London City

by Walter Besant

THE GOLDSMITHS COMPANY

The Goldsmiths Company is mentioned in the year 1180, when it appears to have been a voluntary association. It doubtless had its origin in a combination of goldsmiths, for their mutual protection, and to guard the trade against fraudulent workers. In the year 1300 the existence of the Company is recognised by a statute, viz., the 28th Edward I., cap. 80, which provides for the standards of gold and silver, and enacts that all articles of those metals shall be assayed by the wardens of the craft, to whom certain powers of search are also given.

The first of the Company’s charters was granted to them by Edward III., in the first year of his reign (1327).

It states that it had been theretofore ordained that all those who were of the goldsmiths’ trade should sit in their shops in the High Street of Cheap (Cheapside), and that no silver or plate, nor vessel of gold or silver, ought to be sold in the City of London, except at the King’s Exchange, or in the said street of Cheap amongst the goldsmiths, and that publicly, to the end the persons of the said trade might inform themselves whether the sellers came lawfully by such vessel or not; that no gold or silver shall be manufactured to be sent abroad but what shall be sold at the King’s Exchange, or openly amongst the goldsmiths, and that none pretending to be goldsmiths shall keep any shops but in Cheap.

By two subsequent charters Edward III. confirmed and extended the privileges before granted, and he gave the Company licence to purchase and hold tenements and rents to the value of £20 per annum, for the relief of infirm members.

Richard II., by letters patent of the sixteenth of his reign, after reciting that Edward III. had allowed the Company of the said craft to accept charitable donations, and to purchase estates as aforesaid, and that they might retain a chaplain to celebrate Mass amongst them every day, confirmed the liberties granted by Edward III. and granted and licensed the men of the craft that thenceforth they may be a perpetual community or society amongst themselves.

Henry IV., by letters patent of his fifth year, recited and confirmed the preceding charters of Edward III. and Richard II.

Henry VI., by letters patent of his first year, also recited and confirmed the charter of Henry IV.

Edward IV., by letters patent of his second year, recited and confirmed the charters of his predecessors.

Moreover, he granted that the said then wardens and their successors may be a corporation or body corporate to consist of and be called the Wardens and Commonalty of the Mystery of Goldsmiths of the City of London. That they may be capable in law to purchase, take, and hold in fee and perpetuity lands, tenements, rents, and other possessions whatsoever of any persons whomsoever that shall be willing to give, devise, and assign the same to them. That they may have perpetual succession and a common seal.