King Terenas was a good man. A devout man. Beloved by his people, and truly the reason we have this Alliance at all.
The irony is he was humble--he hated these sorts of memorials, and so precious few exist. And of those, few survived Lordaeron's fall.
It seems the Light has coalesced in this statuette. It would be best kept in the Cathedral of the Light in Cathdral Square, in the center of the city. Bring it to Lord Grayson Shadowbreaker for safekeeping.
