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

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Richard Culverwell, by his will of the 1st December
1584, gave 50L to the Mercers' Company to be lent freely
for five years to one of the ffodliest poor merchants of
Flanders, being a mercer ana dwelling in London. The
will, which does not appear in the Reports of the Com-
missioners of Inquiry, is recited in the decree referred
to in the last case, and th» fund is part of tliat dealt
with in the same cause.



Sha&les* CHAHlir.

Margaret Sharles, by her will of the 2nd Seplember
1600, gave to the Mercers' Company 1002. to be lent to
five poor tradsemen, being free of the Company. The
Charity was not rep<xrted upon by the Commissioners of
Inquiry. The will is set forth in, and the fund was
dealt with by, the proceedings in the suit mentioned in
Dormer's case.

Robdisok's Chakity.
Mary Robinson, by her will, in the year 1618, gave to
the Company 2002. to be lent to the young men of the
Company by 602. apiece for l^ree years freely. The
will is set forth fully in the proceedings in tlie cause
Attorney General v. Mercers' Company, in which the
fund was dealt with as stated in Dormer's case.



QUASLBS' CHABinr.
William Quarles, by his will of the 24th August 1692,
gave 1002. to the Mercers' Company to be lent to two
younjg men of the Company for four years, paying
nothmg for it. On this I refer to the Report on the
Charity of Sir Michael Dormer, before stated. The
diposition and administration of the gift are the same as
that of the fund there mentioned.



Hollibat's Chabitt.

William Holliday, by his will of the 16th December
1683, gave to the Mercers' Company the sum of 2002. to
be lent to two young men free of the said Company.
This has been hitherto an unreported case so far as the
records of this office are concerned. It has been dealt
with, and the fund invested and administered as in
Dormer's case.

Foolb's Chabitt.

John Poole, by his will, dated in or previous to the

irear 1660, gave to the Mercers' Company 1002^, to be
ent to two young men of the said Company. This was
not before reported. The will is faVLj set forth, and the
fund is dealt with as shown in the report on Dormer's
case, and the proceedings on the suit hereafter stated.



John Duckbtt's Chabitt.

John Duckett, by his will, in or previous to the year
1666, gave to the Mercers' Company 2002., to be lent out
to three y?Q^£» ""^^^ ^i*^ ^^ ^^^ Company for five years
gratis. The fund forms part of the 2,8502., the Hubject
of the suit relating to *' Money Legacies for Loans,"
hereafter stated. The circumstances are the same as in
Dormer's case, as to investment and administration.
The will is set forth more fully in the proceedings in
the cause.

Slbigh's Chabitt.

Edmund Sleiffh, l^ his will, in or about the year
1660, gave to the said Company 1002., to be lent to a
young man firee of the said Company gratis for five
years. This is governed by the same suit which dealt
with Sir Michael Dormer's and the other following
Charities which precedes this in my Report. The same
observations apply as to the recital of the will in the
order hereafter stated.



Sib Samuel Micb's Chabitt.

Sir Samuel Mico, by his will of the 25th September
1665, gave to the Mercers' Company 5002., to be lent to
five young men for ^ three years gratis. • The fund
forms part of the 2,850/. administered as stated here-
after, according to the scheme settled in this suit. The
will is stated in the recital of the Master's Report here-
after set forth.

The Commissioners of Inquiry in their Report (vol. 6,
p. 284) say, ** It will be seen that many of the charities
*' consist of sums of money given to the Company, in
" trust to lend them, in different proportions, to young
'* men of the Company, on gooa security, for limited
" periods and ait certain specified r<ttes of interest, and
" to apply the interest so paid to various charitable uses.
" It appears that of late years these loans have been
** very rarely made, from the want ef applications for
" such assistance. • The Company are, however, ready
" to advance the loans on proper applications being
" made foi; them, and in the meantmie l^iey pay the



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MR. HABB's BEP0BTS.-^MJ5BCKB8' COMPANY.



5d



'* interest direoted to be rcseryed to the purposes
" jJP®®"^®^ ^y *^® respective donors."

The same observation would still be correct, so far ns
relates to loans of charitable funds bearing interest;
bnt certain loans have subsequently been direoted to be
made without interest, and are applied for and made to
members of the Company accordingly, upon the personal
security of themselves and two approyed housenolders.

