We have spoken of the City Companies. They still exist and though their former powers are gone and they no longer control the trades after which they are named, their power is still very great on account of the revenues which they possess and their administration of charities, institutions, &c., under their care. There were 109 in all, but many have been dissolved. There are still, however, 76. About half of these possess Halls which are now the Great Houses of the City. The number of livery men, i.e. members of the Companies, is 8,765. The Companies vary greatly in numbers: there are 448 Haberdashers, for instance: 380 Fishmongers: and 356 Spectacle Makers: while there are only 16 Fletchers, i.e. makers of arrows. Many of the trades are now extinct, such as the Fletchers above named, the Bowyers, the Girdlers, the Bowstring Makers and the Armourers. Some of these Companies are now very rich. One of them possesses an income, including Trust money, of 83,000_l._ a year. It must be acknowledged that the Companies carry on a great deal of good work with their money. Many of them, however, have little or nothing: the Basket Makers have only 102_l._ a year: the Glass Sellers only 21_l._ a year: the Tinplate Workers 7_l._ 7_s._ a year. If, therefore, you hear of the great riches of the City Companies remember (1) that 25 of them have less than 500_l._ a year each: and (2) that the rich Companies support Technical Colleges and Schools, grant scholarships, encourage trade, hold exhibitions, maintain almshouses, and make large grants to objects worthy of support. It is not likely that the privilege of electing the Lord Mayor will long continue to be in the hands of the Companies. It is not, indeed, worthy of a great City that its Chief Magistrate should be elected by so small a minority as 8,765 out of the hundreds of thousands who have their offices and transact their business in the City: but while this privilege will cease, the Companies may remain and continue to exercise a central influence, at the least in London, over the Crafts and Arts which they represent. Let us never destroy what has been useful: let us, on the other hand, preserve it, altered to meet changed circumstances. For an institution is not like a tree which grows and decays. If it is a good institution, built upon the needs and adapted to the circumstances of human nature, it will never decay but, like the Saxon form of popular election, live and develop and change as the people themselves change from age to age. 63. LONDON. GREATER LONDON.