THE GOLDSMITHS COMPANY

The Goldsmiths Company is mentioned in the year 1180, when it appears to have been a voluntary association. It doubtless had its origin in a combination of goldsmiths, for their mutual protection, and to guard the trade against fraudulent workers. In the year 1300 the existence of the Company is recognised by a statute, viz., the 28th Edward I., cap. 80, which provides for the standards of gold and silver, and enacts that all articles of those metals shall be assayed by the wardens of the craft, to whom certain powers of search are also given.

The first of the Company’s charters was granted to them by Edward III., in the first year of his reign (1327).

It states that it had been theretofore ordained that all those who were of the goldsmiths’ trade should sit in their shops in the High Street of Cheap (Cheapside), and that no silver or plate, nor vessel of gold or silver, ought to be sold in the City of London, except at the King’s Exchange, or in the said street of Cheap amongst the goldsmiths, and that publicly, to the end the persons of the said trade might inform themselves whether the sellers came lawfully by such vessel or not; that no gold or silver shall be manufactured to be sent abroad but what shall be sold at the King’s Exchange, or openly amongst the goldsmiths, and that none pretending to be goldsmiths shall keep any shops but in Cheap.

By two subsequent charters Edward III. confirmed and extended the privileges before granted, and he gave the Company licence to purchase and hold tenements and rents to the value of £20 per annum, for the relief of infirm members.

Richard II., by letters patent of the sixteenth of his reign, after reciting that Edward III. had allowed the Company of the said craft to accept charitable donations, and to purchase estates as aforesaid, and that they might retain a chaplain to celebrate Mass amongst them every day, confirmed the liberties granted by Edward III. and granted and licensed the men of the craft that thenceforth they may be a perpetual community or society amongst themselves.

Henry IV., by letters patent of his fifth year, recited and confirmed the preceding charters of Edward III. and Richard II.

Henry VI., by letters patent of his first year, also recited and confirmed the charter of Henry IV.

Edward IV., by letters patent of his second year, recited and confirmed the charters of his predecessors.

Moreover, he granted that the said then wardens and their successors may be a corporation or body corporate to consist of and be called the Wardens and Commonalty of the Mystery of Goldsmiths of the City of London. That they may be capable in law to purchase, take, and hold in fee and perpetuity lands, tenements, rents, and other possessions whatsoever of any persons whomsoever that shall be willing to give, devise, and assign the same to them. That they may have perpetual succession and a common seal.

Henry VII., by letters patent of the twentieth year of his reign, confirmed the whole of the preceding charters, and on account of the Company being opposed in their trade search and assay, granted by Edward IV., gave them the additional power to imprison or fine defaulters in the trade at their discretion; to seize and break unlawful work; to compel the trade, within three miles of the City, to bring their work to the Company’s common hall, to be assayed and stamped; and gave them power for ever, when it was not standard, to utterly condemn the same, without rendering account to the Crown.

The whole of the liberties and franchises granted to the Company by the preceding charters are set forth and confirmed by inspeximus charters of 1st of Henry VIII., 1st of Edward VI., 1st of Mary, 3rd of Elizabeth, 2nd of James I., and 18th of Charles II.

The Company also received a charter from James II. dated 4th of May in the first year of his reign, whereby, amongst other things, that monarch reserved to the Crown a right of control over the appointment of the wardens and clerk. The statute was made void by the Act of Parliament 2nd William and Mary, cap. 8.

The Company have also a copy of that part of the following patent which relates to their property, viz. 4th of Edward VI. The King to Augustine Hynde, and others.

The Company have also an exemplification under the great seal of letters patent granted to them by James I., in the seventeenth year of his reign (July 24, 1619), confirming to them the possession of a large quantity of property in the City of London.

The powers of the Company are exercised at the present time chiefly under the Acts of 12th George II., cap. 26, and 7th and 8th Victoria, cap. 22.