The Company in this respect, act under the directions
of the Coort of Chancery, made upon a ftiendly infor-
mation filed in 1832, by the Attcnrney (General, at the
relation of George Palmer, against the Wardens and
Commonalty. The nroceedings and order in this suit
are set forth in tne following decree on further
directions.

Money Legacies for Loans.

Oadek of ths Mastek of the Bolls.

At Westminster, Master of the Bolls, Thursday,
the 17th day of January, in the third year of
the reign of His M^jesl^ Kong William the
Fourth, 1833. Between Bis Majesty's At-
torney General, at the relation of Greorge
Palmer the younger, Informant,

The Wardens and Conunonalty of the Mystery of
Mercers of the City^of Lcmdon, D^mdomU,

This cause coming on the 13th day of December 1831,
to be heard and delated before his Honor the Master
of the Bolls, in the presence of counsel learned on both
nidee ; and the pleadings being then opened, and the
substance of the information being that accounts might
be taken of the several sums of 200/., 50?., 1002., 2wL,
lOOL, 200/., 1,000/., lOOZ., 200/.. 100/., 600/., and 100/.,
and of the interest and accumulations thereof received
by the said Defendants, or by tibeir order, or for their
use, and of their application thereof, and that the
several charitable gifts might be respectively established
and carried into enect under the directions of the Court,
and that if necessary a scheme or schemes might be
submitted to one of the Masters of the Court for the duo
application of the said several and respective sums, and
that for that purpose all usual and necessary directions
might be ^ven for the benefit of those entitled to the said
charitable g^fts, or that such direction misht be given
touching the premises as to the Court shouM seem meet
or the nature of this case might require. Whereupon
and upon debate of the matter and hearingwhat was
alleged bv the Counsel on both sides, his Honor did
order ana decree that the defendants should pay into
the Bank, with the privity of the Accountant Grenertd
of this Court, to the credit of this cause, the sum of
"2,850/., being the amount of the several sums of 200/.,
50/., 100/,. 200/., 100/., 200/., 1,000/., 100/., 200/., 100/.,
500/., and 100/., received by them on account of the
'several charities in (question. And it was ordered that
the same when paid m should be laid out in the pur-
chase of Bank 3^. per cent, annuities, in the name and
with the privity of the said Accountant Creneral, in
trust in this cause. And the said Accountant General
was to declare the trust thereof accordingly, subject to
the ftirther order of this Court, and for the purposes
aforesaid the usual directions were given. And it was
ordered that it should be refeircd to the Master of this
Court, in rotation, to approve of and settle a scheme for
the due application of tne charity fands in question in
this cause according to the wills of the several testators,
or as near thereto as circumstances would admit. And
it was ordered that His Majesty's Attorney General
should have a notice to attend the said Master on the
said scheme. And it was ordered that the parties
should produce before the said Master on oath, all
deeds, papers, and writings in their custody or power
relating tnereto, and be examined upon interrogatories,
as the said Master should direct. And it was ordered
that the said Master should tax the relators his costs of
this suit upTto that time. And it was ordered that the
same when taxed be paid by the defendants. And his
Honor did reserve the considerations of all father
directions and of the subsequent costs of this suit until
afterthesaidMaster should have made his report. And
any of the parties were to be at liberty to apply to this
Court as they might be advised.

That in pursuance of the said decree, Sii* Giffin
Wilson, the Master, to whom the said cause was re-
ferred, made his report bearing date the 23rd day of
July 1832, which stands absolutely confirmed by an
order dated the 26th day of November 1832, and thereby
certified that he had been attended by the clerk in
Court and the solicitor of the relator, and by the clerk
in Court and solicitor of the defendants, and by the
cletk in Court and solioitor for His Mfgeety's Attorney



General, and in their presence he had considered the
matters referred to him by the said decree.

