The plan adopted by Sir Thomas, in the formation of his building, was similar to the one at Antwerp. An open area was inclosed by a quadrangle of lofty stone-buildings, with a colonnade as at present, supported, by marble columns of the Doric order, over which ran a cornice, with Ionic pilasters above, having niches between, containing statues of the English Sovereigns. The entrances were from Cornhill and Broad-street. Over the first, between two Ionic three-quarter columns, were the Royal Arms, and on either side were those of the City and Sir Thomas; on the north side, but not exactly in the centre, rose a Corinthian pillar to about the same height as the tower in front surmounted with the grasshopper. In every other respect it was similar to the south, of which the previous engraving is a view. Over the arcade were shops, to which you ascended by two staircases, north and south. Above stairs were about[1] one hundred shops, varying from 2-3/4 feet to 20 in breadth and forming a sort of bazaar, then called the Pawne. These shops, for the first two or three years did not answer the expectation of the founder, for such was the force of habit, that the merchants, notwithstanding all the inconveniences attending Lombard-street, could not be prevailed upon to avail themselves of the new mart. [1] From an old Vestry-book belonging to St. Michael's we also learn the rents of the shops, which were at first only forty shillings, in the course of a few years were raised to four marks; afterwards to four pounds, and after the fire they were let at ten shillings per foot. The building had been opened two or three years, when the Queen signified her intention of paying it a visit of inspection; but so many of the shops still remained unoccupied, that Sir Thomas found it necessary to go round to the shopkeepers, and beseech them "to furnish and adorne it with wares and wax lights, in as many shoppes as they either could or woulde, and they should have all those so furnished rent-free for that yeare."--_Stowe_. Her Majesty on the day fixed (Jan. 23, 1570), having dined with the founder, at his house in Bishopsgate-street, returned by the way of Cornhill, and entered on the south side; and having viewed it, she expressed herself much pleased; and, with the national spirit which so eminently distinguished her, commanded that, instead of the foreign name _Bourse_, by which the citizens had begun to call it, it should be styled, in plain English--The Royal Exchange--which was proclaimed by sound of trumpet:-- "Proclaim through every high street of the city, This place be no longer called a Burse; But since the building's stately, fair, and strange, Be it for ever called--The Royal Exchange!"[2] [2] Second part of "Queen Elizabeth's Troubles"--a Play, by T. Heywood, 1609.