Throgmorton Street is at the north-east corner of the Bank of England, and was so called after Sir Nicholas Throgmorton, who is said to have been poisoned by Dudley, Earl of Leicester, Queen Elizabeth's favourite. There is a monument to his memory in the Church of St. Catherine Cree.
The Drapers' first Hall, according to Herbert, was in Cornhill; the second was in Throgmorton Street, to which they came in 1541 (Henry VIII.), on the beheading of Cromwell, Earl of Essex, its previous owner; and the present structure was re-erected on its site, after the Great Fire of London.
INTERIOR OF DRAPERS' HALL
Stow, describing the Augustine Friars' Church, says there have been built at its west end "many feyre houses, namely, in Throgmorton Streete;" and among the rest, "one very large and spacious," builded, he says, "in place of olde and small tenements, by Thomas Cromwell, minister of the King's jewell-house, after that Maister of the Rolls, then Lord Cromwell, Knight, Lord Privie Seale, Vicker-Generall, Earle of Essex, High Chamberlain of England, &c.;" and he then tells the following story respecting it:—
"This house being finished, and having some reasonable plot of ground left for a garden, hee caused the pales of the gardens adjoining to the north parte thereof, on a sodaine, to bee taken down, twenty-two foote to be measured forth right into the north of every man's ground, a line there to be drawne, a trench to be cast, a foundation laid, and a high bricke wall to be builded. My father had a garden there, and an house standing close to his south pale; this house they loosed from the ground, and bore upon rollers into my father's garden, twenty-two foot, ere my father heard thereof. No warning was given him, nor other answere, when hee spoke to the surveyors of that worke, but that their mayster, Sir Thomas, commanded them so to doe; no man durst go to argue the matter, but each man lost his land, and my father payde his whole rent, whiche was vjs. viijd. the yeare, for that halfe which was left. Thus much of mine owne knowledge have I thought goode to note, that the sodaine rising of some men causeth them to forget themselves." ("Survaie of London," 1598.)
The Company was incorporated in 1439 (Henry VI.), but it also possesses a charter granted them by Edward III., that they might regulate the sale of cloths according to the statute. Drapers were originally makers, not merely, as now, dealers in cloth. (Herbert.) The country drapers were called clothiers; the wool-merchants, staplers. The Britons and Saxons were both, according to the best authorities, familiar with the art of cloth-making; but the greater part of English wool, from the earliest times, seems to have been sent to the Netherlands, and from thence returned in the shape of fine cloth, since we find King Ethelred, as early as 967, exacting from the Easterling merchants of the Steel Yard, in Thames Street, tolls of cloth, which were paid at Billingsgate.
The width of woollen cloth is prescribed in Magna Charta. There was a weavers' guild in the reign of Henry I., and the drapers are mentioned soon after as flourishing in all the large provincial cities. It is supposed that the cloths sold by such drapers were red, green, and scarlet cloths, made in Flanders. In the next reign English cloths, made of Spanish wool, are spoken of. Drapers are recorded in the reign of Henry II. as paying fines to the king for permission to sell dyed cloths. In the same reign, English cloths made of Spanish wool are mentioned. In the reign of Edward I., the cloth of Candlewick Street (Cannon Street) was famous. The guild paid the king two marks of gold every year at the feast of Michaelmas.