As before stated, it appears that the Company was at first a voluntary association, and had for its chief objects the protection of the mystery or craft of goldsmiths; but it was evidently also formed for religious and social purposes, and for the relief of the poor members.

From a drawing by Thos. H. Shepherd.
GOLDSMITHS’ HALL, 1835

The powers exercised by this voluntary association over the craft were subsequently confirmed to them by their charters. The wardens fined workmen for making wares worse than standard, entered their shops and searched for and seized false wares, settled disputes between masters and apprentices, and frequently punished rebellious apprentices by flogging, levied heavy fines upon members for slander and disobedience of the wardens, and for reviling members of the livery; and generally exercised a very powerful and absolute control, not only over the members of the fellowship, but also over all other persons exercising the goldsmiths’ trade.

For the purpose of the assay they had an assay office in the early part of the fourteenth century. The statute of 28th Edward I. enacts that no vessel of gold or silver shall depart out of the hands of the workman until it is assayed by the wardens of the craft, and stamped with the leopard’s head; the leopard being at that time part of the royal arms of England.

The Company and its members, even at this early period, appear to have acted as bankers and pawnbrokers. They received pledges, not only of plate, but of other articles, such as cloth of gold and pieces of napery.

The London goldsmiths were divided into two classes, natives and foreigners. They inhabited chiefly Cheapside, Old Change, Lombard Street, Foster Lane, St. Martin’s-le-Grand, Silver Street, Goldsmiths’ Street, Wood Street, and the lanes about Goldsmiths’ Hall. Cheapside was their principal place of residence; the part of it on the south side, extending from Bread Street to the Cross, was called “the Goldsmiths’ Row.” The shops here were occupied by goldsmiths, and here the Company possess many houses at the present time. The Exchange for the King’s coin was close by, in what is now called Old Change.

The native and foreign goldsmiths appear to have been divided into classes, and to have enjoyed different privileges. First, there were the members of the Company, who were chiefly, but not exclusively, Englishmen; their shops were subject to the control of the Company; they had the advantages conferred by the Company on its members, and they made certain payments for the support of the fellowship. The second division comprised the non-freemen, who were called “Allowes,” that is to say, allowed or licensed. There were the “Allowes Englis,” “Allowes Alicant,” “Alicant Strangers,” “Dutchmen,” “Men of the Fraternity of St. Loys,” etc. All these paid tribute to the Company, and were also subject to their control. The quarterage paid by the members, and the tribute so paid by the “Allowes,” constituted the Company’s original income. We find frequent mention of efforts made by the English goldsmiths to prevent foreign goldsmiths from settling in London, but they did not succeed. The wise men of the craft probably knew that the best artists were foreigners, and were willing to profit by observation of their works and mode of working. In 1445, thirty-four persons, who were strangers, were sworn, and paid 2s. a head. In 1447 Carlos Spaen paid £8 : 6 : 8 to the alms of St. Dunstan, to be admitted a freeman, and in 1511 John de Loren paid £20 for the same object.

The wardens also frequently obliged foreigners applying for the freedom to produce testimonials from the authorities of the towns abroad where they had resided.

The government of the trade under the Company’s charters continued up to the reign of Charles the Second. But some time before this period, and in the interval between it and the passing of the Act of the 12th George II., cap. 26, the powers which had been granted to the Company began to be questioned, and the Company experienced difficulty in putting them into force. In 1738 the Company considered it expedient to obtain an Act of Parliament.

And the 12th George II., cap. 26, passed in 1739, was prepared by the officers of the Company, brought into Parliament by them, with the assent of the government of the time, and all the cost of soliciting it and getting it passed was paid for by the Company, although it is a public Act.

Under this Act the Assay Office is regulated. The Company are empowered thereby to make charges for the assaying and marking plate sufficient only to defray the expenses of the office, and are prohibited from making any profit thereby or deriving any pecuniary advantage therefrom.

