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Langenstein, whose famous work on contracts was considered of high authority by later writers, says that the prince should take account of the condition of the place for which the price was to be fixed, the circumstances of the time, the condition of the mass of the people.
This request was willingly granted, the noble maiden gave up all her rich possession and left the island in the Bodensee. It is said that she retired to a convent, but no one ever knew where. The chronicle informs us that Hugh of Langenstein became one of the most capable Grand Masters of this Order of Knights of Mainau.
It was not until the sixteenth century that the fixing of the just price of wages was submitted to scientific discussion; in the fourteenth and fifteenth centuries there is little to be found bearing on this subject except the passage of Langenstein which we have quoted, and some strong exhortations by Antoninus of Florence to masters to pay good wages.
Langenstein, whose opinion on the subject was followed by many later writers, thought that the receipt of income from rent charges was perfectly justifiable, when the object was to secure a provision for old age, or to provide an income for persons engaged in the services of Church or State, but that it was unjustifiable if it was intended to enable nobles to live in luxurious idleness, or plebeians to desert honest toil.
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