The Shipwrights have had a corporate life of four centuries, originally known as the Brethren and Sisters of the Fraternity of SS. Simon and Jude, and were established on the river side at Southwark or Bermondsey. The use of "good and seasonable timber" in the building of ships was enjoined by their ordinances. Their well-stored yards of timber were, however, considered dangerous to the city, and the constant noise of hammering offended the ears of the citizens; hence the shipwrights migrated to Radcliffe, and they had much trouble with a colony of "foreigners," who dared to set up their yards at Rotherhithe, and actually obtained a charter from King James. A long and bitter struggle for supremacy ensued, and was not settled until 1684. The art of shipbuilding has been revolutionized by the advent of steam and the use of iron; the Thames side is no longer the great centre of the industry, and the importance of the company has waned, though it still exercises some useful functions.

The Spectacle-makers' Company has no great history, though their first charter dates back to the time of Charles I. Its membership is large, including many illustrious names, and no less than twenty lord mayors. It does much good in modern times by improving the skill of opticians. The Stationers have a noteworthy history, which has been graphically told by Mr. C. R. Rivington, and celebrated their five-hundredth birthday four years ago. For an account of their powers, privileges, and the story of their copyright register, I must refer the curious reader to Mr. Rivington's book, or to my larger history of The City Companies of London and their Good Works.

The Tallow Chandlers can boast of great antiquity, and possess several charters and documents of much interest, and also the Tin-plate Workers, alias Wire Workers' Company. The Tylers and Bricklayers formed a fraternity in 1356, and have received charters from Queen Elizabeth and subsequent monarchs, which contain no remarkable provisions. The Turners or "Wood-potters" showed their skill in mediæval times in the manufacture of household furniture, and their fellowship was recognised in 1310. They received a charter from James I., and in modern times have shown much activity, and have enrolled many distinguished men in their rank of Freemen. The Upholder is really an upholster, or upholsterer, who now supplies furniture, beds, and such-like goods. His company was founded in 1460, and received a grant of arms from Edward IV. Cornhill was the original home of the upholder, or fripperer, as he was sometimes called, and he used to deal in old clothes, old beds, old armour, old combs, and his shop must have been a combination of old curiosity shop and a store-dealer's warehouse. Later on, he concentrated his attention on furniture; his status improved, and his guild became an important association, though never very wealthy or remarkable.

The Wax Chandlers lived in palmy days, when they furnished the great halls of the nobles with the produce of their skill, and innumerable lights burned before every altar in our churches. Their guild existed in 1371, and was qualified to make "torches, cierges, prikits, great candles, or any other manner of wax chandlery." They still possess a hall in Gresham Street and Gutter Lane. The Weavers claim to possess the oldest company of all the city guilds. It certainly existed in the time of Henry I., and they have a charter of Henry II. which is signed by St. Thomas of Canterbury, and no less than eleven others. In the palmy days of the cloth industry they were very prosperous, but unfortunately few records of their former greatness remain. The Wheelwrights' Company suggests the fascinating study of the introduction of coaches and cars, upon which we cannot now embark, nor listen to the wails of the Thames watermen, who complained against new-fangled ways. This guild received a charter from Charles II., and did good service in protecting the lives of his Majesty's subjects from "the falling of carts and coaches through the ignorance and ill-work" of foreign craftsmen. Last, but not least, on the list stands the Woolmen's Company, founded in 1300, when the trade in wool was at its zenith. It has borne several names, and was identical with the guild of the wool-packers or wool-winders. Wool-combers were also licensed by the company. A noted member of this ancient fraternity was Sir John Crosby, the founder of Crosby Hall, "Grocer and Woolman," alderman of the city in the reign of Edward IV., whose noble house London has at length declined to spare.

The Vicissitudes of the Companies

From this brief record of the City Companies, and of the part each one played in the drama of the life of London, it will be gathered that most of these guilds showed strong and vigorous growth in the fifteenth century, and were thoroughly established. Then came the period of the Reformation, which proved a time of storm and stress to the companies. They held much property bequeathed to them for the endowment of chantries, for the celebration of masses for the dead, and for other purposes which were deemed to be connected with "superstition." The companies were rich. Greed and spoliation were rampant, and many powerful courtiers were eager enough to prove "superstitious uses" as an excuse for confiscation. Hence a very large amount of the property of the companies, as well as of plate and other valuables, was seized by these robbers, and the guilds were compelled to redeem their lands and wealth by paying down hard cash to the plunderers. It was a grievous time, but the companies weathered the storm, and regained by much sacrifice their possessions. The system of forced loans instituted by the Tudor and Stuart monarchs also pressed hard upon the companies. Henry VIII. required of them £21,000—an enormous sum in those days—for his war with Scotland. Philip and Mary demanded £100,000 for the war with France. The Mercers alone supplied Queen Elizabeth with £4,000 after the defeat of the Spanish Armada. Before the Petition of Rights put an end to these forced loans, Charles I. extracted a loan of £120,000 from the city, and the Civil War made further demands on the funds of the companies, both contending parties pressing them for money. It need not be added that little of this enormous wealth was ever returned to the guilds, and they were much impoverished. Many of them were compelled to sell their plate and other valuables, and some were almost reduced to the verge of bankruptcy.

