The Master of Lake-town is a rare Legendary Creature — Human Advisor card from The Hobbit (HOB), collector number 297. Current market price: $1.11 (foil $1.63), TCGplayer market prices via Scryfall.
Deathtouch Whenever a player loses life, that player mills that many cards. (Damage causes loss of life.) When The Master of Lake-town dies, draw a card for each graveyard with seven or more cards in it.