# E5 - Wolf Incarnate and Obedient Lamb
Source: [Crunchyroll](https://www.crunchyroll.com/watch/GN7UD1144/wolf-incarnate-and-obedient-lamb)
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***SIGN*** Spice and Wolf
***SIGN*** Spice and Wolf
***SIGN*** Spice and Wolf
***SIGN*** Episode 5
Wolf Incarnate and Obedient Lamb
**[02:00] Marlheit**
A wolf incarnate?
**[02:02] Marlheit**
Then this letter is most definitely a threat.
**[02:06] Marlheit**
They will send her to the Church if we don't
withdraw from this until everything is over.
**[02:11] Lawrence**
Yes, but there is no guarantee that they
won't send her to the Church afterwards.
**[02:16] Marlheit**
On top of that, we have already invested
**[02:18] Marlheit**
in a lot of Trenni silver coins
that have inflated in price.
**[02:22] Marlheit**
It would be a tremendous loss
if we stepped back at this point.
**[02:25] Lawrence**
That means we have to be aggressive!
**[02:30] Marlheit**
However, let's say we take back your
companion and put her under our care...
**[02:35] Marlheit**
If we are reported and the Church steps in,
**[02:38] Marlheit**
we can only become their obedient lambs.
**[02:41] Marlheit**
We cannot hide her anywhere in this town.
**[02:44] Lawrence**
What about escaping out of town?
**[02:46] Marlheit**
There are grasslands as far as the eye can see.
**[02:48] Marlheit**
It would require a great amount
of luck to pull that off.
**[02:51] Marlheit**
She may still be reported in another town.
Then, there is nothing we can do.
**[02:58] Marlheit**
Considering their prospective profits,
we cannot solve this with money.
**[03:03] Marlheit**
The profits they can make could
possibly destroy us, their rival company.
**[03:07] Lawrence**
So, we can only let them complete this deal
and see if we are reported to the Church?
**[03:12] Lawrence**
If only we had some kind of trump card...
**[03:15] Marlheit**
There is one way.
**[03:17] Marlheit**
We can report Medio Trading
for sheltering your companion.
**[03:23] Marlheit**
However, you'll have a problem
with that, won't you?
**[03:26] Marlheit**
You may even testify against us.
**[03:31] Lawrence**
I definitely would.
**[03:47] Lawrence**
The greatest benefit of those
Trenni silver coins is
**[03:50] Lawrence**
obtaining some kind of privilege
from the King of Trenni, correct?
**[03:54] Marlheit**
Yes.
**[03:55] Marlheit**
According to our investigation, the royal
family's finances are currently quite tight.
**[03:59] Lawrence**
I can imagine.
**[04:01] Lawrence**
After all, they're trying to melt down
their current silver coins
**[04:04] Lawrence**
in order to produce more coins of
lower purity to put into circulation.
**[04:08] Lawrence**
It will bring short-term benefits,
**[04:10] Lawrence**
but it will destroy the prestige of the royal
family and be more harmful than beneficial.
**[04:14] Lawrence**
Their finances must truly be dire
to do such a thing.
**[04:23] Marlheit**
In order to exchange the coins
of higher purity,
**[04:27] Marlheit**
they will likely hand over
mining rights, tariff-setting rights,
**[04:29] Marlheit**
and market management rights to us.
**[04:34] Marlheirt**
That is the biggest profit we will gain
from the purchase of their silver coins.
**[04:39] Lawrence**
Then...
**[04:41] Lawrence**
What about finishing our deal before
the Medio Trading Company reports us
**[04:45] Lawrence**
and using that biggest profit
as our trump card?
**[04:51] Marlheit**
You want us to allow them
to buy the privilege from us?
**[04:53] Lawrence**
Yes, if we make the purchase more
profitable than shutting you down,
**[04:58] Lawrence**
Medio Trading wouldn't report us.
**[05:02] Marlheit**
Their current trump card can
send us to the burning stake.
**[05:08] Marlheit**
Will they accept?
**[05:10] Lawrence**
Of course, please consider
the stance of the King of Trenni.
**[05:15] Lawrence**
The king wouldn't want the public to know
they worked with a trading company
**[05:19] Lawrence**
that was sent to the stake.
**[05:21] Marlheit**
I see.
**[05:23] Marlheit**
If we are targeted by the Church,
the Trenni Kingdom will also be targeted.
**[05:29] Lawrence**
If we finish our deal first,
**[05:32] Lawrence**
Medio Trading will not be able to
report us for fear of the King of Trenni.
**[05:36] Lawrence**
If they do, they will take
themselves down with us.
