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City of London Livery Companies' Commission: Report and Appendix, Volume 4 online

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1836 to 5/. 4s, a year, which is paid annually to the
churchwardens of the parish. The Company attribute
173/. 6s, Sd, of the 3/. per cent, stock as nominally pro-
ducing this dividend.



* Sir Stephen Peacock's Charity.

By an order of the Board of Charity Commissioners,
dated the 18th May 1866, the Haberdashers' Company
were authorised in consideration of the sum of 309/. 5s,
(which had been previously transferred into the name of



the Official Trustees of Charitable Funds in trust for the
Charity) to effect the. sale of the three above-mentioned
yearly sums of 125., 13^. 4d.y and 8/., formerly charged
upon the aforesaid property known as 24, Crutched Friars
and French Horn Yard.

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476



CITT OP LONDON LIVERY OOKPANIES COMMISSION:



Trotman's Charitibs.

Throckmorton Trotman, by will of the 30th October
1663, gave to the Company 2,000/. to purchase a 100/. a
year to be disposed of as foUows : —



£ s.

For a lecture at Dursley, Gloucestershire - 16

For a school in Cripplegate, London - 80

For the poor of the Company - - 5



d.






And he gave a further sum of 400/. towards the accom-
plishing thereof.

It appears that the schoolhouse and master's house.
No. 103, Bunhill Row, Cripplegate, and the site, was
provided by the Company, at an expense of 923/.

The testator also gave to the Company other 2,000/.
to purchase lands of 100/. a year, for the uses
following : —



£ 8, d.

20



20








4








6








4








16








30









To a Sunday lecturer at St. Giles', Cripple-
gate . - - - -

To a lecturer on Thursday afternoon, or
some other day, at St. Giles', Cripple-
gate - - - -

To the clerk and sexton (21, each)

To the Company, to give to those who
take pains - - -

To find candles at the time of preaching
the lectures , - -

To the poor of Cripplegate

To the poor of Cam, Gloucestershire

ITie Company executed their mortgage of property,
including the hall of the Company and other estates
belonging to them, formerly called Flying-horse Court,
and Staining . Lune, and now Gresham Street West
(together singularly enough with the premises they had
purchased in Bunhill IU)w for the purposes of the
Charity).

The Company, however, nominally appropriate 6,796/.,
3 per cent, consols, suflBcient to produce annufdly a
dividend of 173/. 17*. for the purposes of this Charity.
The sum thus appropriated is thus arrived at—

£ $. d.
The original gift of Trotman was - 4,400

The expenses of building and establish-
ing the school - - - 923

which being deducted, leaves - j€3,477

and that at 6 per cent, would be 173/. 17'., as represented
by the amount of capital stock referred to. The Company
submit, that in this appropriation the^ have exceedea the
charge they are legally subject to, masmuch as about
700/. was expended in 176f> in rebuilding the school.
This, however, wotild no doubt be a voluntary payment.
The income of the Charity is—



The dividends of the supposed stock
A house in Twister's Alley, Bunhill Row,
let to Wm. Lyons on a building lease
for 61 years from Christmas 1824 (in
eluding 65. a year for an easement)



£ $.
173 17



- 10 16
jei84 12



The disbursements of the Company on account of this
Charity 1



Salary to the master, Mr. J. Bradlaugh -
Gifts of pence to the scholars, 3d, at each

half yearly examination, say -
Stationery and books for the school (1861)
Coals - . - -

Insurance - - - - -

Repairs of school and master's house,

average for 9 years, say - -

Rates and taxes, say -



£ 8.

60


d.



1 2
16 13

3 16

2


6

8

6


30
13







Total annual disbursement in respect of
the school - - - 126 11 8



I append a copy of the last report made by the school-
master of the state of the school, and a copy of the form of
application made to the Company for admission to it,

I may also here refer to my report on Trotman's Free
School, when it came under my notice in my inquiry into
the charities of St. Luke's parish, Middlesex, and which
forms part of my report on tnat occasion.

The Company paj in respect of the gifts of the second
branch of the Chanty—

£ f . d.
Rev. J. L. Turner, lecturer at St. Giles*,
Cripplegate, appointed by the Company.
Under an arrangement with the rector,
the lecture is deuvered in the church on
Sunday afternoon and Thiursday evening 60
The churchwardens of the parish of St.

