Although there are no restrictive laws as to trade in the London of our day, and though much of the state of the companies has dwindled into formalities, and is more interesting from a historical than a political point of view, still the foundations on which the system was built are unalterable. In these days, as in centuries gone by, the pride in one’s work, the personal industry, and the _esprit de corps_ of tradesmen are the real steps by which they mount to civic and political success. They were once embodied in the close system of alliance and defence encouraged by the guilds; times and customs have changed, and each man stands more or less on his own merits alone, but the underlying principle is the same. It is not every tradesman or merchant who, because he is honest and thrifty, becomes lord-mayor of London, is knighted, or elected M.P.; but these prizes are within the reach of all. The city records for the latter half of the eighteenth century, for instance, witness to the perseverance of many men born in the lowest and most hopeless circumstances, and that, too, when the ancient prestige of the companies had somewhat faded. Sir James Sanderson, sheriff and lord-mayor of London, was the son of a poor grocer of York, who died young, leaving his widow to manage the business till his son should be old enough to carry it on. The son left the shop to his mother for her support, and went to London, entered the service of a hop-merchant, and throve so well through his industry that he attained great wealth and position. He was afterwards made a baronet. Alderman Boydell came to London on foot, from Shropshire, and worked as an engraver. After great trials, he too succeeded and became lord-mayor, besides being a great patron of the arts. Skinner was apprenticed to a box-maker and undertaker, and, through obscure local influence, began a small business of auctioneering; he ended by becoming lord-mayor, and the first auctioneer of the kingdom. Sir William Plomer began life in an oil-shop in Aldgate, a dingy old part of the city. Brooke Watson, M.P. for the city of London,[4] was the son of a journeyman tailor, and served his apprenticeship to that trade. Sir John Anderson, lord-mayor and member for the city, was the son of a day laborer. Macauley was the son of a captain of a coasting vessel, who died leaving nine children unprovided for. Sir William Staines and Alderman Hamerton were both working paviors and stone-masons. Aldermen Wright and Gill were servants in a warehouse of which they afterwards became masters; they lived for sixty years in partnership as stationers, and never disagreed, although the latter married the former’s sister. Wright made £400,000. The two old friends died the same year, beloved and regretted by many who had experienced their kindness and generosity.