Angel and wood-cutter

Once a wood cutter was cutting down tree on the bank of a river. His Axe  slipped out his hand and fell into water. He began to cry as he was too poor to buy a new one. An Angel appeared on the scene. The wood cutter asked for his help. The Angel dived into the river and came out with a golden Axe. But wood cutter refused to take it. The Angel dived again and brought a silver Axe, but this too was refused by the wood cutter. He dived for the third time.This time he brought an iron Axe. The wood cutter accepted it very gladly. The Angel was very pleased with his honesty and gave him the other two axes as reward.
MORAL: HONESTY IS THE BEST POLICY