Giles - - . - 16

Clerk and sexton do. • - - 8

The churchwardens of the parish of Cam,

Gloucestershire - - - 30

To the curate of the parish of Dursley for a
lecture - - - - 15

(This has been the subject of a corres-
pondence with the Board, see file.
No. 6,046.)
Th) poor of the Haberdashers' Company
m gifts to five poor freemen or widows
of 1/. each at the Midsummer distribu-
tion - - - - 5

ji:i24

The Company also pay in respect of the gift to those of
the Company who take pains in the business, a sum of 61.
to their clerk, and they also give to the surveyor a salary
of 6/.

The average expenditure on the entire charities founded
b/ Trotman, beyond the annual payment with which Ae
Company can properly be charged, have in the nine yean
1862 - 61 amounted on an average to about SSI, a year.
This annual deficiency will in future be somewhat greater,
inasmuch as the Company in 1860 increased the sSUry of
the schoolmaster from 60/. to 60/. a year.*

Lady Weld's Bbnbpaction.

Dame Manr Weld, bv will of the 12th of February 1623,
gave to the Merchant Taylors' Company 2,000/. (if the Me^
chant Taylors would take the same, or otherwise to such
Company as her executors should think fit) to purchase one
or so many rectory or rectories, parsonage or parsonages,
impropriate, as might therewith be purchased in fee simple;
and her will was that to and for every one of the said
rectories and parsonages so purchased, the Company should
provide a learned andf godly minister to preach twice erery
Sabbath dav, and to celebrate Divine service and perform
Christian uuties and administer the sacrament, and that
out of the profits of the said rectories and parsonages, they
should pay to every such minister a yearly stipend as they
should think fit, not exceeding two-thirds of the whde
yearly profits of the said rectory or parsonage ; and con-
cerning the residue of the said profits, that they should
increase and keep the same until they should have made
up thereby and br the increase thereof, together with the
residue of the said 2,000/., and the increase thereof remain-
ing in thehr hands, the ftill sura of 2flO0l, ; and the said
sum being so made up, the whole dear yearly tithes and
profits of such rectories or parsonages should be bestowed
upon such minister, to be provided as aforesaid, who should
be resident in the parish where such parsonage or rectory
should be; and as concerning the said 2,000/. which should
be raised as aforesaid, her will was that the Company
should, with convenient speed, employ the same in like
manner as the first 2,(XX)/., and the same course for buving
impropriations and the continual raising of a stock to
2fl00t should for ever be observed unto the world's end.

And ther testatrix directed the Company to pay 6 marks
yearly to Christ's Hospital, in consideration of thrir
requiring and taking a yearly account of the administration
of the fund.

The Merchant Taylors refused to accept the trust, and
the Haberdashers' Company obtdned it by a decree of the
Court of Chancery.

Under a decree of the Commissioners of Charitable Uses,
in 1702, the Company was charged with 4,000/. as then



'''Throckmorton Trotman's Charity.

26 Mior 1869. By an order of the Board of Charity Commissioners of
this date, made upon the application of the master and
four wardens of the Company, a scheme was established
directing that in lien of the two lectures theretofore



required to be delivered respectively upon Sunday morning
or upon the afternoon of Thursday or some other week dav
in the parish church of St. Giles' Cripplegate, there should
be in future one lecture only every Sunday evening.



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477



unapplied under this gift. Under a decree of the Court of
Chancery of the 3rd May 1708, made at the suit of Christ's
Hospital, the Company were discharged from all claims in
respect of this trust on the terms therein mentioned, and it
was proposed and agreed and ordered that the Gorernors
should, out of the children educated at Christ's Hospital,
nominate alternately to the impropriations already pur-
chased, and the Company submitted to he charged with
2Z. IO5. per cent, per annum for the interest of the floating
balance in their hands, towards the accumulating fund.

The Charity still proceeds under this agreement and
decree.

The ecclesiastical property acquired at several times
under this endowment, is set forth in the Report of the
Commissioners of Inquiry (Vol. 10, pp. ?14, 215).

1. The Wigston Tithes, and the adxu^'son and right of
patronage of the vicarage of Wigston, Leicestershire.

The vicar is the Rev. W. Trollope, who was nominated
by Christ's Hospital, and is now absent from his rectoiy,
which is under sequestration. It is valued at 200L, but is
considered worth more. There is a residence occupied by
the curate, and 90 acres of glebe.

