London and the Kingdom - Volume 2: A History Derived Mainly from the Archives at Guildhall in the Custody of the Corporation of the City of London.Sharpe, Reginald R. (Reginald Robinson)
History
London and the Kingdom - Volume 2: A History Derived Mainly from the Archives at Guildhall in the Custody of the Corporation of the City of London.
Sharpe, Reginald R. (Reginald Robinson)
London (England) -- History
Whilst a small force, to which the City contributed a contingent of 300
men,(328) was sent to assist the King of Denmark, a fleet was despatched
(27 June, 1627) to the Isle of Rhé, under the Duke of Buckingham, with the
object of relieving Rochelle. The expedition failed in its purpose and
Buckingham had soon to ask for reinforcements. In August the City was
called upon by the king to furnish 100 men towards making up the losses
sustained, for which the Chamberlain was authorised to disburse £50 in
impress money.(329) In October Charles asked for 250 soldiers in addition
to those already raised, and these were found without drawing upon the
trained bands.(330) In spite of all efforts there was great delay in
forwarding to Buckingham the reinforcements in which he stood in sore
need, and in November he was forced to return home, baffled in his
enterprise, and with a loss from war and disease of little less than 4,000
men.(331)
(M129)
The time had now arrived for some arrangements to be made for discharging
the king’s debt to the City.(332) After protracted negotiations an
agreement, known at the present day as the "royal contract," was drawn up
and executed (3 Jan., 1628) whereby the citizens covenanted to advance the
king a further sum of £120,000 by instalments of £60,000 at an interval of
six months, whilst Charles, on the other hand, covenanted to convey to the
City certain lands, tenements and hereditaments.(333) The City at once set
to work to raise the money required among the livery companies. The
Merchant Taylors were called upon to contribute £6,300, the highest sum.
The Grocers came next with £6,000, after which follow the Haberdashers
(£4,800), the Drapers (£4,608), the Goldsmiths (£4,380), the Mercers
(£3,720), the Fishmongers and Clothworkers (each £3,390) and the Vintners
(£3,120).(334) Certain members of the Vintners’ Company having proved
refractory, the master and wardens complained to the Court of Aldermen,
who promptly committed the offenders to prison, thereby earning the
approval of his majesty.(335) In cases where the master and wardens of a
company had shown neglect in gathering the company’s quota they were
themselves committed to Newgate.(336)
The Court of Aldermen even committed one of their own body for refusing to
contribute his quota.(337) With difficulty the first instalment of £60,000
was raised, several of the companies being forced to part with their
plate.(338)
(M130)
Public-domain text, read in full here on John Shaqi.
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