Silver Penny coined at Hull in the Reign of Edward I.
The export trade in wool grew by leaps and bounds during the thirteenth century, and Hull was the port in the north of England that derived most benefit from this growth. At the close of the century there were ‘some sixty houses in the town, mostly built of clay and timber, and one-storied, with perhaps a chamber or two in the thatched roof; a gaol; a court-house; a church[[28]] ...; a monastery of White Friars; with some seven acres of land set apart for markets and fairs, and lying around and about where the Market-place now runs.’
Such was Wyke, or Hull, when in 1293 the monks of Meaux Abbey, its owners, sold the greater part of it to King Edward I., in exchange for other lands. Its annual value was £81 12s. 4d., and that of the part sold was £78 14s. 8d. With it were sold some farm lands and buildings at Myton, worth not quite half as much.
When the town thus passed into the King’s hands, he had to appoint a Warden to collect his rents, and the first King’s Warden rejoiced in the name of Richard Oysel. Six years later the townsmen obtained from the King a charter granting them all the privileges belonging to the inhabitants of a ‘Free Borough.’ Among these was the right of holding a market twice weekly, and a fair lasting for thirty days each year.
| Photo by] | [J.R. Boyle |
| Photograph of the Charter granted by Edward I. to the Townsmen of Hull in 1299. | |
| (One-fifth actual size). | |
Under its new name of the King’s Town upon Hull the port naturally drew to itself merchants from the less-privileged towns of the neighbourhood, and among those who came to take advantage of its privileges was a wealthy merchant of Ravenser named William de la Pole. With the migration of this Ravenser merchant began an uninterrupted course of prosperity both for his family and for the King’s Town.
William de la Pole’s two elder sons, Richard and William, came into great prominence as merchants. The ‘great Hull Firm of De la Pole Brothers’ has been a modern description of their business enterprise, and the adjective ‘great’ is rightly used. For not only was Richard de la Pole King Edward III.’s wine merchant, but the two brothers were also for many years the King’s bankers. As royal wine merchant, Richard had some twenty deputies in other ports of England, and as royal bankers the ‘Firm’ lent large sums of money to the King for the carrying on of his wars with Scotland and France.
In 1327, for instance, these Hull merchants lent the King sums amounting to £10,200; and in February of the next year the King, while at York, paid two wine bills, one of two thousand marks and the other of £1,200. Later on in this year, the brothers undertook to find £20 per day for the upkeep of the King’s household, and as much wine as was necessary.