At the meeting, which from its most general name of “mornspeche” appears to have followed soon after Mass, great solemnity was observed. The double-locked box[83] was opened by the two Wardens[84] amidst a reverential silence, and the composition or charter preserved in it rehearsed to the assembled brethren. Business was then proceeded with:—election of officers, admittance of new brethren, authorisation of indentures. Then if necessary regulations were passed for the government of the Gild and ordinances made for the due protection of trade, such as summonses to Intruders to enter the union. The ordinary penalties which the companies might inflict were fines of money or of wax, (in which king and corporation shared and which they were consequently willing to enforce,) and, in extreme cases total expulsion from the Gild, which of course meant exclusion from trade within the town.

Halls.

After the “mornspeche” came the mutual feast. The brethren had begun the day by union for worship, they ended it with union for social and convivial festivity. In later times the business portion of the meeting was transacted in the Hall of the Gild and the brethren afterwards adjourned to some convenient tavern. Several of the Halls were standing until quite recent times. Such were those of the Mercers, Tailors, and Weavers[85]. That of the Shearmen is now used as an Auction Mart, but the Drapers’ Hall still retains its former dignity.

Necessity of historical attitude

It will be necessary to attempt some estimation of the extent and value of the influence which the Gilds exercised on contemporary life and thought. In doing this, and indeed in dealing with the whole subject of trade regulation in the Middle Ages, it is necessary to bear continually in mind that not only were the conditions of trade then very materially different from those under which we now live, but that Economic Theory was still more at variance with modern views. It is necessary therefore to take a historical attitude, and to try to appreciate both the difference of social conditions, and the difference of objects in view. These objects may be considered firstly as individual and perhaps selfish; and, secondly, as general and for the common good.

in estimating importance of Gilds; Commercial,

1. If we consider the charters from the first point of view we see that the trade regulations were dictated by the desire to secure to all the brethren their means of livelihood: “no broder” was to “induce or tyce any other Mastres Accostom,” or to employ the servants of another combrother, or otherwise to act in a spirit of unbrotherly and dishonourable competition. The charters are full of such regulations. No member might obtrude wares before passers in the open street, or erect booths “for to have better sale than eny of the combrethren[86].”

2. Similarly also if we view the compositions in light of what we have described as the second of their objects. The excellent motive of mediæval regulation of industry was to secure the prosperity of trade by ensuring skilled workmanship and proper materials. In consequence it was forbidden for workmen whose capacity was unknown to work in the town until their efficiency had been proved. The Barbers’ composition of 1432 ordered that “no man’ p’sone sette up nother holde no shoppe in Privite ny apperte ny shave as a Maistre withinne the saide Tow’ ny Franchise in to the Tyme that ev’y such p’sone have the Wille and Assent of the Stywardes and Maistres of the saide Crafte.” It was the desire to ensure the public being well served that prompted the articles in the composition of the Mercers (1480-1) which ordered the Searcher “to make serche uppon all the occupyers of the saide Craftes ... that non of theym occupie eny false Balaunce Weight or Mesures belongeing to the sayde Craftes or eny of theym, wherebie the Kyngs People in eny wyse myght be hurt or dysseyved.” It was also part of the same officer’s duties to “oversee that any thyng app’tenyng to the saide Craftes or eny of theym to be boght and solde in the saide Towne and Frauncheses be able suffyceant and lawfull and that noe dyssayte nor gyle to the Kyngs liege people therbye be had.” No indentures were to be drawn for less than “seven years at the least,” so that adequate training should be secured.

We thus perceive how the Craft Gilds differed, on the one hand from the Frith Gilds of more ancient times, and on the other from the Commercial Companies of later days. The former were associations in which every member was responsible for the actions of each of his fellows; in the Craft Gilds each member bound himself to abide by the regulations of the rest. The essence of the later Commercial Companies is union for mere pecuniary gain; the Gilds set in the forefront of the objects of their association the material benefit of the community and the religious and moral good of the individual. The resemblance between Trades Unions and the Mediæval Gilds is not entirely fanciful; but no two documents can be more widely different than the Prospectus of a Limited Liability Company and a Gild Charter of the Middle Ages.

Social,