Charles Lamb--"delightful author"--opens his unique "Essays of Elia" with a picturesque description of the quaint "South Sea House." Threadneedle Street becomes a magnetic name as we wander along it toward Bishopsgate Street "from the Bank, thinking of the old house with the oaken wainscots hung with pictures of deceased governors and sub-governors of Queen Anne, and the first monarchs of the Brunswick dynasty--huge charts which subsequent discoveries have made antiquated--dusty maps, dim as dreams, and soundings of the Bay of Panama." But Lamb, after all, was only a short time in the South Sea House, while for more than thirty years he was a clerk in the India House, partaking of the genius of the place. The India House was the abode of a Company far more famous than the South Sea Company, dating back more than a century before the "Bubble" Company, having been brought into existence on the last day of the sixteenth century by good Queen Bess herself. To a visitor, strolling down Leadenhall Street, it recalls the spirit of Lamb to turn into East India Avenue, and the mind wanders back to Clive and Burke of Macaulay's brilliant essay, in which he impales, with balanced phrase and perfect impartiality, Philip Francis and Warren Hastings alike. The London merchants were mighty men, men who could select their agents, and send their ships, and risk their money on every sea and on every shore. Nor was this only for gain, but for philanthropy as well. Across yonder is the abode of the New England Company, founded in 1649, and re-established by Charles II. in 1661--begun and still existing with its fixed income "for the propagation of the Gospel in New England and the adjoining parts of America," having had as its first president the Hon. Robert Boyle; and hard by are the offices of the Canada Company, now reaching its three-quarters of a century. Not always, however, as Macaulay points out, did the trading Companies remember that the pressure on their agents abroad for increased returns meant the temptation to take doubtful or illicit methods to gain their ends. They would have recoiled from the charge of Lady Macbeth,-- "Wouldst not play false, And yet wouldst wrongly win." Yet on the whole the Merchant Companies of London bear an honourable record, and have had a large share in laying the foundations of England's commercial greatness.