The Mirror of Literature, Amusement, and Instruction. Volume 14, No. 380, July 11, 1829

The engraving is an interesting illustration of the architecture of the metropolis in the seventeenth century, independent of its local association with names illustrious in historical record.
In former times, when persons of the same trade congregated together in some particular street, the mercers principally assembled in West Cheap, now called Cheapside, near where the above hall stands, and thence called by the name of the Mercery. In Lydgate's London Lyckpenny , are the following lines alluding to this custom:
Then to Chepe I began me drawne,
When much people I saw for to stand;
One offered me velvet, silk and lawne
And another he taketh me by the hand.
Here is Paris thread, the finest in the land.
Pennant thus describes the principal historical data of the spot:
In the old church were several monuments; among others, one to James Butler, Earl of Ormond, and Joan his wife, living in the beginning of the reign of Henry VI. The whole pile was destroyed in the great fire, but was very handsomely rebuilt by the Mercers' Company, who have their Hall here.
In this chapel the celebrated, but unsteady, archbishop of Spalato, preached his first sermon in 1617, in Italian, before the Archbishop of Canterbury, and a splendid audience; and continued his discourses in the same place several times, after he had embraced our religion; but having the folly to return to his ancient faith, and trust himself among his old friends at Rome, he was shut up in the Castle of St. Angelo, where he died in 1625.
The Mercers' Company is the first of the twelve. The name by no means implied, originally, a dealer in silks: for mercery included all sorts of small wares, toys, and haberdashery; but, as several of this opulent company were merchants, and imported great quantities of rich silks from Italy, the name became applied to the Company, and all dealers in silk. Not fewer than sixty-two mayors were of this Company, between the years 1214 and 1762; among which were Sir John Coventry, Sir Richard Whittington, and Sir Richard and Sir John Gresham.