2. Leiston Rectory, a perpetual curacy, Suffolk. — ^The
incumbent is the Rev. C. C. Blathwayt ; he was presented
by the Company. The living is valued at 435Z. without a
residence.

3. The Bitteswell Rectory, Leicestershire. — The incum-
bent is the Rev. G. Monnington ; he was presented by the
Company. The living is valued at 400/. ^-ith a house.

4. The Rectory of Albrighton, Shropshire.— The Rev.W.
Woodhouse; was presented by the Company in 1836;
valued at 6002. with a house and 36 acres of glebe.

6. The vicarage and tithes of Diseworth, Leicestershire,
the Rev. C. F. Cook is the vicar, Mr. Nash was presented
by the Hospital, and exchanged with Mr. Cook vrith the
consent of both bodies ; valued at 190/. and a house.

6. The Vicarage of Chertsey.— The Rev. Lawrence W.
Till ; he was presented in 1857 by the Company ; valued
at 273/. and a house. The house has lately been re-built
by theaid of Queen Ann's bounty. It is not supposed now
to l)e worth more than 200/., the surplus fees having gone
to district churches.

The great tithes of Chertsey are received by the Company.
They are let at 14/. O5. 6d. since the tithe commutation.
This sum is received by the Company and forms what is
the accumulating fund under the direction of the will.
At the end of the year 1852, there was an accumulating
fund amounting to 120/. 15*. 9d., the Company having for
several years charged themselves with 21. lOs. a year in
respect of interest, which charge was continued until 1858.
Contic'^mg that account up to the end of 1861, the Com-
pany charging annually tor the disbursements for the
chancel, and the annual payment of 3/. 6s, Sd. to Christ's
Hospital, and 5/. a year to the clerk, and 5/. incidental
expenses, there was a balance of 62/. \3s, Sd. to the credit
of the accumulating fund. ITie fund had been reduced at
this time owing to the Company having in 1859 as rectors of
Chertsey been called upon to repair the chancel, which in-
volved putting in a new window, which was effected at an
expense of 59/. I4s. 6d. In the same year, the Company
paid a sum of 10/. 10«. surveyor's charge, for valuing
part of the Wigston Glebe, which the Leicester and Hitchin
Railway Company had given notice to take. The land was
t-aken, and tne purchase money paid into the Court of
Chancery, 'fhe Company have no knowledge of the
amount which has been paid, or the sum it produces. It
is probably received by the sequestrators of the living.
This does not agree with the accounts for 1861 as rendered
to the Charity Comnaissioners, which erroneously represent



5





14





2






a balance of 49/. 1». against the Charity. This is ex-
plained by the Company as having arisen from the omission
in the account of the balance on the acciunulating fund,
when the returns were first made to the Board.

It is obvious that if the whole accumulating fund be
made to arise irom the 14/. Os. 6d, a year rectorial tithes of
Chertsey, and that this sum is subject to the annual charges
of 13/. 6s, Sd.y to^rether with the repair of the chancel, the
idea of accumulation is delusive.

I have perused the deed of conveyance of the 22nd March
1819, of the tithes and advowson of Chertsey, from Sir John
Gibbons and others to the Company, and by that deed, the
vendor. Sir John Gibbons, reserves to himsielf the vault of
Sir Joseph Mawby in the chancel of the parish church of
Chertsey, but makes the purchasers covenant that notwith*
standing this reservation the vendors shall not be liable to
repair the chancel, but shall indemniiy them therefrom.
I apprehend that this is not an absolute indemnity, and
at the utmost goes no farther than against the possible
effect of the reservation of the vault.



Mrs. Whitmore's Charity.

Mrs. Ann Whitmore, by a codicil to her will of the 21st
January 1613, gave to the Company certain messuages in
Bishopsgate Street, to pay thereout —

£ s. d.

To the poor of St. Edmund the King, for
coals -

For gowns, etc., for 10 poor widows

To the wardens - - -

and the residue for the Company.

The Company are still in the possession of the property.
No. 18. Bishopsgate Street, on which the Charity is
charged.

They pay annually 5/. to the churchwardens of St.
Edmund the King, and they apply about 30/. a year (in
1861, 32/. 3*. Ad,) for entire garments for 10 widows of
freemen of the Company, together with 2/. to the wardens
of the Company.



Whyte's Charity.