**[05:44] Marlheit**
If we appear in such a situation
and offer the rights they want
**[05:48] Marlheit**
in exchange for a fair price
and your companion...
**[05:53] Lawrence**
Yes, I'm sure they will agree.
**[05:56] Lawrence**
That will be the only way Medio Trading
will be able to obtain the rights.
**[06:12] Marlheit**
Your reasoning is sound. However,
there is still a large problem remaining.
**[06:18] Lawrence**
According to my analysis,
**[06:19] Lawrence**
Medio Trading has not collected
all the silver coins they need.
**[06:23] Marlheit**
Why do you think so?
**[06:24] Lawrence**
This is a deal that takes advantage
of a king's weakness.
**[06:27] Lawrence**
That's why they've been enticing
merchants and collecting them secretly,
**[06:32] Lawrence**
so that they can obtain the silver coins
as cheaply as possible.
**[06:35] Lawrence**
If they had collected enough silver,
**[06:37] Lawrence**
they would have sent Holo
to the Church immediately.
**[06:40] Lawrence**
The fact that they're using her
to stop our movements instead
**[06:43] Lawrence**
shows their lack of confidence.
**[06:46] Lawrence**
In other words, at this point they have
not collected enough silver.
**[06:50] Marlheit**
I see.
**[06:52] Marlheit**
Then, what action do you plan
to take Mr. Lawrence?
**[06:57] Lawrence**
I will steal Holo back and run around
until your deal is complete.
**[07:02] Marlheit**
Reckless!
**[07:03] Lawrence**
Even if I can't throw them off,
I can buy us some time.
**[07:06] Lawrence**
Please collect the rest of the silver
and finish the deal by that time.
**[07:10] Marlheit**
That's impossible!
**[07:12] Lawrence**
Then, should we report Holo?
**[07:15] Lawrence**
I will definitely testify against you!
**[07:19] Lawrence**
With your help, I'm sure we can avoid
being captured for a day or two.
**[07:23] Lawrence**
A wolf incarnate will be
running around with me.
**[07:26] Lawrence**
She let herself be caught this time
in order to let me escape.
**[07:30] Lawrence**
If she uses her true strength,
no human would be her opponent.
**[07:37] Lawrence**
Let me ask you this.
**[07:39] Lawrence**
How long will it take you to gather
enough silver to negotiate with the king?
**[07:46] Marlheit**
If we have a horse run to the Trenni castle,
**[07:49] Marlheit**
we should be able to finish the deal
before the sun sets tomorrow.
**[07:51] Marlheit**
If we finish the deal successfully,
**[07:54] Marlheit**
the earliest we could return
is dawn the day after tomorrow.
**[07:57] Lawrence**
Right now?
**[07:58] Lawrence**
Even though you still
don't have all the silver?
**[08:02] Marlheit**
We can negotiate using estimated numbers.
**[08:05] Marlheit**
There will be no problem as long as we
have the coins at the time of delivery.
**[08:09] Lawrence**
Do you think you'll be able to negotiate
with the king on the spot?
**[08:13] Marlheit**
If the Milone Trading Company gets serious,
any negotiation can be dealt with immediately.
**[08:21] Lawrence**
So, you must know
where Holo is currently being held.
**[08:27] Marlheit**
We are the Milone Trading Company.
**[08:30] Marlheit**
Our employees getting attacked in the dark
**[08:32] Marlheit**
and our buildings getting set on fire
is an everyday occurrence.
**[08:37] Marlheit**
Our emergency measures are perfect.
**[08:40] Marlheit**
However, there is a great wall
blocking our way.
**[08:43] Lawrence**
The Church.
**[08:44] Marlheit**
That's right.
**[08:45] Marlheit**
They have more connections
than we do across various countries.
**[08:49] Marlheit**
They're prepared to take action any time.
**[08:51] Marlheit**
That is why we must finish all of this
before they decide to make a move.
**[08:56] Marlheit**
Normally, we wouldn't make a move until
we knew who was backing Medio Trading.
**[09:02] Marlheit**
That way, we could make appropriate plans
and perhaps snatch their funding as well.
**[09:09] Lawrence**
That is truly unfortunate.
**[09:12] Marlheit**
I pray for your safety and success.
**[09:16] Lawrence**
I will definitely pull through!
**[09:19] Marlheit**
Our passwords are Pireon and Numai.
**[09:23] Lawrence**
Two major gold coins?
**[09:24] Marlheit**
Doesn't it sound lucky?
**[09:40] Stooge A**
Have you remembered the path?
**[09:42] Lawrence**
Once I go underground,
**[09:43] Lawrence**
I should move forward with my hand
touching the right wall, correct?
**[09:46] Stooge A**
Yes.
