The trades of Edinburgh in those days were generally conducted by men
of small account; but there was one art carried on upon a scale which
raised its practitioners to the grade of merchants. This was the craft
of the goldsmiths. The habits of the upper classes, partaking so much
of an ill-supported ostentation, made this comparatively a great trade.
We have all heard much of George Heriot, who was made goldsmith to the
queen in 1597, and who, afterwards transplanting himself to London,
there completed the fortune which became the means of founding his
celebrated hospital. But there was a contemporary Edinburgh goldsmith
of even greater importance, in the person of Thomas Foulis, who seems
to have been to King James what the Bank of England was to William
Pitt two hundred years later. It was a loan from Thomas which enabled
the king to march against the rebellious Catholic lords at Aberdeen
in 1593. He stood creditor to the king, in the ensuing year, for the
sum of £14,598 Scots, and for this James lodged with him two gold
drinking-cups, amounting in all to the weight of fifteen pounds five
ounces. In May 1601, the royal debt to Thomas amounted to the enormous
sum of £180,000 Scots, and a parliamentary arrangement had to be made
for its payment. One of the benefits which Thomas Foulis derived from
being the king’s creditor to so large an amount, was a grant of the
lead-mines of Lanarkshire, which he worked with good result, and handed
ultimately to his granddaughter, who married James Hope, the ancestor
of the noble family of Hopetoun. Thus, it will be observed, what
constituted, and yet in part constitutes, the fortune of the Earls of
Hopetoun, came originally from one of our Parliament Close goldsmiths.
Public-domain text, read in full here on John Shaqi.
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