London (England) -- History; London (England) -- Social life and customs
By this time, too, the companies were at their richest; their charities
were at their fullest; their banquets and functions were most lavish and
splendid.
Take the rich Company of Haberdashers alone for its benefactions. This
company maintained two free-schools in London and three in the country;
two almshouses in London and two in the country; it presented to six
benefices in the country; it provided three lectureships in city
churches and one in the University of Cambridge; it gave five
exhibitions to Cambridge, and it provided pensions for forty-eight poor
men and women. In these charities the company disbursed about £3400 a
year. At the present day it gives away a great deal more owing to the
increased value of its property, but as London is so much larger the
effect is not so great in proportion. This list of charities, again,
does not include the execution of certain testamentary and private
charities, as broadcloth to poor widows, gifts to prisoners for debt,
payments for ringing the church-bell, weekly doles of bread, and so
forth. The Haberdashers' Company was one of the twelve great companies,
all wealthy. If each of these gave away yearly the sum of £2000 only, we
have £24,000 a year. There were, besides, all the smaller companies, and
not one without some funds for charity, education, or pensions. A boy
born in the City might be educated by his father's company, apprenticed
to the company, taught his trade by the company, found in work by the
company, feasted once a year by the company, pensioned by the company,
buried by the company, and his children looked after by the company. If
he fell into debt, and so arrived at Ludgate Hill Prison, the bounty of
the company followed him there. And even if he disgraced himself and was
lodged in Newgate, the company augmented the daily ration of bread with
something more substantial. In all, there were (and are) eighty-four
City companies, representing every trade except those which are of
modern origin. Among these are not counted such companies as the
Whitawers, the Fustarers, and the Megusers, long since dissolved. But
the Pewterers, the Bowyers, the Fletchers, the Long Bowstring Makers,
the Patten Makers, and the Loriners have survived the trades which they
were founded to maintain. Some of them have no hall and very small
endowments. One, the Card Makers, presents each member of the company
with a pack of playing-cards every year, and with this single act
expends, I believe, all the endowment which it possesses.
Public-domain text, read in full here on John Shaqi.
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