**[09:47] Stooge A**
Please wait for us at the end of that path.
**[09:49] Lawrence**
The building above that point is
where Holo is being held, right?
**[09:52] Stooge A**
Yes. Our information has been confirmed.
**[09:55] Stooge A**
We will begin the operation to take
her back at the opening bell of the market.
**[09:58] Stooge A**
If we succeed, the cover above you
will open and your companion will join you.
**[10:03] Stooge A**
At that point, if you hear the word "Rahhe",
wait for my colleague to join you.
**[10:07] Stooge A**
If you hear "Perouso," please escape
immediately on the planned path.
**[10:12] Lawrence**
So it'll be "boom" or "bust"?
**[10:14] Stooge A**
Isn't it easy to understand?
**[10:19] Stooge A**
It's almost time.
**[10:34] Driver A**
That was dangerous!
**[10:36] Driver A**
Be more careful!
**[10:37] Passerby**
I'm so sorry!
**[10:40] Stooge A**
Mr. Lawrence.
**[10:42] Stooge A**
Now's the time.
**[10:52] Stooge A**
Hurry!
**[11:04] Lawrence**
I can't believe they prepared all of this...
**[11:08] Lawrence**
I've heard that the Church
uses the guise of digging graves
**[11:12] Lawrence**
to dig underground passages
for espionage and tax evasion...
**[11:25] Lawrence**
This should be the place...
**[12:04] Lawrence**
Please, don't get rough...
**[12:13] Lawrence**
What am I trembling for?!
**[12:40] Lawrence**
They're taking too long...
**[12:42] Lawrence**
Did I get the place wrong?
**[12:45] Voice**
Rahhe.
**[12:48] Voice**
Rahhe.
**[12:49] Lawrence**
Numai!
**[12:51] Voice**
Pireon.
**[13:01] Lawrence**
Holo!
**[13:03] Holo**
You want us to take this
and make it look like a burglary?
**[13:07] Lawrence**
Hurry up!
**[13:08] Holo**
I cannot descend unless you
move out of the way.
**[13:11] Lawrence**
Huh?
**[13:12] Lawrence**
Y-Yeah.
**[13:19] Lawrence**
Ho—
**[13:20] Holo**
What are you standing there for?
**[13:23] Holo**
This is your share. Hurry up. Take it and go.
**[13:27] Lawrence**
Y-Yeah!
**[14:09] Lawrence**
Pireon.
**[14:12] Lawrence**
Pireon!
**[14:13] Voice**
Numai.
**[14:26] Stooge A**
Looks like things are going well...
**[14:33] Stooge A**
The business world is always full of surprises!
**[14:38] Lawrence**
There was one more person.
**[14:40] Stooge A**
He'll go out from a different exit.
**[14:42] Stooge A**
We'll leave town after I relay some
information about Medio Trading to a comrade.
**[14:46] Lawrence**
Very thorough.
**[14:48] Stooge A**
I wish the both of you luck.
**[14:51] Driver B**
Clear.
**[15:03] Lawrence**
I'm glad you're safe.
**[15:06] Holo**
You're glad I'm safe?
**[15:09] Lawrence**
Yeah.
**[15:11] Holo**
Say my name.
**[15:13] Lawrence**
Holo, right?
**[15:14] Holo**
Wise Wolf Holo!
**[15:16] Holo**
I can name every person
who has embarrassed me in my entire life until now!
**[15:22] Holo**
And now I must remember yet another name!
**[15:25] Holo**
I am talking about you!
**[15:28] Holo**
I told you clearly, didn't I?!
**[15:30] Holo**
To come for me!
**[15:33] Lawrence**
Y-Yeah.
**[15:34] Holo**
I...
**[15:36] Holo**
I was sure you were the one
who came for me and...
**[15:42] Holo**
Just thinking about it makes me so angry!
**[15:44] Lawrence**
Don't tell me, you...
**[15:47] Holo**
If you are a male, you should have
sharpened your fangs and leapt into battle!
**[15:51] Holo**
Instead, you hid in that hole!
**[15:55] Holo**
I was needlessly humiliated because of that!
**[16:00] Lawrence**
But you're safe, aren't you?
**[16:06] Lawrence**
I'm glad you're safe.
**[16:14] Holo**
I cannot die as long as
you hold onto that wheat.
**[16:19] Holo**
I am cute. Human males fall for me easily.
**[16:24] Holo**
Be that as it may,
no human male could handle me.
**[16:28] Holo**
When I told them that their thing
will get torn off if they touch me,
**[16:31] Holo**
everyone grew pale with fright.
**[16:34] Lawrence**
You...
**[16:38] Lawrence**
Goodness.
