The Royal Exchange : $b a note on the occasion of the bicentenary of the Royal Exchange AssuranceMason, A. E. W. (Alfred Edward Woodley)
History
The Royal Exchange : $b a note on the occasion of the bicentenary of the Royal Exchange Assurance
Mason, A. E. W. (Alfred Edward Woodley)
Royal Exchange (London, England) -- History; Royal Exchange Assurance (Firm) -- History
The Corporation’s machinery for dealing with fires was at this time,
primitive as all such arrangements then were. It appointed one man
whose business it was to fix the firemarks upon the houses insured,
and in his odd times to run messages for the office. The firemark
itself was an object of some discussion at the meetings of the Board.
It was too heavy, and it seems there was too much gilding to satisfy
the frugality of the Directors. Mr. Spelman, the Fire Clerk, was
accordingly ordered to provide two new samples from which the Directors
might choose; and he was especially enjoined to inform the Committee
of the exact price of the mark “distinguishing what the lead will cost
and what the gilding will come to.” It seems that the unfortunate Mr.
Spelman, even with this sharp hint to remind him of his duties, could
not restrain his passion for gilding. The Fire Committee accordingly
took the matter out of Mr. Spelman’s hands and ordered “the Plumber
that used to serve the Company to make a model of the mark with a
large crown, and lay the expense before the Committee.” The Plumber
understood his Committee better than Mr. Spelman, and the Firemark with
the large crown, which to-day decorates some of the houses originally
insured under a policy with the Royal Exchange Assurance Corporation,
is the very same mark which was designed in 1721 by that economical and
understanding plumber. Mr. Smith, who founded the plumber’s design,
received 14½d. for each firemark. The ha’penny alone should have been
sufficient by the confidence which it inspired in the economical
management of the Company to have brought hundreds of annuitants on to
those hone stones which paved the second Royal Exchange as they had
done the first.
To the one fireman and messenger combined were shortly added others,
and we find in the year 1752 that thirty-six firemen, nine porters and
four carmen paraded the West end of the town--it is to be supposed as
an advertisement for the Corporation. It was the custom of those days
to employ as firemen, watermen who plied habitually on the Thames.
These were stout and handy men, although since the Thames was the
general highway of London, it looks as if their ordinary occupation
must have suffered. They wore the liveries of their separate offices,
and those employed by the Royal Exchange Assurance Corporation must
have cut a fine figure when they paraded the West end of the town, in a
livery of yellow lined with pink, with music playing in front of them,
and five shillings in their pockets for their dinners. The custom by
which each separate insurance company kept its own firemen was a bad
one in the public interest. For it meant that if the house in flames
bore the firemark of a different company, the firemen simply went home
and left the building burning. It was not until January 1866, that the
Metropolitan Fire Brigade, as we know it, came into existence.
Public-domain text, read in full here on John Shaqi.
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