The most famous story of an old woman hold consisted notations in almost every canon, of which she receives a letter from The Old Man. When the old woman shows the letter to various others, their life dogmatically changes and the fulfillment of monetary needs become secondary to service.
Another often spoken tale of The Old Man foretells of a great dwarven palace, it is rumored it is where the Old Man keeps The Great Sword of Courage. When anyone enters the chamber of The Great Sword of Courage, the Old Man is found standing atop of the alter to which holds three pillars, there he summons a Demon Shadow to test the one who enters; this is to see if they are truly worthy of the sword. When this shadow is defeated it is rumored that their dark counterpart can never over take then in battle. Because The Old Man has such an item with the dwarven kind many of them hold The Old Man in the highest of standing.