It may here be mentioned that at a very early period we find members of the governing body of the Company, both wardens and assistants, who were not of the craft. Amongst others, the leading bankers, themselves the descendants in trade of the old goldsmiths, from the time of the Stuarts to the present time, have been some of the most conspicuous members of the body. Amongst them we find the names of Sir Martin Bowes, who was Master of the Mint in the reign of Elizabeth; Sir Hugh Myddelton, the enterprising founder of the New River; Sir Francis Child, of Temple Bar; Sir Charles Duncombe, Sir James Pemberton, Sir Robert Vyner; and in the 19th century, Robert Williams and Thomas Halifax, Henry Sykes Thornton, William Banbury, John Charles Salt, Herbert Barnard, William Newmarch, William Cunliffe Brooks, Robert Ruthven Pym, Arthur B. Twining, Charles Hoare, and Robert Williams, jun.

It remains to mention the connection of the Company with the coinage of the realm in what is called the trial of the Pyx, an office which has been performed by the Company ever since the reign of Edward I. Its object is to ascertain that the metal of which the gold and silver money coined by the Mint is composed is standard, and that the coins themselves are of the prescribed weight.

This duty was performed in ancient times at uncertain intervals, and usually had for its immediate object the giving an acquittance to the Mint Master, who was bound to the Crown by indentures to coin money of the prescribed fineness and weight. But the Coinage Act of 1870 provides for and establishes an annual trial, and since that date the Pyx has been brought to Goldsmiths’ Hall and tried annually.

In 1900, for the first time, at the request of H.M.’s Treasury, a Pyx from each of the Colonial Mints coining Imperial Coinage was tried.

Formerly a jury of competent freemen, summoned by the wardens, was charged by the Lord Chancellor, who subsequently received their verdict.

The jury is sworn by the Crown Remembrancer, who, the trial having been made and the verdict of the jury reduced to writing, attends at the Hall and receives them; after which their names are published in the Gazette.

The number of the livery is 150. The Hall is in Foster Lane.

Privileges of membership:

A freeman of the Company has no advantages as such, except that if he be a deserving man and in need of pecuniary assistance he is eligible to receive, and would certainly receive, aid from the Company, either by pension or donation.

When the Guild first had a Hall we know not, but the Hall has stood on its present site for upwards of 550 years.

About 1340, land and a house at St. Vedast Lane and Ing Lane[[2]] corner, formerly belonging to Sir Nicholas de Segrave, was bought. This land still underlies part of the present Hall, and was in the midst of the gold- and silver-smiths’ quarter. In 1407, Sir Dru Barentine built the Goldsmiths a second Hall, wherefrom a gallery led to his house. Within the great hall were arras hangings, streamers, banners, tapestried benches, worked cushions, and a screen bearing their patron’s (St. Dunstan’s) silver-gilt statue bejewelled. There were chambers, parlour, ‘say-house, chapel with coloured hangings, great kitchen, vaults, granary, armoury, clerk’s house, beadle’s house, assayer’s house. This Hall decayed. Borrowing money, they built a third and larger, 1635-40, Stone being surveyor.

After the Great Fire they repaired and partly rebuilt their Hall, 1666-69, raising money slowly. Jarman was architect. The buildings, brick and stone, surrounded a paved quadrangle entered through the Doric archway in Foster Lane.

The great hall was “magnificent” with marbled floor, moulded ceiling, pillared screen, high wainscot, painted banners, costly plate. Within 140 years they found this Hall decaying. They pulled it down and built the present (fourth) Hall in 1830-35, Philip Hardwick being architect.

Like the Drapers, the Goldsmiths Company has taken up the cause of Technical Higher Education.


On the west side of Foster Lane stood also St. Leonard’s Church, which was the parish church for St. Martin’s-le-Grand. It was burnt down in the Great Fire and its parish annexed to that of Christ Church, Newgate Street. The earliest date of an incumbent is 1291.

