The aldermen of the city continued to be pressed for a loan of £100,000, and after many refusals they at length consented to advance £30,000; but "what is that"—wrote Chamberlain to Carleton—"among so many who gape and starve after it?"[210]
The king entertained at Alderman Cockaine's house. 8 June, 1616.
During the brief career of the new company Cockaine had enjoyed the honour of entertaining the king at his own house in Broad Street. The cost of the entertainment, which took place on the 8th June, 1616—including a bason of gold and £1,000 presented to James and another gift of £500 to Prince Charles—amounted to more than £3,000, and this (we are told) was discharged by the company, whilst his majesty reserved his thanks for Cockaine alone, and at parting conferred upon him the honour of knighthood with the civic sword.[211]
Knights of the Bath at Drapers' Hall, Nov., 1616.
A few months later (Nov., 1616) the city was the scene of another festive gathering, the occasion being a supper given at Drapers' Hall to the recently created Knights of the Bath. That the wives of city burgesses were looked upon as fair game for the courtier to fly at may be seen in the works of the dramatists of the day; nor was the merchant's or tradesman's daughter averse to the attention of the court gallant when kept within reasonable bounds, but on this occasion the exuberant spirits of the knights, after the long ordeal they had recently gone through, appear to have overcome them, for, we are told, they were so rude and unmannerly and carried themselves[pg 070] so insolently divers ways, but specially in "putting citizens' wives to the squeak," that the sheriff interfered, whereupon they left the hall in high dudgeon without waiting for the supper prepared for them.[212]
Request for a loan of £100,000, 1617.
Previous to his departure on a progress to Scotland in the spring of 1617, the king addressed a letter to the mayor and Common Council of the City asking for a loan of £100,000.[213] The necessary occasions of his affairs, he said, required just then "the present use of good somes of money," by way of a loan, and he could think of no better way of supplying himself than by resorting, as his forefathers had done, "to the love" of his city, and borrowing the money upon the credit of its common bonds. He reminded them that whenever he had borrowed money the lenders had always received "royall paiement," and he doubted not that they would now act as their own registers and records would show that their predecessors had acted on similar occasions. On the 22nd January this application was read to the Common Council, when, after mature deliberation, it was unanimously agreed—"without either word or hand to the contrary"—that one or more bonds should be made in the name of the Mayor and Commonalty and Citizens of London, under their common seal, for the repayment of principal, together with interest, to those who were willing to contribute towards the loan, upon such counter security as was mentioned in the king's letter. The security there mentioned was to be under the great seal and of such a character as the city had[pg 071] been accustomed formerly to receive from the king's predecessors. It appears that James had a few days before endeavoured to get the citizens to advance the sum of £100,000 on the security of the crown jewels, but this proposal had met with little favour.[214]
Difficulty experienced in raising the money.
In March the mayor, John Leman, received the honour of knighthood and was publicly thanked by the king for the forwardness displayed by the citizens in the loan, although the money had not at the time been raised.[215] Great difficulty was experienced in raising the money. One London merchant, John Eldred, whose name frequently occurs in the State Papers in connection with advances to the king, endeavoured to get the amount of his assessment reduced by £400,[216] whilst another, William Cater, kept out of the way to avoid contributing to the loan.[217] In May there was still a deficiency of £20,000, which called forth a reprimand from the lords of the council. The city authorities had been observed to omit or else to sparingly handle many of the best citizens who were "nicetest" to be dealt with, and especially intended for the purpose, and to lay the burden of contribution upon persons of weak and mean estate, or such as otherwise by their quality and place were not so fit to be called upon for any such occasion.[218]
Reception of James on his return from Scotland, Sept., 1617.