It was a fitting thing thus early to show his attachment to ancient Guilds and Corporate Constitutions. The Mercers' Company is the first in rank, and the most ancient of all the great City Guilds, and its roll of members is one of the most illustrious. Its existence as a Metropolitan Guild can be traced as far back as the year 1172, and the Company received its incorporation in 1392 from Richard II., who conferred upon it the honour of becoming one of its brethren. Besides the Royal names of King Henry VIII. and Queen Elizabeth, the Company can boast those of Sir Richard Whittington, William Caxton the Printer, Sir Thomas Gresham, and Dean Colet, the founder of St. Paul's School. The address to the Prince was read by the Master Warden, the Rev. Markland Barnard, who had the distinction of representing the fourteenth generation of his family, who had been freemen or wardens of the Company ever since the third year of Henry IV. To this address the Prince listened with marked attention, and then replied, in a clear and pleasing tone, which those who heard it said he inherited from his Royal mother:-- "Master and Court of Assistants,--I am glad to avail myself of the last opportunity which my stay in London affords me of attending here this day to receive the freedom of your ancient and honourable company. The oldest of the city companies, the Mercers', is hardly exceeded by any in the amount of its charities, or in its capabilities of doing good. How these powers have been exercised, the list of the foundations of the company and of the distinguished persons whom you have enumerated as benefactors and freemen tells us. Among the latter, the great Sovereign, who was herself a sister of the company, stands conspicuous; and commerce and science appear equally to have lent their representatives to ennoble the Mercers' Company. To be associated with such names in the freedom and history of your company is an honour and privilege I am proud to have conferred upon me. I thank you sincerely for the terms in which you have mentioned the names of my beloved mother and the Princess, and for the happiness you desire for us both." The Prince then subscribed the Oath of the Company, with its quaint old phraseology, affixing his usual signature, ALBERT EDWARD, P. The Clerk then presented His Royal Highness with the formal document which enrolled him as a Freeman, enclosed in a massive gold casket of exquisite design and workmanship. The numerous visitors who had witnessed the ceremony afterwards had a _déjeuner_ in the Banqueting Hall, the Prince with a small number of select guests being at the same time entertained in the Council Room. THE ROYAL LITERARY FUND. _May 18th, 1864._