London Stone remained by the roadside until 1742, when being in danger
of extinction as an interferer with traffic, it was placed close by the
church door. In 1798 it was given the place in the church wall where it
is now.
St. Mary, Abchurch, was finished by Wren in 1689. Here was buried--the
monument can still be seen--Sir Patience Ward, a Lord Mayor of London,
under whose administration the Monument to the Great Fire was built.
The official residence of the Lord Mayor, the Mansion House, was built
150 years ago, on a spot where a fish market called Stocks Market had
been since 1282. The market was named from a pair of "stocks" which long
stood on the spot and were used for the exhibition of offenders, and
which continued near by after the market was established.
Where Lombard Street touches King William Street, is the church of St.
Mary Woolnoth, an old church rebuilt by Nicholas Hawksmoor, the
"domestic clerk" of Sir Christopher Wren. Here John Newton, the friend
of Cowper the poet, was rector for 28 years, and here he was buried.
The thoroughfare of bankers, Lombard Street, got its name from the
Longbards, rich bankers who settled in the district during the reign of
Edward II. They used as their emblem three golden balls, derived from
the lower part of the arms of the Dukes of Medici. These continue to
this day as the sign of the money lenders. Many romantic associations
belong to this street. Here lived, with her goldsmith husband, Jane
Shore, described by King Edward IV. as "the merriest harlot of his
reign," and who after the king's death was accused of witchcraft by the
Duke of Gloucester, put in open penance at Paul's Cross, and made to
walk through Fleet Street with a lighted taper in her hand.
Pope's Head Alley, the footway leading south from the Royal Exchange,
from Cornhill to Lombard Street, is where in the earliest years of the
13th century, King John had his City palace. The roadway took its name
from the famous tavern of the Pope's Head, which after 1430 stood for
three hundred years on the westerly side.
To the south of the Royal Exchange, in Change Alley, centred, in the
first quarter of the 18th century, the excitement attending the South
Sea Bubble affair. This was the great stock gambling scheme by which the
South Sea Company, holding a monopoly of the trade with the South Seas,
and trading on the extravagant ideas the public had of such trade,
created an extraordinary desire in many persons to participate in the
fabulous profits. The company was carried on by fraud and deceit until
the bubble burst and caused disaster and ruin to thousands of unwise
investors. Gay, in his "Panegyrical Epistle," writing of the South Sea
project said:
Why did 'Change Alley waste thy precious hours
Among the fools who gaped for golden showers?
No wonder they were caught by South Sea schemes
Who ne'er enjoyed a guinea but in dreams.
Public-domain text, read in full here on John Shaqi.
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