This sum of fifty pounds was given by this donor as a
Loan Charity, the interest to be given away in charcoal.

The Company admit the possession oi the fund m the
proceedings before the Court of Chanceiy, it not being
now lent out, as before stated ; they attribute 50/., 3 per
cent, consols, as representing the gift, and give 1/. 10s. a
year to one poor member of the Company, annually in the
month of July.

Wynne's Charity.

Richard Wynne, gave to the Company 200/., to pay 5/.
a year to the poor of St. Chad's, Shrewsbury, and 5/. a year
for apprenticing a freeman's son of the Company. The
Company attribute 333/. 69. Sd., 3 per cent, consols to this
Charity, and pay 5/. to the churchwardens of St. Chad,
Shrewsbury, annually, and carry 5/. a year over to the
apprenticeship fund. There is now a sum of 40/. on this
account. It is applied in premiums of 10/. when proper
applications occur.

All which I submit to the Board,

Tugs. Hare,
Inspector of Charities .
3rd June 1864.



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CITY OF LONDON LIVEBT COMPANIES COMMISSION;



HABERDASHERS' COMPANY.



APPENDIX.



NEWPOET gOHOOL.



Equitable Adaptation, or Tmprovement without
Spoliation.

Shall we the Founder's competence disown ?
For his will shall we substitute our ovm ?

The points mainly at issue with respect to the charit-
able benefactions of Mr. Adams are, in the first place,
What was his original intention ? Secondly, How far
that intention ought to be departed from or adhered to
in the circumstances of the present period ? We have
to look at once to the equity and to the expediency of
the case, that we may ascertain whether these are
necessarily conflicting, or are capable of reasonable,
comprehensive, and beneficial adjustment. It is now
very reasonably and rightly desired and proposed that
French, German, and Drawing should be added to the
branches of education already existing in the school.
The application for this addition has my sincere and
cordial concurrence. My persuasion is that it is both
desirable and requisite, and that it may be afforded in
a manner highly conducive to the prosperity of the
school, and without any unfair infringement of the
claims of the other parts of the charitable foundation or
of the just rights of any class of the community. Long
acquaintance with the working of the school, long
experience also of it, and much consideration of all the
circumstances connected with it, have led me to the no
less deliberate than confident conclusion that the only
principle on which the school can attain to respecta-
bilitv, prosperity, and efficiency, is that of everything
the founder made free of charge being continued free
of charge ; but that for the additions of writing and
arithmetic, French, Grerman, and drawing, there should
be such a moderate charge to those who wish for them
that the children of the less wealthy of the middle
classes should not, as now, be driven from the school
by the very large proportion of the boys who come to
it from no other motive than its cheapness, without any
desire of their parents that they should learn either
G-reek or Latin, and who, going to servile labour soon
after they come to their teens, will make no useful
progress in French or German.

We are not to suppose that Mr. Adams had never
heard of writing and arithmetic, or that it was a mere
casual omission on his part that it was not included in
nis very considerately worded Will. The so probable
as to be an almost certain conclunion is that it was from
deliberate forethought that he stopped short of making
writing and arithmetic free of charge, being aware
what to make this free of charge would be to impair the
character of the school as a classical establishment, and
frustrate the chief ends of its endowment by filling it
with a class of boys to whom the ancient languages
would be of little comparative benefit. Reference to
the Foundation Deed plainly shows that the intention
of Mr. Adams was not to found a pauper infant school,
which is in a very considerable degree its present cha-
racter, but an establishment to prepare scholars for the
Universities. If his principal obj ecfc had been to provide
for the education of the labouring classes, he would not
have assigned an express preference to the Justices, of
Hinstock, one of the oldest and most respectable
families in the county ; nor would he have augmented
the endowment of the English school of this town to the
extent of one half of its income. What also is the
advantage of this English school with a teacher » of
such very superior abilities and attainments as its
present excellent ill-remunerated master, Mr. Lees, is
known to possess, if it is to be nearly emptied, as it now
is, by the mass of the boys being drawn from it to the
Latin school by the inducement held out to them in
the opportunity of being there taught writing and
arithmetic free of charge r

I am aware that the argument, that since the fine end
of the wedge has been introduced the broad end has a
right to follow, and that, a precedent having been once
set, and the principle of transferring the funds of the
charity to other objects than those contemplated by the
founder established, this precedent and principle may
|je earned out to its utmost length, will be appreciated



according to its worth. But while it is open on lihe one
side to consider how much further this principle is to
be carried, it is open on the other side to consider
whether this principle has been rightly established;
whether its practical working has been beneficial or
hurtful ; and whether, therefore, it would not be wiser
and better to restbre the original character of the
charity, as indicated by the letter and spirit of the
foundation deed.

