Most of the companies administer charities of large value. Many of
them are governors of important schools, _e.g_. the Skinners have the
Tonbridge Grammar School; the Mercers, St Paul's School; the Merchant
Taylors, the school bearing their name, &c. The constitution of the
livery companies usually embraces (a) the court, which includes the
master and wardens, and is the executive and administrative body; (2)
the livery or middle class, being the body from which the court is
recruited; and (3) the general body of freemen, from which the livery
is recruited. Some companies admit women as freemen. The freedom is
obtained either by patrimony (by any person over twenty-one years of
age born in lawful wedlock after the admission of his father to the
freedom), by servitude (by being bound as an apprentice to a freeman
of the company) or by redemption. Admission to many of the companies
is subject to the payment of considerable fees. For example, in the
Merchant Taylors the fees are--upon taking up the freedom, by
patrimony or servitude, £1, 3s. 4d.; by redemption, £84; on admission
to the livery, £80, 8s.; on election to the court of assistants, £115,
10s. At one time the position of the livery companies was a subject of
much political discussion. Two parties threatened to attack them--on
one side those who were anxious for extensive reforms in the municipal
organization of London; on the other, those who wished to carry
forward the process of inspection and revision of endowments, which
had already overtaken the universities, schools and other charities. A
Royal Commission was appointed in 1880 to inquire into all the livery
companies, into the circumstances and dates of their foundation, the
objects for which they were founded, and how far those objects were
being carried into effect. A very valuable _Report and Appendix_ (4
vols., 1884) was published, containing, _inter alia_, information on
the constitution and powers of the governing bodies, the mode of
admission of members of the companies, the mode of appointment, duties
and salaries and other emoluments of the servants of the companies,
the property of, or held in trust for, the companies, its value,
situation and description. The companies very freely made returns to
the commission, the only ones not doing so being the Broderers,
Bowyers, Distillers, Glovers, Tin-Plate Workers and Weavers. The
Commission estimated the annual income of the companies to be from
£750,000 to £800,000, about £200,000 of that amount being trust
income, the balance corporate income.
Public-domain text, read in full here on John Shaqi.
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