All the taxes were at first on estate. Henry the Second introduced taxation on movables. Sometimes it was a fifteenth. The nature of this tax may be imagined by supposing it to be imposed upon a trader’s stock at the present day. His stock is worth, suppose, £9000; he would pay £600 upon it. But he has a house with furniture, plate, pictures, and books which have accumulated for two or three generations. The contents of the house are worth, say, £3000. He would have to pay £200 on this account. He has £12,000 invested; he must pay £800 on the investments. He would have, then, to pay at one call £1600 in taxes. These taxes were not imposed all at the same time, nor on the same class; one year the clergy were called upon, another the knights, on another occasion the City of London would be taxed. It seems to us an arbitrary method; but then we have lost the sense of kingly authority. To our ancestors, whom we must not consider as prophets, it was a right and proper thing that a man should be called upon by the King at any moment to surrender a great slice of his property.
It was the first proof of a bad King that he demanded these aids too frequently. It was another proof that in spite of his aids he allowed the country to fall into disorder. At such times the hapless trader found it impossible to carry on his business in a country infested by robbers and over seas infested by pirates. Yet, even then, the King was still demanding more and more. The best, the only hope of the citizens was, not to be free from the King, but that the King should make his authority felt over them as well as over the country. They wanted a King like Henry the First, Henry the Second, or Edward the First. It was the greatest blessing to London that their Kings were, with one or two exceptions, strong and clear-headed men.
The King also exercised authority over the Moneyers and the Mint. Formerly there were mints in many places; we have seen how Henry the First treated those who debased the coin. Henry the Second kept the Mint in London, where he could control it more effectually. He also set up an office in the Mint for the exchange of foreign money: a great convenience to foreign merchants.
In the year 1312, letters were sent by the King, Edward the Second, to the City of London concerning the safe keeping of the City. The method of reception of a Royal Communication by the Mayor and Aldermen may be learned from Riley’s Memorials (p. 93). The following is the letter:—
“Edward, by the grace of God, King of England, Lord, etc., to the Mayor, and Aldermen, and all the commonalty of our City of London, greeting. Forasmuch as we do confide very much in the loyalty that is among you, and the affection which you have towards ourselves, such as you ought to have for your liege lord; and, more especially, for the love which we have, and at all times have had, towards you, as you well know; we do pray you affectionately, and do command and charge you, strictly enjoining, on the fealty which unto us you owe, and as you wish to save your bodies, and your heritages, and whatsoever you have, from penalty of negligence as regards us, that you cause our City of London right safely and surely to be kept, in behalf of ourselves and of our heirs; that so no damage or peril may befall it—the which God forbid—for default of good and sufficient guard; and that our lordship and our estate be there saved in all points, without any manner of blemish, as we do especially trust in you, and as you would eschew peril unto yourselves. And understand so well this our command, and have it so tenderly at heart, that we may be able to praise you for the same, and that nought of our right, or of our lordship, in our City be lost, on peril of losing whatsoever unto us you may forfeit. Given under our Privy Seal, at York, the 21st day of January, in the 5th year of our reign.”
In addition to this general letter, the following letter was sent separately to the leading citizens, viz.:—
“To John de Gisorz. To John de Lincoln. To Thomas Romain. To Henry de Durham. To William Servat. To John de Wengrave. To William Trente. To Richer de Refham. To William de Leyre. To John de Burford. To Simon Corp. To William de Forneis. To William Walrain. To William Bidik. To Robert de Keleseye. To Stephen de Abyndone. To Ralph le Balancer. To Hamond Godchep. To Robert le Callere. To Edmond Lambyn.”
“Edward, etc., to our well-beloved John de Gisorz, our Mayor of London, greeting. As we have sent word unto you, to the Aldermen, and to the Commonalty, of our City of London, that among you and them, in whose loyalty we do greatly trust, for the affection which you have towards ourselves, as towards your liege lord, especially for the love which we have, and at all times have had, towards you and those of the said City; and as you would yourselves save your bodies, your heritages, and whatsoever you have to save, from penalty of negligence as regards ourselves, you do cause our said City right safely and surely to be kept in our behalf; that so no damage or peril may befall it—the which God forbid—and that our lordship and our estate may there be saved in all points, without any manner of blemish; and as we do know that you are the man in London by whose counsels is guided the manhood thereof, and are persuaded that the manhood of our said City will charge itself with the safe-keeping of the same our City, and most willingly would save it to the use of us and of our heirs, as is right; we do command and charge you, on the fealty which unto us you owe, and as you would wish to eschew the penalty aforesaid, that you use all diligence and all counsel as towards the said manhood of the City, and towards all those of our said City, who shall be most available towards the safe-keeping thereof, that they undertake such safe-keeping, and cause the same our City so safely and surely to be kept, in behalf of us and our heirs, that nought of our right, or of our lordship, be lost therein; and that so we may be able to perceive the diligence that you shall have employed herein; for the which we may be the more especially beholden to you. Given under our Privy Seal, at York, the 21st day of January, in the 5th year of our reign” (pp. 94-95).
In consequence of these letters, John de Gisors, the Mayor, called together the Aldermen and some of the commonalty of each ward on the Saturday after the Purification, i.e. on the 2nd of February. It is remarkable that only seventeen Aldermen are named in the list; that eight did not appear at the meeting; and that, of those to whom the separate letters had been written, only three obeyed the King’s special invitation.
However, at the meeting certain ordinances were passed for the repair and the safety of the walls and the gates and the quay. Elsewhere these and similar orders have been set forth.