London (England) -- Description and travel; London (England) -- History -- 16th century -- Sources; London (England) -- Surveys
On the north side of the street, from the east unto the west, have ye
divers fair houses for merchants and other, amongst the which one large
house is called the Wey house, where merchandises brought from beyond
the seas are to be weighed at the king’s beam. This house hath a master,
and under him four master porters, with porters under them: they have a
strong cart, and four great horses, to draw and carry the wares from the
merchants’ houses to the beam and back again. Sir Thomas Lovell, knight,
built this house, with a fair front of tenements towards the street; all
which he gave to the Grocers of London, himself being free of the city,
and a brother of that company.
Then have ye the said Finke’s lane, the south end of which lane on both
sides is in Cornehill ward.
Then next is the Royal Exchange, erected in the year 1566, after this
order, namely, certain houses upon Cornehill, and the like upon the
back thereof, in the ward of Brode street, with three alleys, the
first called Swan alley, opening into Cornehill, the second New alley,
passing throughout of Cornehill into Brode street ward, over against
St. Bartholomew lane, the third St. Christopher’s alley, opening into
Brode street ward, and into St. Christopher’s parish, containing in all
fourscore households, were first purchased by the citizens of London,
for more than three thousand five hundred and thirty-two pounds, and
were sold for four hundred and seventy-eight pounds, to such persons as
should take them down and carry them thence; also the ground or plot was
made plain at the charges of the city; and then possession thereof was
by certain aldermen, in name of the whole citizens, given to Sir Thomas
Gresham, knight, agent to the queen’s highness, thereupon to build a
burse, or place for merchants to assemble, at his own proper charges.
And he, on the 7th of June, laying the first stone of the foundation,
being brick, accompanied with some aldermen, every of them laid a piece
of gold, which the workmen took up, and forthwith followed upon the same
with such diligence, that by the month of November, in the year 1567,
the same was covered with slate, and shortly after fully finished.
In the year 1570, on the 23rd of January, the queen’s majesty, attended
with her nobility, came from her house at the Strand, called Somerset
house, and entered the city by Temple Bar, through Fleet street, Cheape,
and so by the north side of the burse, through Threeneedle street, to
Sir Thomas Gresham’s in Bishopsgate street, where she dined. After
dinner her majesty returning through Cornehill, entered the burse on the
south side; and after that she had viewed every part thereof above the
ground, especially the pawn, which was richly furnished with all sorts
of the finest wares in the city, she caused the same burse by an herald
and trumpet to be proclaimed the Royal Exchange, and so to be called
from thenceforth, and not otherwise.
Public-domain text, read in full here on John Shaqi.
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