The roots of the Steelyard (_Stahlhof_), or "Stilyard," as it is often called in early dramatists, go far back to the legendary centuries of English history. From before the time of Alfred the Great, traders from Germany had clustered together on the bank of the Thames, close to where Cannon Street Station now stands. Amalgamation with the Hanseatic League, and the necessities and gratitude of more than one king of England--but especially of Edward IV.--had made of the Steelyard a company such as only the East India Company of later centuries may be compared to. With the world's new geography and new commercial conditions in the sixteenth and seventeenth centuries, its methods and its monopoly of the seas were gradually superseded by the great seamen of the Elizabethan era. But in Holbein's time, though already some of the Hanseatic ships were too overgrown to pass London Bridge and cast anchor at their own docks just above it, there was scarce a cloud upon the colossal prosperity of the Steelyard. Its walled and turreted enclosure, able to withstand the fiercest assaults of Wat Tyler's men, stretched from the river northward to Thames Street, and from Allhallows Street on the east to Dowgate Street on the west; and it might well have been described as a German city and port situated in the heart of the City of London. Its massive front in Thames Street, where were its three portcullised and fortified gateways with German inscriptions above and the Imperial Double-Eagle high over all, was one of the sights of London. And the Steelyard Tavern was a famous resort. When Holbein knew it well the greatest prelates and nobles and all the Court crowd,--which stretched its gardens and great houses from the stream of the Fleet, just west of the City wall, to Westminster Abbey,--used to flock to this Thames Street corner of the Steelyard to drink Rhenish wine and eat smoked reindeer-tongue and caviar. Within the gates stood the big Guildhall, which answered both for its councils and its noted banquets. The high carved mantelpieces and wainscotting served admirably to display the glittering plate and strange souvenirs of every known land and sea. On the walls which Holbein's works were so to enrich hung portraits of eminent members of the Guild. The Hall was flanked by the huge stone kitchen and by a strong-tower for the safeguarding of special valuables. In the open space between the Hall and the west wall of the enclosure was the garden, where trees and flowers and a greenery of vines had been planted in exact imitation of the gardens of the Fatherland. And here sat Holbein among the Associates, many a time, over their good cheer,--as in the old Basel gardens of the Blume or the Stork in other years, and heard only the German tongue or the songs of home around him.