Lombard Street.—Shops and tenements are mentioned belonging to Lombard Street in the fourteenth century. The Calendar of Wills has a reference in the year 1327. Riley’s earliest reference is 1382.
When the street first received its name is not known. Stow ventures back no further than Edward II., but there were Italian merchants before that time:
“Then have ye Lombard Street, so called of the Longobards, and other merchants, strangers of divers nations assembling there twice every day, of what original or continuance I have not read of record, more than that Edward II., in the 12th of his reign, confirmed a messuage, sometime belonging to Robert Turke, abutting on Lombard Street, toward the south, and toward Cornehill on the north, for the merchants of Florence, which proveth that street to have had the name of Lombard Street before the reign of Edward II. The meeting of which merchants and others there continued until the 22nd of December, in the year 1568; on the which day the said merchants began to make their meetings at the burse, a place then new built for that purpose in the ward of Cornhill, and was since by her majesty, Queen Elizabeth, named the Royal Exchange.”
The Lombards came over at first as collectors of the papal revenue; but they did much more than this: they opened up trade between the Italian towns and London—every year the fleets of Genoa and Venice brought goods from the East and from the Mediterranean. Moreover, the Italians in England sent wool from England instead of precious metals by way of Florence, if not other cities. Their wealth enabled them to take the place of the Jews in their expulsion; if the City was suddenly and heavily taxed they made advances to the merchant who could not immediately realise. Of course they charged heavy interest—as heavy as the necessities of the case permitted—and they became unpopular. The lending of money, forbidden and held in abhorrence, was absolutely necessary for the conduct of business: those who carried on this trade naturally lived together, if only to be kept in knowledge of what was going on. And as the progress of trade went on, their power increased year by year. Lombard Street, where they lived, was the daily mart of the London merchants before the erection of the Exchange.
POPE’S HOUSE IN PLOUGH COURT
“Jane Shore’s husband was a goldsmith in this street; so at least the old ballad, printed in Percy’s Reliques, would lead us to believe. No. 68, now Messrs. Martin, Stones and Martin’s (bankers), occupies the site of the house of business of Sir Thomas Gresham, founder of the Royal Exchange. When Pennant wrote, the Messrs. Martin still possessed the original grasshopper that distinguished his house. ‘How the Exchange passeth in Lombard Street’ is a phrase of frequent occurrence in Sir Thomas Gresham’s early letters. No. 67, now in the occupation of Messrs. Glyn and Co. (bankers), belongs to the Goldsmiths’ Company, to whom it was left by Sir Martin Bowes, an eminent goldsmith in the reign of Queen Elizabeth. Guy, the founder of Guy’s Hospital, was a bookseller in this street. The father of Pope, the poet, was a linendraper in Lombard Street; and here, in 1688, his celebrated son was born. Opposite the old-fashioned gate of the Church of St. Edmund the Martyr is a narrow court, leading to a Quakers’ Meeting-house where Penn and Fox frequently preached” (Cunningham’s Handbook).
The house in which Pope is said to have been born is that at the end of Plough Court.
Between the Church of St. Edmund and the west end of the street were two mansions formerly belonging, one to William de la Pole, Knight Banneret, and “King’s Merchant” in the reign of Edward III., and afterwards to his son, Michael de la Pole, Earl of Suffolk, and the other to Sir Martin Bowes, mayor, 1545. Here also was the Cardinal’s Hat Tavern, one of the oldest of the City taverns, mentioned in 1492.
The modern street gives a general impression similar to that of Cornhill. Everywhere we are confronted by solid banks and insurance offices, which seem to divide the ground between them.