A Brief History of the Worshipful Company of Ironmongers, London A.D. 1351-1889: With an Appendix Containing Some Account of the Blacksmiths' CompanyNoble, T. C. (Theophilus Charles)
History
A Brief History of the Worshipful Company of Ironmongers, London A.D. 1351-1889: With an Appendix Containing Some Account of the Blacksmiths' Company
Noble, T. C. (Theophilus Charles)
Worshipful Company of Ironmongers (London, England) -- History
The King having obtained this “little loan” so easily did not forget
to be “a suitor” to the City again; but the next time the Ironmongers
went to the Pawnbrokers was in 1544, when they “layd to plege, the xxij.
day of May,” their ewers, salts, and cups, to provide “xiiij. men in
harnes to goe over the see wᵗʰ the Kyngs army in to France, that was
iiij. bowmen and x. byll men” fully equipped for service. Now we do
not intend to quote every occasion when the Sovereign borrowed money,
but a few selected cases will tell the tale. In 1575 a precept from
the Lord Mayor commanded the Company to assist the Queen’s demand by
paying 60_l._, coolly adding, “if youe have not soe moche in store then
you shale borrowe the same at ynterest at thonly costs and lossis of
yoʳ hall.” Next year the Queen commanded the City to raise and hold
in readiness for her 140,000_l._, and a few years later, in 1588, the
celebrated Armada year, when every county in England lent its thousands
to assist in the defence of the nation, and the Companies of the City
advanced 51,900_l._, we find the Ironmongers’ proportion was 2,300_l._
(“The City Guilds Subscription Lists,” in “The Western Antiquary,” May,
1888), raised among fourteen of the wealthiest members. In 1598 the
Queen’s Privy Council sent for 20,000_l._ more, and the Ironmongers lent
880_l._ In 1614, the treasury being empty, and Parliament dissolved,
the King asked for 100,000_l._; but the City was far from prosperous
that year. Government demands, the Ulster and Virginia plantations,
and other calls had drained the City purse; and it was only after
several meetings that the Ironmongers obliged His Majesty by making “a
benevolence” of 179_l._ And when, in 1620, another demand was made, and
the Company granted 170_l._, the members were compelled for a time to
be so economical that not only were all their dinners stopped, but they
actually fined each other so that the current expenses could be paid. And
still the obnoxious and oppressive precepts poured in. In 1627, in 1628,
in 1630, the citizens were truly “dearly beloved” to the King, and when,
in 1640 and 1642, the Parliamentary demands for another trifling “loan”
of 100,000_l._ made matters more and more disheartening, the Ironmongers
were forced to part with 3,400_l._, and another advance a little later
made the Government a debtor to the Company in the year 1652 of no less
a sum than 9,536_l._ 3_s._ 7_d._ If we calculate what was owing to the
other Corporations at the same time at only half this sum each, is it
to be wondered at that there were civil wars, or that the extravagances
of the “Merry Monarch” and his saintly brother James brought about in
succession the shutting up of the Exchequer and the revolution of two
centuries ago?
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