Some years later, in 1504, he endowed the University with ten pounds a year in perpetuity for a religious service to be held in memory of him and his wife and of his parents. On the anniversary of his burial a hearse, covered with rich stuff, was to be set up in the middle of S. Mary's Church before the great crucifix, and there the Chancellor, the masters and the scholars were to recite certain specified prayers. Among the articles in the custody of the verger of the University is a very fine ancient pall of rich cloth of gold, embroidered with the arms and badges of Henry VII., the Tudor rose and the portcullis, that typify the union of the houses of York and Lancaster. Penurious in most matters, Henry VII. showed magnificence in building and in works of piety. In Westminster Abbey he erected one of the grandest chantries in Christendom; and it was for the exclusive benefit of the monks of Westminster that he established at Oxford three scholarships in Divinity, called after his name, and each endowed with a yearly income of ten pounds (Maxwell Lyte). Of Henry's parents, his mother, the Lady Margaret, Countess of Richmond,[31] took a warm interest in Oxford as in Cambridge, where she founded two colleges. It was she who founded the [Illustration: Magdalen Bridge & Tower] two Readerships in Divinity at Oxford (1497) and Cambridge, the oldest professorial chairs that exist in either University. His characteristically frugal offering was not the only sign of his favour which Henry vouchsafed to Magdalen. He sent his eldest son, Prince Arthur, frequently to Oxford. When there the boy stayed in the President's lodgings and the purchase of two marmosets for his amusement is recorded in the college accounts. One of the old pieces of tapestry preserved in the President's lodgings represents the marriage of the prince with Catherine of Aragon. It was probably presented to the President (Mayhew) by him. It is possible that Henry VII. also contributed to the cost of building that bell tower, which is the pride of Magdalen and the chief ornament of Oxford. The tower was built between the years 1492 and 1505. Wolsey was a junior fellow when the tower was begun, and though popular tradition ascribes to him the credit of the idea and even the design of that exquisite campanile, the fact that not he, but another senior fellow (Gosmore by name) was appointed to superintend the work, is evidence, so far as there is any evidence, that Wolsey had no particular share in the design. He was, however, senior bursar in 1499. But the story that he left the college because he had wrongly applied some of its funds to the building of the tower, is not borne out by any evidence in the college records. He ceased to be a fellow of Magdalen about 1501, having been instituted to the Rectory of Lymington. But he had filled the office of Dean of Divinity after his term as senior bursar was over.