**[16:40] Holo**
There was one outlier.
**[16:43] Holo**
Who do you think was among
those that captured me?
**[16:49] Lawrence**
Who was there?
**[16:52] Holo**
Yarei.
**[16:54] Holo**
You know him, do you not?
**[16:55] Lawrence**
Yarei?!
**[16:56] Holo**
From Pasloe village.
**[16:58] Holo**
It seems like he heard my name from Zheren.
**[17:01] Lawrence**
Did you speak to him?
**[17:04] Holo**
Just a bit.
**[17:08] Holo**
What do you think Yarei said to me?
**[17:20] (Flashback) Yarei**
The guy named Zheren said your name was Holo.
**[17:26] (Flashback) Yarei**
That's when I thought of the possibility that
**[17:30] (Flashback) Yarei**
you were the god of harvest from my village.
**[17:34] (Flashback) Yarei**
You're really her.
**[17:43] Holo**
I... You know, I...
**[17:48] Holo**
It is pathetic, but that made me so happy.
**[17:51] Holo**
But he told me this immediately after:
**[17:57] (Flashback) Yarei**
The era of trying to get
on your good side is over.
**[18:00] (Flashback) Yarei**
There's no longer any need
to be afraid of your temper.
**[18:04] (Flashback) Yarei**
We'll turn you into the Church
and say goodbye to the old era.
**[18:14] Holo**
I felt so chagrined and sorrowful...
**[18:28] Lawrence**
Well, think of it in a different way.
**[18:35] Lawrence**
Either way, you had to leave the village
in order to return north.
**[18:39] Lawrence**
If they're not sorry to see you go,
**[18:41] Lawrence**
then kick sand in their faces as you leave.
**[18:43] Lawrence**
You'll be able to cut ties
more cleanly that way.
**[18:46] Lawrence**
But when you leave, you make them pay a price.
**[18:48] Lawrence**
We're merchants. Everything is fine
as long as we make money.
**[18:55] Lawrence**
We don't laugh until the money comes in,
and we don't cry until we've gone bankrupt.
**[18:59] Lawrence**
And you and I,
**[19:02] Lawrence**
we'll definitely laugh.
**[19:12] Holo**
Yes, I feel much better.
**[19:15] Holo**
I have not spoken properly
with anyone for hundreds of years.
**[19:20] Holo**
I have grown weak to emotion.
**[19:23] Holo**
Although I have cried twice in front of you,
**[19:25] Holo**
I am sure I would have cried
whether you were here or not.
**[19:28] Holo**
Do you understand what I am trying to say?
**[19:30] Lawrence**
Don't misunderstand?
**[19:32] Holo**
Correct.
**[19:33] Lawrence**
I'm just doing everything for the money!
**[19:36] Lawrence**
Our job is to keep running until the Milone
Trading Company seals the deal.
**[19:40] Lawrence**
You'd become a burden
if you were sobbing the entire time.
**[19:43] Lawrence**
That's why even if it
wasn't you, I would have...
**[19:51] Lawrence**
That's not very fair.
**[19:53] Holo**
A female's privilege, is it not?
**[19:59] Driver A**
We've arrived.
**[20:00] Driver A**
Have things been resolved
between the two of you?
**[20:03] Lawrence**
Not yet.
**[20:05] Lawrence**
Count Erhendott is the one
behind Medio Trading.
**[20:10] Lawrence**
The merchants dealing with wheat
in the Count's territory are the ones
**[20:12] Lawrence**
who've been targeted
to collect the silver coins.
**[20:14] Lawrence**
Please let Mr. Marlheit know.
**[20:16] Driver B**
No problem.
**[20:18] Driver A**
As expected, the ones who
bring up moneymaking ideas
**[20:21] Driver A**
are a little different from others.
**[20:23] Holo**
Are you talking about my ears?
**[20:26] Driver A**
I was thinking about becoming a merchant
again after watching the two of you.
**[20:32] Lawrence**
That's not a good idea.
**[20:35] Lawrence**
You'll end up picking up people like her.
**[20:38] Driver A**
Well, a driver's box is too big for one person.
**[20:42] Driver A**
I couldn't ask for more.
**[20:55] Holo**
I am also in a terrible mess
after being picked up by you.
**[21:00] Lawrence**
As I thought, you're not being fair.
**[21:01] Holo**
But I am still cute, am I not?
**[21:05] Lawrence**
Well, it's true that you're cute.
**[21:12] Holo**
I'm glad.
**[21:16] Holo**
You are really a cute boy yourself.
***SIGN*** Episode 6
***SIGN*** Merchant and Unreasonable God
**[23:45] Holo**
Next Episode: Merchant and Unreasonable God