By this celebrated document, Charles the Fifth, then fifteen years of age, had been made to threaten with condign punishment all persons who should maintain that he had sworn at his inauguration to observe any privileges or charters claimed by the Ghenters before the peace of Cadsand.
The immediate cause of the discontent, the attempt to force from Flanders a subsidy of four hundred thousand caroli, as the third part of the twelve hundred thousand granted by the states of the Netherlands, and the resistance of Ghent in opposition to the other three members of the province, will, of course, be judged differently, according as the sympathies are stronger with popular rights or with prerogative.

The citizens claimed that the subsidy could only be granted by the unanimous consent of the four estates of the province.

Among other proofs of this their unquestionable right, they appealed to a muniment, which had never existed, save in the imagination of the credulous populace.

At a certain remote epoch, one of the Counts of Flanders, it was contended, had gambled away his countship to the Earl of Holland, but had been extricated from his dilemma by the generosity of Ghent.

The burghers of the town had paid the debts and redeemed the sovereignty of their lord, and had thereby gained, in return, a charter, called the Bargain of Flanders (Koop van Flandern).