The connection of the Earl of Salisbury with the New Exchange, and, incidentally, with the Durham House property, is somewhat curious. As already observed, there had been a fire in part of the buildings, in 1600, and, as Salisbury House was adjacent, the neighbouring ruins must have been an unpleasant prospect for the "crook-backed" and thrifty earl. So he bought the Strand part of the ground from Sir Tobie Matthew (1577-1655), who had secured from his father, Bishop Matthew, "an interest in certain outlying portions of Durham House and its purlieus, which was valuable enough to be purchased by Robert Cecil, in the year following the Bishop's translation to York, for the sum of 1200 L." This was in 1607, and, in 1609, he obtained a lease of the courtyard of Durham House, the rest of the property remaining in the possession of the see of Durham until 1630. Cecil, who had been created Earl of Salisbury by James I. in 1605, was in high favour with the King at this period, so that he was able to reply to the petition of the citizens against his building of the Exchange "that Westminster being the place where he was born and of his abode, he sees not but that he may seek to benefit and beautify it" (J. Chamberlain to Dudley Carleton). At the same time, he seems to have behaved fairly enough in another matter, for on September 25, 1609, the then Bishop of Durham, William James, wrote to Thomas Wilson, Lord Salisbury's steward, thanking the Earl for causing stables to be built for him at Durham House, and requesting the delivery of the key to his servant "in order that hay and straw may be provided there, against his coming up to Parliament."