The Story of LondonWheatley, Henry B. (Henry Benjamin)
History
The Story of London
Wheatley, Henry B. (Henry Benjamin)
London (England) -- History
Matthew Paris tells us that the houses which the Italian moneylenders
built for themselves were so costly that, although at one period the
Italians were anxious to leave the kingdom to escape the persecutions
they suffered from, they were constrained to remain by the loss they
feared to incur by deserting their houses.[349]
In 1456 a serious attack was made upon the houses of the Lombards by the
mercers and other crafts led by William Cantelowe, alderman and mercer,
who was summoned before the King's Council and imprisoned. We learn also
from the Paston Letters that two of the men who joined in the attack
were hanged (ed. J. Gairdner, 1872, vol. i. p. 387). In Gregory's
_Chronicle_ it is said that the Lombards were compelled to quit London
and take up their residence in Southampton and Winchester. Dr. James
Gairdner writes of this outbreak: 'The withdrawal of the Lombard
merchants in all probability produced a sensible effect upon the
commerce of the city; for they made a bye-law among themselves that no
individual merchant of Northern Italy should henceforth go to London and
trade there.' This ordinance the Signory of Venice ratified by a decree
of the Senate, and prohibited, under a heavy fine, all Venetian vessels
from visiting the port of London.[350]
In spite of all this turmoil affairs settled down again, and the
foreigners appear to have returned to their London houses.
In connection with the introduction of Italian bankers into London, the
popular derivation of bankrupt from a broken bench is naturally called
to mind, and I have tried to find some allusion in the city records to a
broken bench in Lombard Street, but without success.
In Florio's _A New Worlde of Wordes_; or, _Dictionarie in Italian and
English_ (1598), we find the following entries:--
'Banca, a bench or a forme.
'Bancarotta, a bankrupt.'
In Torriano's edition of Florio (1650) we come upon these amplified
entries--
'Banca-rotta, a bankrout merchant, one that hath broken his credit.
'Banca fallito, a bank broken, a merchant's credit crackt.'
This is the explanation that commends itself to Dr. Murray (_New English
Dictionary_), who writes that he cannot trace the reference to a broken
bench earlier than that of Dr. Johnson, who introduced the suggestion
with the formula 'it is said.'
There is, however, an early note bearing on this derivation in Sir John
Skene's remarkable little book, _De Verborum Significatione_
(1641),[351] where we read under the words 'Dyour, Dyvour' this
explanation: 'In Latine, _cedere bonis_, quhilk is most commonly used
amongst merchandes to make bankrout, bankrupt or bankrompue; because the
doer thereof, as it were, breakis his bank, stalle or seete quhair he
used his traffique of before.'
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account