Another drain upon the resources of the companies was the scheme of James I. to establish the Ulster Plantation upon land forfeited to the Crown through a recent rebellion there. The King offered the land to the City Companies for a colony, pointing out the very great advantages which the land afforded. These were painted in very glowing colours, but scarcely answered the expectations of the colonists. The active citizens of London at once formed the Irish Society, raised £60,000 for the purchase of the land from the sagacious King, and each company took an equal share. The old county of Derry was the chief scene of this enterprise, and in token of its new masters was rechristened London-Derry. The colony had scarcely been established when Charles I., with his strange arbitrariness, removed the grant, but it was restored by Charles II., and most of the estates still belong to the energetic companies, and have been made the most prosperous part of the "distressed island."

But the greatest of all the misfortunes which have befallen the companies was the Great Fire. Hall after hall, replete with costly treasures bequeathed by departed brethren of the guilds, with all their archives and documents, perished in that hideous holocaust. All the wealth that rapacious kings and the troubles of the Civil War had spared was engulfed in that awful catastrophe. Again and again, when we try to read the history of a company, we meet with the distressing intelligence that all its records were destroyed in the Great Fire. Very few escaped. The leather-sellers, pinners, and ironmongers were happily without the range of the conflagration. All the books of the companies abound with graphic details of this calamity. It melted their plate, burned their records, and laid their property, from which they chiefly derived their incomes, in ashes. At the same time they were burdened with a load of debt, the consequence of the compulsory loans to which I have referred, and saw no means left of paying. The clouds that hung over the companies were as black as the clouds of smoke that issued from the burning ruins of their halls. But their English hearts were not daunted, and bravely did they struggle with their adversities. They immediately set to work to do what they could to save the relics of their fortunes. They first took steps to secure their melted plate from the ruined buildings. Then they set about the rebuilding of their properties. Extraordinary exertions were made. The wealthier members subscribed vast sums of money. The houses of their tenants rose like magic from the ruins, and it is remarkable that in no more than two or three years' time most of the halls of the companies were rebuilt, and many shone forth with additional splendour. The reign of Charles II. did not, however, conclude without involving the companies in additional anxiety, occasioned by the King's arbitrary interference in their affairs by his quo warranto proceedings. He presumed to call into question the validity of the charter of the city of London, and declared it to be forfeited; and not only that, but also the charters of all the corporations in England, including those of the City Companies. The whole business, when regarded in the light of history, appears farcical and absurd, but the danger to the life of the corporations appeared very real and tremendous to the good citizens of London in the year 1684. They behaved in a most loyal and submissive manner, surrendered their charters, expressed their fear that they had offended their sovereign, who, "in his princely wisdom," had issued a quo warranto against them, and earnestly begged to have their charters renewed. The King granted them new charters, which rivetted strong fetters about the guilds, placed them, bound hand and foot, at the mercy of the King, and reduced the city to entire subservience. James II. showed no inclination to release the city and the companies from their bonds, until the news of the advent of the Prince of Orange forced him to make an act of restitution; the old charters were restored, and the proceedings quo warranto were hastily quashed. One of the first acts of William and Mary was to renew the old charters and declare that all the acts of the Stuart monarchs, with regard to the suppression of these ancient documents and the granting of new ones, were entirely null and void. This action endeared the new sovereign to the citizens, and, doubtless, helped greatly to secure for him the English throne and the loyalty of his people.

Public confidence being restored, the affairs of the companies began to improve. Though still hampered by the loss of much wealth, and by the misfortunes through which they had passed, their members were wealthy, and gifts and bequests were not lacking. It is true that their connection with the trades which they were supposed to govern was fast dying out—indeed, many of their trades had for a long time become obsolete—but the corporations still cared for their poor members, managed their estates, promoted in some measure the trades with which they were associated, and took their part in the government of the affairs of the city. The value of their city property increased enormously, and raised them from poverty to affluence. This has enabled them to institute vast schemes of charity and munificence, which enormously benefits the whole country, and to maintain, preserve, and develop those magnificent educational and charitable establishments which pious benefactors have committed to their care. In my book on The City Companies of London and their Good Works I have told at some length their interesting story, and given a full account of their charities and treasures, and how by wise schemes they have adapted old bequests to modern needs, and how they maintain the hospitable traditions of the city of London. But that story relates not to Old London, and need not be told again.

The Halls of the Companies