Once upon a time, an old blacksmith lived in an old forge at Craig-y-don. He used to drink a great deal of beer. One night he was coming home from an alehouse, very tipsy. As he got near a small stream, a lot of little men suddenly sprang up from the rocks and one of them came up to him and said, “If you don’t alter your ways of living, you’ll die soon; but if you behave better and become a better man, you’ll find it will be to your benefit,” and they all disappeared as quickly as they had come.
The old blacksmith thought a good deal about what they had told him. He left off drinking, and became a sober steady man. One day, a few months after meeting the little people, a strange man brought a horse to be shod. Nobody knew either the horse or the man. The old blacksmith tied the horse to a hole in the lip of a cauldron that he had built in some masonry. The horse ran away with its master. When the old blacksmith came, he found three brass kettles full of money.