The Company seem to have exercised some supervision over the retailers of silk and other mercery wares previous to the reign of Queen Elizabeth; but such supervision was probably not founded on any legal basis, as a petition to the privy council at the commencement of that queen’s reign, praying that these rights should be recognised, was unsuccessful. The numbers of the Company have been recruited by the admission of apprentices, and from the sons of mercers, who have from very early times been always entitled to the freedom; and one reason for the smallness of the Company may probably have been the old custom, established so long ago as 1347, that no strangers should be admitted to the freedom without the consent of the generality. The Company has never been very numerous. In 1347, when it was refounded, 103 persons paid their entrance fees; in 1527 the Company numbered 144; in 1707, when most numerous, 331; and on December 31, 1880, 166. The earliest date of which there is a record in the Company’s books is the year 1347, when it was reorganised, if not refounded. The statement that no one should take as an apprentice one who had carried packs through the country, called pedlars, seems to show that a mercer at this time had ceased to be, if he had ever been, a pedlar. Previous to the charter granted by Richard II., the mercers did not pretend to be a corporation, but simply a member of the City. In their petition to Parliament in 10th Richard II., against Nicholas Brembre, then mayor, they call themselves “the folk of the mercerie, a member of the city.” The Company, having at this time no hall of their own, assembled either in the house of one of the wardens, or in the hall or church of the hospital of St. Thomas of Acon, the site of which is now occupied by their chapel and hall, and subsequently occasionally at the Prince’s Wardrobe in the Old Jewry. They had then no landed property, and their income was derived from subscriptions, apprentice fees, and fines, and amounted to about £20 a year. The Company’s first charter, enrolled at the Record Office (the original of which has been lost), is dated at Westminster the 13th January, 17th Richard II. (1393).