And he found in the pleadings in this cause it was JS?'™^'
alleged and in the answer of the defendants admitted, ^*^^-
that Sir Michael Donner, knight, alderman, and
mercer of London, by his will in writing bearing date
the seventh day of September 1545, gave and be-
queathed unto the Waraens and Commonalty of the
Mystery of Mercers of the City of London, in the
words and figures following, that is to say, I grive and
bequeath to the Company of Mercers and to the
wardens and rulers of the said Company 200/. to be paid
into fonr young men's hands of the same Company that
be toward and intend to thrive, not being in the said
livery, to have every of them four 50/. apiece in occu-
pying upon good surety to the Wardens and Company
for the repayinent thereof again when it should please
them to require it, to be put unto any other men's hands
of the same Company upon a lawful warning, and also
once a year about the time that it might please God to
send for me that the four young men s^ll meet together
at the Mercers* Church and there desire one of the
chaplains to say Mass for all Christian souls, and every
one of them to give the priest or offer at the same Mass
one penny, and to give to the clerk of the Company at
the same Mass yearly twenty pence and to the keeper of
the chapel four pence ; that is to be done yearly as it
please God that this money shall be occupied as afore-
said, I pray God that this may be put to good use to the
pleasure of Gk)d and the maintenance of young men to
God's pleasure; and if the Wardens and Assistants
shall think that the four youn^ men shall be over-
charged, then that they shall mmish as much of the
charges as they shall think good according to their
discretions. And he found that the said Sir Michael
Dormer afterwards died, and that upon his death his
will was duly proved, and that the said legacy of 200/.
so bequeathed as aforesaid was paid to the Mercers'
Company in trust for such purposes aforesaid ; but such
last-mentioned will had not been produced before him.

And he found by the pleadings in this cause it was
likewise alleged, and that by the answer of the said
Defendants admitted, that Bichard Culverwell, of oSlS?^*
London, merchant, by his will in writing dated the first "'""^*
day of December 1584, gave and bequeathed to the said
Company of Mercers in the words and figures following ;
that is to say, I give and bequeath to the Company of
Mercers in London 50/., with condition that the said 50/.
may be lent freely for the term of five years to one of
the ffodliest poor merchants of the Low Country of
Flanders, being a mercer and dwelling in London, at
the discretion of the Wardens of the Mercers for the
time being : and after one have had it five years, then
another person to have it other five years, and so from
time to time one after another to have it, but putting in
sufficient sureties to the said wardens for the repayment
thereof at the end of five years, and not one person to
have it longer than &ve years. And he found that the
said Bichara Calverwell afterwards died, and that his
will was duly proved in the month of February 1585,
and that the said legacy of 50/. was paid to the said
Mercers' Company in trust for the purposes mentioned
in the will of the said Bichard Culverwell, but such
last-mentioned will had not been produced before him.

And he found by the pleadings in this cause it was
forther alleged, and by the answer of the defendants
admitted, that Margaret Sharles, of London, widow of

Sharles, mercer, by her will in writing dated ^'"•'*«' Charity
the 2nd day of September 1600. gave and bequeathed
unto the said Mercers' Company, in the words and
figures following, that is to say, I willed and bequeathed
unto the Master and Company of Mercers of London
100/. to be paid within one year after my decease, upon
the special trust and to the intent that the same may
be from time to time for ever lent by them unto five
such several poor tradesmen for two years together,
and not above, as shall be thought most meet by tne said
Master and Wardens of the Company of Mercers, being
free of the said Mystery of Mercers, and my will is that
if any, which had been my servants, desire any part
thereof, that then, they finding and putting in sufficient
surety to the Corporation of the said Mystery of
Mercers for the repayment of the same at the end of
two years as aforesaid, shall be preferred to have the
same before any others. And he found that the said
Margaret Sharles afterwards died, and that upon her
death her will was proved, and the said legacy of lOOL
so bequeathed as aforesaid was duly paid to the said
Meipers' Company in trust for the purposes in her said
will mentioned, but such last-mentioned will had not
been produced before Jiim.

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64



CITY OF LONDON I.I7BBT OOHPANIBS COMMISSION :



Sobimon'i
Charttsr.



gnarle's
bftrity.



HoUiday's
Charity.



Fish-

boume'i

Charity.



And he foaud by the pleadings in this cause it was
alleged, and by the answer of the defendants it wae
admitted, that Mary Robinson, by her will dated in the
year 1618, gave and bequeathed to the said Company of
Mercers in the words and tigures following, that is to
say, I give and bequeath to the Worshipful Company of
M^ercers 200Z. in money to be lent to the young men of
the said Company of Mercers by 50Z. apiece for three
years freely, putting in good sureties for the same, and
so fix)m time to time for ever. And he found that the
said Mary Eobinson died in the year 1618, and that
upon her death her will was proved on the 26th day of
September 1618, and that the said legacy of 200Z. so
bequeathed as aforesaid was paid to the said Mercers'
Company in trust for the purposes ia the said will of
the said Mary Bobinson mentioned; but such last-
mentioned will hath not been produced before him.

