“Exchange Alley, that lies next eastward, hath two passages out of Cornhill; one into Lombard Street, and another bending east into Birchin Lane. It is a large Place vastly improved, chiefly out of an house of Alderman Backwall’s, a Goldsmith, before the Great Fire, well built, inhabited by tradesmen; especially that passage into Lombard Street against the Exchange, and is a place of a very considerable concourse of Merchants, seafaring men and other traders, occasioned by the great Coffee houses, Jonathan’s and Garraway’s, that stand there. Chiefly now brokers, and such as deal in buying and selling of Stocks, frequent it. The Alley is broad and well paved with free-stones, neatly kept. The Fleece Tavern, seated in Cornhill, hath a passage into this Alley, being a very large house and of great resort.” At No. 41 Thomas Gray the poet was born on December 24, 1716.
Change Alley is at present a winding and tortuous thoroughfare. It bears the date 1886 over the western entry, and contains many red and glazed white brick houses. Close by this entry is the Bakers’ Chop House, a curious little old building with projecting windows of dark wood.
In the next portion of Change Alley is a well-built red brick building by R. Norman Shaw, with a slab on the north-east corner bearing the inscription:
The site of Garraway’s Coffee House, rebuilt 1874;
and beneath is a large stone grasshopper.
Gracechurch Street, called also Grass church, Garscherche, and Gracious Street, was formerly a market for hay, corn, malt, cheese, etc. There was uncertainty about the name, for in 1329 we find it written Grescherche Street, in 1333 Grascherche Street, a form of the name which is afterwards repeated.
In 1275 there is a will by one Martin de Garscherche bequeathing property to his sons and daughters; in 1294, 1311, and 1324, we hear of tenements in Garscherche, which seems as if the place was then an open market, not yet settled down to a street; perhaps, however, the dignity of a street was sometimes conferred upon it, for in 1296 there is mention of Leadenhall in Garscherch Street, and in 1342 it is also named as a street.
In 1320 one of the supervisors of shoes was Richard le Cordewaner of “Gras cherche”; in 1347 a jury of “Graschirche,” consisting of a butcher and eleven others, accused John de Burstalle of selling corn at more than the legal price, and he was sent to prison for forty days; in 1372 it was ordained that the blacksmiths should send their work either to “Graschirche” or to the “Pavement” by St. Nicholas Fleshambles, or by the Tun on Cornhill, and should stand by their work openly. Therefore the market here was not confined to hay and corn. In 1386 one Thomas Stokes was in trouble for pretending to be an officer and taker of ale for the household of the King, under which pretence he marked with an arrowhead several barrels in the brewery of William Roke of Graschirche. There was therefore a brewery in the market. One finds so many breweries scattered about the City that one asks how they got the water; it must certainly have been drawn up from a local well. Another case of personating an officer of the King was that of William Redhede in 1417, who tried to carry off certain bushels of wheat at Graschirche pretending that they were for the King. He was clapped into prison and then put in pillory. “Upon the three market days ensuing he was to be taken each day from the Prison of Newgate to the Market called ‘le Cornmarket’ opposite to the Friars Minors and there the cause of the judgment aforesaid was to be proclaimed: and after that he was to be taken through the middle of the high street of Chepe to the Pillory on Cornhille; and upon that he was to be placed on each of those three days there to stand for one hour each day, the reason of his sentence being then and there proclaimed, and after that he was to be taken from thence through the middle of the high street of Cornhill to the Market of Graschirche aforesaid, where like proclamation was to be made: and from thence back to prison.”
Roman remains, such as vases, bronzes, coffins, have been found in this street.
In 1654 Brethmer, citizen of London, gave to the Church at Canterbury his messuage at “Gerscherche” as also the Church of Allhallows, Lombard Street.