The origin of the Livery Companies is wrapped in impenetrable obscurity.
The attempt to trace them back to Roman times, though put forth by some
writers of authority, is entirely wanting in evidence for its support; and
the want of continuity in the early history of this country between Roman
and later times forbids the acceptance of such a theory. Other writers
have found the origin of the Guilds in the Gilda Mercatoria or Guild
Merchant, but this view is equally without evidence, as in London no
traces of the existence of a Guild Merchant are to be found. The
derivation of the term "Guild" is from the Anglo-Saxon verb "gildan," to
pay, and the primary obligation of each member of a guild was to
contribute his fixed annual payment to the common fund of the brotherhood;
his other duties included attendance at the business and religious
meetings of the guild, and at the funerals of deceased brethren. Two, at
least, of the Guilds--the Saddlers and the Weavers--clearly date back to
the Anglo-Saxon period. At the west end of Chepe, and on its north side,
was a locality known as the Saddlery of West Chepe. In its midst,
adjoining Foster Lane, was Saddlers' Hall, and close by, to the west, were
the precincts of the ancient monastery of St. Martin-le-Grand. The two
institutions were on friendly terms, as is shown by a document in the
Chapter House, Westminster, undated, but ascribed to the latter half of
the twelfth century, which records the terms of a convention between the
Guild and the church, the substance of which is as follows:--In return for
the prayers of the Brethren of St. Martin for the souls of the members of
the Fraternity of Saddlers, both living and deceased, the Saddlers
covenant to make their offerings at St. Martin's shrine, and to pay all
other lawful demands. This deed, within one hundred years of the Conquest,
makes mention of _ancient_ statutes then existing between the two bodies;
there is consequently little doubt that the origin of the Guild of
Saddlers belongs to Anglo-Saxon times. The Guild of Weavers is at least of
equal antiquity. This powerful body paid the sum of 16_l._ into the King's
Exchequer in the year 1130 by the hand of Robert, son of Lefstan, who was
probably Alderman of their Guild, the head of a guild being known by the
title of Alderman in the earliest times.
Public-domain text, read in full here on John Shaqi.
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