The patronage of the church was in the hands of: the Dean and Canons of St. Martin’s-le-Grand, 1291; the Abbot and Convent of Westminster, 1509; Henry VIII., who seized it in 1540; the Dean and Chapter of Westminster, 1553-54, in whose successors it continues, they being the alternate patrons of Christ Church, Newgate Street.

Houseling people in 1548 were 452.

A chantry was founded here by and for William de Wyndesore, at the Altar of Virgin Mary, before 1368, when his endowment fetched £3 : 13 : 4. There are few charities recorded by Stow.

The church of St. Mary Staining was situated on the north side of Oat Lane, Foster Lane, and derived its name Staining from Painter Stainers dwelling there; or, according to some from stein, the Saxon for stone, other churches being built of wood. It was repaired and redecorated in 1630, and was burnt down in the Great Fire, but not rebuilt, its parish being annexed to that of St. Michael, Wood Street; the site of this church was made a burying-ground. The earliest date of an incumbent is 1270.

The patronage of the church was in the hands of: The Prioress and Convent of St. Mary, Clerkenwell; Henry VIII., and so continued in the Crown till the Great Fire, when the parish was annexed to St. Michael, Wood Street.

Houseling people in 1548 were 98.

Two monuments only are recorded by Stow, one in memory of George Smithes, goldsmith and alderman, who died in 1615, and the other of Sir Arthur Savage, knighted at Cadiz in 1596, who was General of Queen Elizabeth’s forces in France at the siege of Amiens; he died in 1632.

The parish received three legacies, payable yearly, namely: 15s. 6d. from Lady Read and Mr. Hill; £1 : 4s. from Mr. Lawne; and 1s. 6d. from Mr. Dean.

What Gresham Street is on the north of our present section, so Watling Street is on the south. It runs roughly parallel with Cheapside and Poultry. Stow says of it:

“Then for Watheling Street, which Leland called Atheling, or Noble Street; but since he showeth no reason why, I rather take it to be so named of that great highway of the same calling. True it is that at the present the inhabitants thereof are wealthy drapers, retaillers of woollen cloths, both broad and narrow, of all sorts, more than in any one street of this city.”

How came Watling Street, the old country road, into the City? The old Roman road, as it approached the Thames, passed down the Edgware Road. Where is now the Marble Arch it divided into two, of which the older part crossed the marsh, and so over Thorney Island? The other ran along what is now Oxford Street and Holborn.

It then crossed the valley of the Fleet and entered the City at the New Gate. If now we draw a line from Newgate to London Stone, just south of its present position, we shall find that it passes the north-east course of St. Paul’s precinct, cutting it off, so to speak, and meets the present Watling Street where it bends to the south of Bow Lane; it then follows the old Budge Row as far as the Stone. That was the original Watling Lane of the City. The Saxons, however, who found the streets a mass of confused ruins, built over part of the old Watling, and continued it as far as the south-east course of St. Paul’s. The street has few antiquities apart from its churches.

There is no mention of Watling Street in Riley’s Memorials.

In the Calendar of Wills we find shops in this street in 1307, a brewery in 1341, a widow’s mansion in 1349, and shops in 1361, “lands, tenements, and rents” in 1373, a house called “le Strelpas” in 1397. The other references to Watling Street are those of “tenements” only.

The yearly procession of the City rectors with the mayor and aldermen started from St. Peter’s, Cornhill, marched along Chepe as far as St. Paul’s Churchyard, turning to the south and so to “Watling Street Close,” which was the eastern entrance to the churchyard.

After the Fire, while the rubbish was being cleared away, on the east of the street were discovered nine wells in a row. They were supposed to have belonged to a street of houses from Watling Street to Cheapside. But one hardly expects to find a well in every house.

In Watling Street and its continuation, Budge Row, were the following churches, beginning at the west end: St. Augustine’s; Allhallows, Bread Street; St. Mary Aldermary; St. Anthony’s. For St. Augustine’s see p. [62], and for Allhallows see p. [58].