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are more deserted here than in any other part of the City Let me give you a little--a very little--of its history.

Two thousand years ago, or thereabouts, the City of London was first begun. At that time the Thames valley, where now stands Greater London, was a vast morass, sometimes flooded at high tide, everywhere low and swampy, studded with islands or bits of ground rising a few feet above the level--such was Thorney Island, on which Westminster Abbey was built; such was the original site of Chelsea and Battersea.

On the south side the swamp and low ground continued until the ground began to rise for the first low Surrey Hills at what is now called Clapham Rise. On the north side the swamp was bordered by a well-defined cliff from ten to thirty or forty feet high, which followed a curve, approaching the river edge from the east till it reached where is now Tower Hill, where it nearly touched the water, and the spot now called Dowgate--a continuation of Walbrook Street--where the river actually washed its base, and where it presented two little hillocks side by side, with the brook--Walbrook--running into the river between. This was a natural site for a town--two hills, a tidal river in front, a freshwater stream between. Here was a spot adapted both for fortification and for communication with the outer world. Here, then, the town began to be built. How the trade began I cannot tell you, but it did begin, and grew very rapidly, Now, as it grew it became necessary for the people to stretch out and expand; there was no longer any room on the two hillocks; they, therefore, built a strong wall to keep out the river and put up houses, quays, and store-houses above and along this wall--portions of which have been found quite recently. The river once kept out--although the cliff receded again--the marsh became dry land, but, in fact, the cliff receded a very little way, and the slopes of the streets north of Thames Street show exactly how far it went back. Many hundreds of years later precisely the same course was adopted for the rescue of Wapping from the marsh in which it stood. They built a strong river wall, and Wapping grew up on and behind that wall, just exactly as London itself had done long before.

The citizens of London had, from a very early time, their two ports of Billingsgate and Queenhithe, both of them still ports. They had also their communication with the south by means of a ferry, which ran from the place now called the Old Swan Stairs to a port or dock on the Surrey side, still existing, afterwards called St. Mary of the Ferry, or St. Mary Overies. The City became rapidly populous and full of trade and wealth. Vast numbers of ships came yearly, bringing merchandise, and taking away what the country had to export. Tacitus, writing in the year 61, says that the City then was full of merchants and their wares. It is also certain that the Londoners, who have always been a pugnacious and a valiant folk, already showed that side of their character, for we learn that, shortly before the landing of Julius Caesar, they had a great battle in the Middlesex Forest with the people of Verulam, now St Albans. The Verulamites had reason to repent of their rashness in coming out to meet the Londoners, for they were routed with great slaughter, and never ventured on another trial of strength. As for the site of the battle, it has been pretty clearly demonstrated by Professor Hales that it took place close to Parliament Hill, at Hampstead, and the barrow on the newly acquired part of the Heath probably marks the burial-place of the forgotten heroes who perished on that field. And as for the Londoners who fought and won, let us remember that they came from this part of the modern City--from Thames Street.

The town was walled between the years 350 and 369. The building of the Roman wall has determined down to these days the circuit of the City. Now, here a very curious and suggestive point has been raised. In or near all other Roman towns are remains of amphitheatres, theatres and temples. There is an amphitheatre near Rutupiae, the present Richborough; everybody knows the amphitheatres of Nimes, Arles and Verona; but in or near London there have never been found any traces of amphitheatres or temples whatever. Was the City then, so early, Christian? Observe, again, that the earliest churches were dedicated, not to British saints, or to the saints and martyrs of the second or third centuries--the centuries of persecution--but to the Apostles themselves--to St. Peter, St. Paul, St. James, St. Stephen, St. Mary, St. Philip. These facts, it is thought, seem to indicate that very early in the history of the City its people were Christians. When the Roman wall was built, Thames Street already possessed most of the streets which you now see branching northward up the hill, and south to the river stairs, the space beyond was occupied by villas and gardens, and the life of the merchants and Roman officers who lived in them was as luxurious as wealth and civilization could make it.

