"Retrenchment rules in Elfland, now;
Yes, every luxury is cut off.
-- Which, by the way, reminds me how
I caught this dreadful hacking cough:

"I cut off the tail of my Ulster furred
To make young Kris a coat of state.
That very night the storm occurred!
Thus we became the sport of Fate.

"For I was out till after one,
Surveying chimney-tops and roofs,
And planning how it could be done
Without my reindeers' bouncing hoofs.

"`My dear,' says Mrs. Claus, that night
(A most superior woman she!)
`It never, never can be right
That you, deep-sunk in poverty,

"`This year should leave your poor old bed,
And trot about, bent down with toys,
(There's Kris a-crying now for bread!)
To give to other people's boys.

"`Since you've been out, the news arrives
The Elfs' Insurance Company's gone.
Ah, Claus, those premiums! Now, our lives
Depend on yours: thus griefs go on.