The truth is that the teaching of writing and arith-
metic without charge was added for the greater advan-
tage of the boys who came for the sake of the Latin and
Greek. The practical result has been that the large
proportion of the boys, who come to the school for the
sake of having their writing and arithmetic free of cost,
has driven away the boys who would have come for the
sake of the Latin and Greek.

The first and most necessary step towardfl raising the
school from its present resemblance to a pauper infant
school is to have such a charge for writing and arith-
metic as will not, from its cheapness in this panicdlar,
draw to it a large proportion of those who will care no
more for French ana German than for Latin and
Greek.

By a scale lof charges, not at all onerous to parents
whose sons would be likely to receive real benefit firom
learning French and German, there might probably be
obtained a sufficient sum to pay lOOL a year to a new
master, to teach French, German, and drawing. The
school would thus have again a fair chance of flourishing,
by attracting to it such scholars as those for whom it
was ori^nally intended, — to whom it could impart
substantial benefits, and who, it might be hoped, would
reflect credit upon it by their attainments in literatore
and science.

Gentlemen of superior scholastic qualifications would
have much greater inducement to accept and retain the
masterships if the constitution of the school were now
to afford them the same favourable prospect and opening
for combining the profit of boarders with their preseni
very moderate salaries, as was afforded them by the
scheme settled by the founder.

That youths of superior talent and promise may be
better enabled to become competitors for the many
valuable appointments nowthrown open to the candidates
who pass the best public examinations, the augmenta-
tion of the exhibitions, founded towards their mainte-
nance at the University, is of material importance ; but
the amount of such augmentation cannot but be lessened
by that impoverishment of the funds of the foundation
which would be the inevitable result of the diversion of
those funds to the teaching of writing and arithmetic,
French, German, and drawing without charge.

The apparent surplus in the funds of the charity is
not necessarily a real equitable surplus. Common
reason and common justice plainly require such a scheme
of distribution as shall make the payments to parties
entitled to a definite share in the benefaction of
Mr. Adams not inferior in substantial value to what
they were at the time of their allotment by the founder.
It is but frugal honesty to take advantage of the change
in the value of money to give a merely nominal instead
of a really virtual equivalent. Were I much more
indifferent to my own personal interests than I profess
to be, I should not consider myself justified in being
either an assisting or a consenting party to such trans-
ference of the funds of the charity to new objects as
should tend to prejudice the fair claims and just rights
of my successors in the living of Newport, and to debar
them from obtaining redress of the great injustice
which the living has sustained from the unfair arrange-
ments which have been made in schemes obtained
without notice to parties interested, or opportunity
afforded them of setting forth their several claims.
That which Mr. Adams allotted to the Minister, the
first-named in the order of his benefactions, was more
than a ninth of the income of the chai'l table founda-
tion ; that which is now paid to the minister is about a
twentieth, — less than one half of the original proportion.

The principle of keeping free of charge aU that the
founder made free of charge, but of a moderate payment
being required for the additions necessary to afford a
complete system of education, has been adopted, and is



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MK. IIAK:E*S KEPORTSZ-^^HAflERDASHEKS" COMPANY.



479



acted upon in most if not all similar fonndations in
Shropshire. It wonld not be a novel experiment, bnt
one that has been tried with success. Consistent with
honesty and with policy, equitable, expedient, and
benevolent, it is further recommended by the satisfactory
character of its results. It is that which is at once
the most probably attainable and the most really
desirable.

If a guinea a year each were charged for writing and
arithmetic, French, German, and drawing, and if each
boy under fifteen years of age were every day to read
in class to one of the masters r.elections from English
standard writers, the school could hardly fail to become
what the benevolent founder intended it to be, a real
benefit and blessing to the town and its vicinity, and to
still more distant parts.

In the hope that these few pages may in some degree
contribute to ** a consummation so devootly to be
wished,** I venture to submit them to the consideration
of the governors, visitors, and masters of the school,
and of such other persons as feel interested in the



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