Once there was a poor woodcutter in a small village. Every day, he cut wood near a river. One day, his axe fell into the water. He sat down and cried. Suddenly, a fairy appeared and showed him a golden axe. The woodcutter said, "It is not mine." Then she showed him a silver axe. Again, he said, "It is not mine." Finally, she brought his old iron axe. The woodcutter smiled and said, "This is my axe." The fairy was happy with his honesty and gave him all three axes as a reward.