And he found that by the pleadings in this cause it
was further ^leged and admitted by the answer of the
defendants, that William Quarles, late of the city of
London, mercer, by his will in writing dated the 24th
day of August 15§2, gave and bequeathed to the said
Company of Mercers, in the words and figures foUow-
inp:, that is to say, to the Company of Mercers, to the
two young men putting in two sufficient sureties for
four years, paying nothing for it, the sum of 1007.
And he found that the said William Quarles afterwards
died, and that upon his death his will was properly
proved on the 11th day of January 1608, and that the
said legacy of 1001. so bequeathed as aforesaid was to
be paid to the said Mercers' Company in trust for the
purposes in the said will mentioned, but such last-
mentioned will had not been produced before him.

And he found by the pleadings in this cause it was
further alleged and admitted by the answer of the
defendants that William HoUiday, late one of the
aldermen of the city of London, by his will, dated the
16th day of December 1623, gave and bequeathed unto
the said Company of Mercers, in the words and figures
following, that is to say, I give and bequeath to the
Company of Mercers, London, the sum of 200/., to be
lent unto two young men, free of the said Company, for
five years, putting in three good and sufficient securities
for iSoLQ same, whidi five years being expired the said
money to be repaid, and the same to be lent to two
others, free of the said Company aforesaid ; and if any
of the three sureties shall happen to die or decay, then
others, that be sufficient and able, shall be put in the
place of them so dying or decaying; or, in default
thereof, the money to be repaid within one ^month
after warning given for each of which lOOZ. there shall
be given by him that shall receive the same to the
Benter Warden of the said Company for the time being
for his pains taken therein the sum of 6s, Sd,, and to the
clerk of the said Company of Mercers the sum of Se, 4d, ;
and in the disposing thereof my request is that my
countrymen of Gloucestershire shall bepreferred before
others. And he found that the said William Holliday
afterwards died, and that upon his death the said will
was duly proved, and that the said legacy of 200Z. was
paid to the said Mercers' Company m trust for the
purposes mentioned in the said will of the said William
Mouiday, but such last-mentioned will had not been
produced before him.

And he found by the pleadings in this cause it was
further alleged and admitted by the answer of the
defendants that Bichard Fishboume, citizen and mer-
cer of London, by his will in writing, dated the 30th
day of March 1625, gave and bequeathed unto the said
Mercers' Company amongst other bequests to them, one
bequest in the words and figures following, that is to
say : I give and bequeath to the said Wardens and Com-
monalty of the Mystery of Mercers, London, the sum
of 1,000Z. to be lent out to five young men free of the
Company by 2002. in each parcel for five years gratis,
upon bond with three good sureties for every parcel to
be allowed by a Court of Assistants, and so &om five
years to five years for ever. And my desire is that
unto this money there may be preferred in the first
place, shopkeepers of the trade of the mercery, next
silkmen, then merchants, and other trades free of the
said Companv. and such as be not of the livery of the
same. And if any that shall have the occupying of any
of this money be afterwards called into the uvery, then
such to pay in their moneys within three months after
they shall be of the liveix and the same to be lent out to
others as aforesaid. And he found that the said Bichard
Fishboume died in the year 1625, and that his will was
proved on the 14th day of May 3625, and that the said
legacy of l^OOOZ. was paid to the said Mercers' Company
in trust for the purposes in bis said will mentioned^ biit



Poole's
Charitf.



which last*mentioned will had not been produced before
him.

And he found that by the pleadings in this cause it
was further alleged and admitted by the-answer of the
Defendants that John Poole, by his will dated in or
previous to the year 16.60, by his will gave and
bequeathed to the Company of Mercers, in the words
ana figures following, that is to say: I give to the
Company of Mercers the sum of lOOL to be lent out,
on good security, to two young men of the said Com-
pany, vizt., 50L a piece for four years, gratis, and then
to be called in and lent to other young men of the said
Company, and so from time to time to others. And he
found that the said John Poole was dead, and that his
said will was proved, and the said legacy of lOOZ. was
paid to the said Mercers' Company in trust for the
purposes in his said will mentioned, but which will had
not been produced before him.

