This is the true story "Woe is me" a poor woodcutter cried when he dropped his axe into a deep pond. A friendly water spirit appeared before him with a silver axe and asked, " Is this yours?""No," the woodcutter said.
The spirit returned with a golden axe. "Is this yours?" she asked, "No" said the woodcutter. Then the spirit appeared with his plain wooden axe. "That one is mine!" said the woodcutter happily. "You've been so honest," said the spirit, "take the gold and silver axe too!"
On the way home the woodcutter met a rich merchant. When the merchant heard the woodcutter's tale, he ran to the pond and dropped HIS wooden axe in.
"Woe is me!" he cried. The spirit appeared with a silver axe. "That one is mine!" the merchant said quickly. "You know it is not," said the spirit, and disappeared. The rich man's wooden axe stayed on the bottom of the deep pond.
QUESTION : "That one is mine!" said the woodcutter (Par 1). The underlined words "That one is mine!" refer to the ….