"The False Lady", a version of Child #68 "Young Hunting" is also known as "Henry Lee", "Love Henry", "Earl Richard" and sometimes "The Proud Girl".
The ballad is a strange one. The pair are apparently lovers but when invited to stay the night, the man refuses, calls the woman a "false lady" and says that he has a better lover elsewhere. In spite of that, he bends over to kiss her and she stabs him to death. In "Young Hunting" she throws the body into the river. Here she throws him down a well. In "Young Hunting" the body is found, lady confesses and is burned at the stake. In this version the body is apparently never found.
It is in the Roud Folk Song Index as #47. It was printed in Motherwell's Minstrelsy of the Scottish Border. It was collected (as "Love Henry") by Cecil Sharp in September 1916 in Virginia.
It was recorded by Dick Justice (1929) as "Henry Lee" (included in Harry Smith's Anthology of American Folk Music, John Roberts and Tony Barrand on Dark Ships in the Forest, A. L. Lloyd, Judy Henske, Bob Dylan and others.