London City

by Walter Besant

On the accession of Edward IV. it became necessary for the quieting of men’s titles that the grants made by the Lancastrian kings should be confirmed, and accordingly the statute 1st Edward IV. cap. 1 was passed, by which it was enacted that all liberties and franchises granted by Henry IV., Henry V., and Henry VI., to counties or corporations, and among others to the wardens and commonalty of the Mystery of Mercers of the City of London, should be of the same force and virtue as if they had been granted by kings reigning de jure. The Mercers Company is the only company named in the Act, the others being included in general words.

MERCERS’ HALL

1463. This year is a most important one in the Company’s annals, as in it the court of assistants was first established. The business of the Company having very much increased, both on account of their connection with the Merchant Adventurers Company and also from the management of the trusts of Whittington, Abbot, and Estfield, it was felt that the whole burden of the Company’s affairs should not be cast upon the wardens, and that it was not desirable that the generality should be constantly called together. For many years previous to this date it had been the practice that the wardens, and the aldermen free of the Company, and their peers, should hold assemblies for the devising of ordinances or other matters, their deliberations being afterwards submitted to a general court for approval. On the 23rd of July 1463, at a general court of the Company, the following resolution was passed: “It is accorded that for the holding of many courts and congregations of the fellowship it is tedious and grievous to the body of the fellowship, and specially for matters of no great effect, that hereafter yearly shall be chosen and associate to the custoses for the time being, 12 other sufficient persons to be assistants to the said custoses, and all matters by them, or most part of them, finished, to be holden firm and stable, and the fellowship to abide by them.”

The rest of the history of the Mercers Company is mainly occupied by a recital of charities which were placed in their hands to administer. It is sufficient to call attention to the many and splendid endowments which have been placed in the hands of the Company.

The general court appoint three trustees of the Prisons’ Charities Trust, decide when the corporate seal shall be affixed, and determine the amount of fees which shall be paid for attendance at general courts, courts of assistants, and committees. The fee paid to a member for his attendance at general courts and courts of assistants is £4 : 4s., and to a member attending a committee, £2 : 2s.

(1) A freeman is entitled from Lady Campden’s legacy for loans, and from the money legacies for loans, to have the loan of not more than £500 without interest for not more than five years, giving approved security.

He is entitled, if his circumstances warrant it, and within the limits of the Company’s nominations, to have his sons placed in Christ’s Hospital under Daniel Westall’s gift, and clothed, boarded, and educated there from eight years old to fifteen, and perhaps to nineteen; and his daughters educated out of the Company’s funds at an expense not exceeding £50 per annum, from nine years of age to fifteen, and if they show reasonable proficiency and ability to seventeen, under regulations approved by the general court.

He is also entitled in case of old age, misfortune, or infirmity to receive relief proportioned to his circumstances out of the Company’s or out of Sir Richard Whittington’s estate, which was left to the Company specially for that purpose; and his widow and daughters are entitled to relief under similar circumstances.

(2) Liveryman.—A liveryman is entitled to the same advantages as a freeman, and in addition is invited to three dinners in the course of the year. He has the right to attend common hall, and to vote at elections of lord mayors and sheriffs and of such other officers of the Corporation of London as are elected by the livery; and if resident within a radius of twenty-five miles from the City, to vote at elections of members of Parliament for the City of London.