When that Owlglass came unto the town of Hildesheim he encountered there a horse-dealer, who, for twenty-five pieces of silver, did offer him a good horse. And they marketed together for twenty-four pieces; and Owlglass said unto him: “Lo! the half of it will I pay thee straightway, and the rest shall I remain indebted unto thee. Thus will I now give unto thee twelve pieces of silver.” And the horse-dealer (for he knew him not) said unto him: “Agreed; take thou the horse.” And Owlglass took him.

And some three months fled by; then came the horse-dealer unto him, and demanded the twelve pieces of silver. Then said Owlglass unto him: “Behold, did we not agree that I should remain indebted unto thee for these twelve pieces of silver?” Thereat the other answered him, and they strove together, and came unto the house where the judge sate, and entered in, and would therewith have it appointed how the matter should stand. And then did Owlglass say he would remain faithful unto his bargain, according as he had bought the horse; and said unto the judge: “For twenty and four pieces of silver bought I the horse, and I paid him twelve thereof in good money; the other twelve agreed we that I should remain indebted unto him. If now that I do give him the money shall I falsify my word; and that have I never yet done, but always performed the thing which was commanded unto or required of me. And so let it be.” Then was the suit before the judge withdrawn; and so stands the business, as if it were in the Chancery Court, unto this day.