And he found by ^e pleadings in this cause it was
further alleged and by tiie answer of the Defendants
admitted that John Duckett by his will in writing in or i*?^
previous to the year 1666 gave to the said Mercers' ^!ui^'
Company in the words and figures following that is to
say : I give to the Wardens and Commonalty of the
Mystery of Mercers of the Ci^ of London 2001, to be
lent out to three young men, n*ee of the said Company,
for five years gratis, that is to say lOOZ. to one young *
man, and 502. s^iece to two other young men, each of
them putting in two sufficient sureties t^ be allowed by
a Court of Assistants of the Mystery of Mercers for the
repayment thereof at five years end ; and so from five
years to five years, the same 200Z. to other young men
in manner and form aforesaid, for ever. And that the
said John Duckett afterwards died, and that his will
was proved, and that the said legacy of 2001, was paid
to the said Mercers' Company in trust for the purposes
in the said will mentioned, but which wiU had not been
produced before him.

And he found by the pleadings in this cause alleged
and by the answer of the Defendants admitted, that gj^j-j^.,
Edmund Sleigh, Alderman, by his will dated sometime cSrity.
in or about the year 1660, gave to the said Company of
Mercers, in the words and figures following, that is to
say : I give to the Company of Mercers of London,
whereof I am a brother, lOOZ. of lawful money of
England, to be lent to a young man, free of the said
Company, gratis, for five years upon ^ood security by
bond of the penalty of 200f. sterling, with three sureties
such as the Master, Wardens, and Assistants of the said
Company, and their successors, shall like and approve,
conditioned to be paid at the end of five years then next
following, and so* from thenceforth constantly and suc-
cessively upon good security with sureties to be
approved of as afore is specified, and to be repaid at
five years end as afore is expressed, and so to be con-
tinued successively for evw for the preferment and en-
couragement of young men free of the said Company ;
but my desire is that a silkman be preferred in the first

Elace, provided if the party be brought into tiie Uveiy,
e to pay in the monies within thirty days after. And
he found that the said Edmund Sleigh died, and that
his said will was proved, and that the said legacy of
1001, was paid to tne said Mercers' Company in trust for
the purposes in his said will, but which will had not
been produced before him.

And by the pleadings in this cause he further found
it was alleged, and by the answer of the Defendants
admitted that Sir Samuel Mico, knight, by his will Mioo'i
dated the 25th day of September 1665, gave and be- Cbari^.
queathed to the said Company of Mercers, in the words
and figures following, that is to say : To the Company
of Mercers, in London, whereof I am a member, I give
500Z. to be lent to five young men of that Company,
100/. each for three years, gratis, on good security, to
the liking of the Assistants of that Company, and so to
the other five young men every three years successively,
gratis, on the like security. And he found that the said
Sir Samuel Mico died in the year 1665, and that his said
will was proved, and that the said legacy of 500L was
paid to the said Mercers' Company in trust for tiie pur-
poses in his said will, but which wOl had not been
produced before him.

And he found by the pleading in this cause it was
fm-tKer aUeg^ed, and admitted by the answer of the
defendants, that Ann Duckett, by her will bearing date Ann
in or about the year 1660, gave and bequeathed unto !>«*«***
the said Mercers' Company, in the words and figures
following, that is to say : I give and bequeath unto the
Wardens and Commonalty of the Mystery of Mercers
of the city of London (meaning the Corporation or body
corporate of the same Myajtwy by whatever name or



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MK. HABB'S BBPOBTS. — ^MSSOBBS* OOHPANT.



56-



Scheme.



addition the same is made or known), the sum of lOOZ.. to
be lent out to one young man free of the said Company,
for five years gratis, he entering into bond with three
Buflacient sureties to be allowed of by a Court of
AjBsistants of the said Mystery for the repayment
thereof at the said five years. And my will and
meaning is that the said lOOZ. shall be leQt out to One
other young man free of the said Company in manner
and form and upon security as is aforementioned from
five years to five years gratis for ever. And he found
that the said Ann Duckett died, and that her will was
proved, and that the said legacy of 1002, was paid to the
said Mercers' Company in trust for the purposes in her
said will mentioned, but which said will had not been
produced before him.

And a scheme had been laid before him on the part of



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