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
For some days before parliament was dissolved every effort had been made
by the king to get the mayor and aldermen to lend him £100,000. This being
found impossible, the mayor, Henry Garway, or Garraway, was directed to
make out a list of the wealthiest commoners. After several attempts to
negotiate with the aldermen individually, they were summoned to appear in
a body on Sunday, the 11th April. Charles himself then told them that his
necessity at the time was so great that he must borrow £100,000 of the
City; that he must not be denied; the money he must have at once, as it
would benefit him more then than twenty subsidies granted by parliament
afterwards. After the king had finished speaking the Lord Privy Seal(401)
addressed them, setting forth that a similar sum had been advanced by the
City to King James; that he himself, being Recorder at the time, had lent
£3,000 towards it, and that the money had been repaid with interest. The
City, he continued, was rather beholden to his majesty for taking the
money and repaying it with interest, than the king beholden to the City
for lending it. He further instanced the case of the City having lent King
Henry III a sum of £100,000 rather than allow that monarch to pledge his
crown and jewels to the merchants of the Steelyard, and it was truly
repaid. To this the aldermen were not permitted to make any reply, but
were sent away to advise together how the sum should be raised.(402)
On Thursday, the 7th May, the mayor and aldermen were again summoned
before the council, when they were told that, having failed to provide the
sum previously asked for, they would now have to find £200,000. If the
latter sum was not forthcoming the king threatened to "have £300,000 of
the city." They were to come again on the following Sunday (10 May) and
bring with them a list of the rich men of the wards.
(M158)
Public-domain text, read in full here on John Shaqi.
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