The woodcutter expressed excitement when the wood gnome showed him a golden axe.

The story happened in the forest near a river.

The woodcutter intentionally dropped his axe into the river.

The woodcutter was scared when a strange little man dressed all in green appeared.

The wood gnome offered help to the woodcutter.

The woodcutter's friend is not an honest man.

The woodcutter shouted for joy after seeing his own axe.

The wood gnome gave the woodcutter gold and silver axes as rewards for his kindness.

After receiving the axes, the woodcutter buried them underground so no one would be able to steal them from him.

A woodcutter's friend went into the river and intentionally threw his axe into the river.

The woodcutter's friend received rewards far greater than what his friend got from the gnome.