This personage, the Merlin of Scotland, and to whom some of the adventures which the British bards assigned to Merlin Caledonius, or the Wild, have been transferred by tradition, was, as is well known, a magician, as well as a poet and prophet.

He is alleged still to live in the land of Faery, and is expected to return at some great convulsion of society, in which he is to act a distinguished part,--a tradition common to all nations, as the belief of the Mahomedans respecting their twelfth Imaum demonstrates.
Now, it chanced many years since that there lived on the Borders a jolly, rattling horse-cowper, who was remarkable for a reckless and fearless temper, which made him much admired, and a little dreaded, amongst his neighbours.

One moonlight night, as he rode over Bowden Moor, on the west side of the Eildon Hills, the scene of Thomas the Rhymer's prophecies, and often mentioned in his story, having a brace of horses along with him which he had not been able to dispose of, he met a man of venerable appearance and singularly antique dress, who, to his great surprise, asked the price of his horses, and began to chaffer with him on the subject.

To Canobie Dick--( for so shall we call our Border dealer)--a chap was a chap, and he would have sold a liaise to the devil himself, without minding his cloven hoof, and would have probably cheated Old Nick into the bargain.

The stranger paid the price they agreed on; and all that puzzled Dick in the transaction was that the gild which he received was in unicorns, bonnet-pieces, and other ancient coins, which would have been invaluable to collectors, but were rather troublesome, in modern currency.
It was gold, however, and therefore Dick contrived to get better value for the coin than he perhaps gave to his customer.