Henry VII., by letters patent of the twentieth year of his reign, confirmed the whole of the preceding charters, and on account of the Company being opposed in their trade search and assay, granted by Edward IV., gave them the additional power to imprison or fine defaulters in the trade at their discretion; to seize and break unlawful work; to compel the trade, within three miles of the City, to bring their work to the Company’s common hall, to be assayed and stamped; and gave them power for ever, when it was not standard, to utterly condemn the same, without rendering account to the Crown.
The whole of the liberties and franchises granted to the Company by the preceding charters are set forth and confirmed by inspeximus charters of 1st of Henry VIII., 1st of Edward VI., 1st of Mary, 3rd of Elizabeth, 2nd of James I., and 18th of Charles II.
The Company also received a charter from James II. dated 4th of May in the first year of his reign, whereby, amongst other things, that monarch reserved to the Crown a right of control over the appointment of the wardens and clerk. The statute was made void by the Act of Parliament 2nd William and Mary, cap. 8.
The Company have also a copy of that part of the following patent which relates to their property, viz. 4th of Edward VI. The King to Augustine Hynde, and others.
The Company have also an exemplification under the great seal of letters patent granted to them by James I., in the seventeenth year of his reign (July 24, 1619), confirming to them the possession of a large quantity of property in the City of London.
The powers of the Company are exercised at the present time chiefly under the Acts of 12th George II., cap. 26, and 7th and 8th Victoria, cap. 22.
As before stated, it appears that the Company was at first a voluntary association, and had for its chief objects the protection of the mystery or craft of goldsmiths; but it was evidently also formed for religious and social purposes, and for the relief of the poor members.
From a drawing by Thos. H. Shepherd.
GOLDSMITHS’ HALL, 1835
The powers exercised by this voluntary association over the craft were subsequently confirmed to them by their charters. The wardens fined workmen for making wares worse than standard, entered their shops and searched for and seized false wares, settled disputes between masters and apprentices, and frequently punished rebellious apprentices by flogging, levied heavy fines upon members for slander and disobedience of the wardens, and for reviling members of the livery; and generally exercised a very powerful and absolute control, not only over the members of the fellowship, but also over all other persons exercising the goldsmiths’ trade.