Newgate Street, Cheapside, Cornhill, Leadenhall, and Aldgate formed (as they do still) nearly a straight line, east and west. From this line to the wall on the north, in Plantagenet and early Tudor times, the city was largely composed of open spaces: chiefly the domains of religious houses; while south of the dividing line to the river the ground was thickly built over. After the Dissolution the transformation of the northern area began.

Considerable building took place in the reign of Edward VI.; but at the time of Elizabeth's accession the generally open character of this area, as compared with the more southerly part of the city, still subsisted. The increase of population, however, due very largely to people who flocked to London from all parts of the country, led to rapid building, which produced the Queen's famous proclamation to stay its further progress. To evade the ordinance, and to meet the ever-increasing demand, large houses were converted into tenements, and a vast number of people were thus accommodated who lived chiefly out-of-doors and took their meals in the taverns, inns, and ordinaries which abounded in all parts of the city. The pressure of demand continued, and the open spaces became gradually built over. The Queen and her government, aghast at the incessant tide of increase, in terror of the plague, recognised the futility of further prohibition, and avoided communication with the city as much as possible. At the slightest hint of plague Her Majesty would start off on one of her Progresses, or betake herself to Richmond, to Hampton Court, or to Greenwich.

Some of these transformations of ancient monastic purlieus may be briefly instanced. Within Newgate was the house and precinct of the Grey Friars. After the Dissolution the whole precinct was presented by Henry to the citizens of London, and here Edward VI. founded the school for poor fatherless children, which became famous as Christ's Hospital, "the Bluecoat school."

Let a short passage from Stow describe this change from the old order to the new:

"In the year 1552 began the repairing of the Greyfriars house for the poor fatherless children; and in the month of November the children were taken into the same, to the number of almost four hundred. On Christmas Day, in the afternoon, while the Lord Mayor and Aldermen rode to Paules, the children of Christ's Hospital stood from St. Lawrence Lane end in Cheape towards Paules, all in one livery of russet cotton, three hundred and forty in number; and in Easter next, they were in blue at the Spittle, and so have continued ever since."

The Greyfriars or Bluecoat school was one of the largest buildings in London. Its demesne extended to the city wall, in which there was a gate communicating with the grounds of St. Bartholomew's Hospital, the famous foundation of Rahere. The wall ran northward from the New Gate, the ground between the school and the wall on that side had been built over. There was a continuous line of building along Newgate Street to St. Martin's le Grand. The shambles or meat market occupied the centre of the street, called St. Nicholas Shambles, from a church which had been demolished since the Reformation.

From Newgate Street and the top of Cheapside to St. Anne's Lane was formerly the territory of the Collegiate Church and Sanctuary of St. Martin's le Grand. The college was dismantled after the edict of dissolution, but the sanctuary remained.

Some of the collegiate buildings had been converted into tenements, and other houses had been erected. These were occupied by "strangers born"—i.e., denizens who were not born Londoners—although within the walls the civic jurisdiction did not extend over this territory. Certain trades were carried on here outside the regulated industry of the city—e.g., tailoring and lace-making. The district became one of the resorts of the Elizabethan ruffler; and under the ægis of the ancient right of sanctuary a kind of Alsatia came into existence, the scene of many exciting episodes when debtors and fugitives from justice evaded their pursuers, and succeeded in reaching these precincts.

In Broad Street the ancient glory of the Augustine Friars was still a memory, and much of their spacious domain had been divided into gardens. The beautiful church remained, but the spire was becoming ruinous from neglect. Stow described the gardens, the gates of the precinct, and the great house which had been built here by William Paulet, first Marquis of Winchester, Lord Treasurer of England, "in place of Augustine friar's house, cloister, gardens, etc." There is an admirable irony in the recital of Stow at this point:

"The friars church he pulled not down, but the west end thereof, inclosed from the steeple and choir, was in the year 1550 granted to the Dutch nation in London, to be their preaching place: the other part—namely, the steeple, choir, and side aisles to the choir adjoining—he reserved to household uses, as for stowage of corn, coal and other things; his son and heir, Marquis of Winchester, sold the monuments of noblemen there buried in great number, the paving stone and whatsoever (which cost many thousands) for one hundred pounds, and in place thereof made fair stabling for horses. He caused the lead to be taken from the roofs, and laid tile in place thereof; which exchange proved not so profitable as he looked for, but rather to his disadvantage."