OCR Output

COMMERCE 1601

good reasons to urge for the views
he put before Cecil. English mer¬
chandise, he said, should be carried
in English ships, and no more pri¬
vileges should be conceded to the
foreigners of the Steelyard. The
struggle was precipitated when a
tax was imposed on their exports
and imports. The Hanse towns
imposed a similar tax on English
traders, and Cecil took the oppor¬

tunity of withdrawing all the special

privileges of the Steelyard, which
was finally suppressed in 1598. GRESHAM CLUB, KING WILLIAM STREET

Gresham's house, "at the sign of the Grasshopper,” his family

crest, stood in Lombard Street, where is now No. 68, the bank of

Messrs. Martin and Co. It isstated to have been the house of Matthew

Shore, whose wife,
Jane, figures un¬
pleasantly in the
annals of Edward
IV and Richard III.
Duncombe and Kent
conducted the busi¬
ness of the Grass¬
hopper in 1677, and
the name of the firm
varied. The first
Martin entered it at

the beginning of the

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