Guilds -- England -- London; London (England) -- Description and travel; London (England) -- History
The next year the Great Fire of London inflicted losses on the
Company from which it did not recover for nearly a century. The
Company’s Hall and all the adjacent buildings (save the turret in
the garden, which fortunately contained the records and muniments of
the Company) and almost all the Company’s houses were destroyed. The
silver recovered from the ruins of the Hall was remelted and
produced nearly 200 lbs. weight of metal; this was sold for the
Company’s urgent present necessities. In 1668 Sir John Cutler came
forward and proposed to rebuild the parlour and dining-room at his
own charge. In the same year ninety-four members were added to the
Livery. The next year a petition was presented to Parliament praying
for leave to bring in a Bill to raise £20,000 by an equal assessment
upon the members of the Company of ability. The application to
Parliament failed, and an effort was then made to raise the £20,000
among the members, but only £6000 was subscribed.
In January 1671 a Special Court was summoned to consider a Bill
exhibited in Parliament by some of the Company’s creditors, praying
for an Act for the sale of the Company’s Hall, lands, and estates to
satisfy debts; and to make members of the Court liable for debts
incurred. A Committee was appointed and in 1672 the Hall was, at the
instance of the Governors of Christ’s Hospital, sequestered, and the
Company ejected till 1679, when, after great difficulties and
impediments, money was borrowed to pay off the debts and get rid of
the intruders. In 1680 the Court of Assistants agreed that the most
effectual way of regaining public confidence was to rebuild the
Hall.
In order to prevent a second sequestration an Inquisition was taken
in 1680 before Commissioners for Charitable Uses, and, pursuant to a
decree made by those Commissioners, a period of twenty years was
allowed to the Company to discharge their debts. The next year, to
secure an accession of influence and talent for the support of the
Company, sixty-five members were added to the Court, and a number of
Freemen were summoned, and eighty-one members added to the Livery.
Public-domain text, read in full here on John Shaqi.
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