. She hurried across to the other side of the pond, and called him anew. She reviled the nixie with harsh words, but no answer greeted her. The surface of the water remained calm, only the crescent moon stared steadily back at her. The poor woman did not leave the pond. With hasty steps, she paced round and round it, without resting a moment, sometimes in silence, sometimes uttering a loud cry, sometimes sobbing softly. At last her strength came to an end, she sank down to the ground and fell into a heavy sleep. Presently a dream took possession of her.