The whole subject of the early history of guilds is shrouded in obscurity. What was the origin of the early religious guilds; how the frith guilds came into existence; the relation of the merchant guilds to the craft guilds; how far the government of the town was placed in the hands of the former; and when the merchant guild became the sole governing body, the forerunner of the municipal corporation--all these are questions, the answers to which can only be conjectured. The word guild is probably derived from the Saxon word _geldan_ or _gildan_, which means "to pay," and signifies that the members of the association were required to contribute something towards the support of the brotherhood to which they belonged. The early guilds were of the nature of clubs, and consisted of bodies of men united together under oath for their mutual benefit, and for a common purpose. The character and nature of these clubs differed widely, and I will state as briefly as possible the various kinds of guilds which have existed in our country. In Roman times there were the _collegia opificum_ which were firmly established in this country during the period of the Roman occupation. These colleges were corporations which could hold property, had regular constitutions, presidents and senators, treasurers and sub-treasurers, priests and temples. Each had its _curia_, or senate house, its common _arca_, or chest, its archives and banners. It constituted a kind of "Sick and Burial Club" for its members, and on two special days--_dies violarum_ and _dies rosæ_--the sodales met at the sepulchre of departed brethren to commemorate their loss, and to deck their tombs with violets and roses, an offering pleasing to the spirit of the _manes_, at Silchester, when it was a large and flourishing city, there would certainly be such a college or corporation. During the Anglo Saxon period guilds certainly flourished in this country, and since Reading was, as Asser states, a royal city, and an important centre of the West Saxon kingdom, there was, doubtless, an Anglo Saxon guild here;[3] but few traces of Saxon Reading remain, as the place was completely destroyed by the Danes. When we examine the rules and regulations of the Saxon guilds, we are astonished at the high state of civilisation which they disclose. They resembled in some respects our modern friendly societies, and provided a scheme of mutual assurance for the members. I will take the Exeter guild for an example, which, as in the case of all these early guilds, was of a religious type. At a meeting held in the city of Exeter "for the sake of God and our souls, that we may make such ordinances as tend to our welfare and security, as well in this life as in that future state which we wish to enjoy in the presence of God, our Judge, therefore, here assembled, we have decreed:--