You now understand why I have called Thames Street the heart of the City. It was the first part built and settled, the first cradle of the great trade of England. More than this, it continued to be the thief centre of trade; its wharves received the imports and exports; its warehouses behind stored them; its streets which ran up the sloping ground grew with the growth of the trade; new streets continually sprang up until villas and gardens were gradually built over and the whole area was covered; but all sprang in the first place from Thames Street; everything grew out of the trade carried on along the river. We are going to walk through all the five riverside wards belonging to this street. There are one or two things to note in advance, if only to show how this quarter remained the most populous and the most busy part of London. The City of London has eighty companies. Forty of these have--or had--Halls of their own. Out of the forty Halls no fewer than twenty-two belong to these five wards, while one company, the Fishmongers', had at one time six Halls, or places of meeting, in and about Thames Street. Again, the City of London formerly had about 150 churches. Along the river, that is, in and about Thames Street alone, there were at least twenty-four, or one-sixth of the whole number. Lastly, to show the estimation in which this part was held, out of the great houses formerly belonging to the King and nobles, those of Castle Baynard, Cold Harbour, the Erber, Tower Royal, and the King's Wardrobe belong to Thames Street, while the names of Beaumont, Scrope, Derby, Worcester, Burleigh, Suffolk, and Arundell connect houses in the five wards of Thames Street with noble families, in the days when knights and nobles rode along the street, side by side with the Lord Mayor and Sheriffs of the City.

In Thames Street are the ancient markets of Billingsgate and Queenhithe. The former has been a market and a port for more than a thousand years. Customs and tolls were paid here in the time of King Ethelred the Second, that is, in the year 979. The exclusive sale of fish here is comparatively modern, that is, it is not three hundred years old. As for Queenhithe it is still more ancient than Billingsgate. Its earliest name was Edred Hithe, that is, Edred's wharf. It was given by King Stephen to the Convent of the Holy Trinity. It returned, however, to the Crown, and was given by King Henry III. to the Queen Eleanor, whence it was called the Queen's Bank or Queenhithe. On the west side of Queenhithe lived Sir Richard Gresham, father of Sir Thomas Gresham, in a great house that had belonged to the Earls and Dukes of Norfolk.

The splendid building of the Custom House on the south side is the fifth Custom House that has been put up on the same spot. The first was built by one John Churchman, Sheriff in the year 1385; the next in the reign of Queen Elizabeth--it was furnished with high-pitched gables and a water gate, this was burned down in the Great Fire. Wren built the third, which was burned down in 1718; one Ripley built the fourth, which was also burned down in 1814. The present building was designed by David Laing and cost nearly half a million.

Until quite recently a little narrow and dirty passage to the river, known as Coldharbour Lane, commemorated the site of a great Palace, known as the Cold Harbour, which stood here overlooking the river with many gables. It was already standing in the reign of Edward II. It belonged successively to Sir John Poultney; to John Holland, Duke of Exeter--that Duke who was buried in St. Katherine's Hospital; to Henry V., who lived here for a brief period when Prince of Wales; to Richard III.; to the College of Heralds; and to Henry VIII. Finally, it was burned in the Great Fire, but during the last hundred years of its life the old Palace fell into decay and was let out in tenements to poor people. The City Brewery now stands on the site of Cold Harbour.

Close beside this great house--the site itself now entirely covered by the railway--was the Steelyard. This was the centre of the German trade; here the merchants of the Hanseatic League were permitted to dwell and to store the goods which they imported. The history of the German merchants in London is a very important chapter in that of London. They came here in the year 1250, they formed a fraternity of their own, living together, by Royal permission, in a kind of college, with a great and stately hall, wharves, quays, and square courts. The building is represented, before it was burned down in the Great Fire, as picturesque, with many gables crowded together like the whole of London. Their trade was extremely valuable to them; they imported Rhenish wines, grain of all kinds, cordage and cables, pitch, tar, flax, deal timber, linen fabrics, wax, steel, and many other things. They obtained concession after concession until practically they enjoyed a monopoly. For this they had to pay certain tolls or duties. They were made, for instance, to maintain one of the City gates. They were compelled to live together in their own quarters. Their monopoly lasted for 300 years, during which the London merchants, especially the Association called Merchant Adventurers, who belonged principally to the Mercers' Company, continued to besiege the Sovereign with petitions and complaints. It was not until the reign of Queen Elizabeth that they were finally turned out and expelled the Kingdom. Their house and grounds were converted into a store-house for the Royal Navy. At the same time the old Navy Office, which had formerly stood in Mark Lane, was transferred to the suppressed college and chapel belonging to All Hallows, Barking, in Seething Lane, where you may still see, if you go to look for them, the old stone pillars of the gates and the old courtyard which was originally the court of the college, then the court of the Navy Office, and now the court of the warehouse belonging to the London Docks. As for the unfortunate Steelyard, that, as I said, is now completely covered by the Cannon Street Railway. As you walk under the railway arch you may now look southward and say, 'Here for 300 years lived the Hanseatic merchants--here the fraternity had their warehouses, their exchange, their great Hall. Here the German porters loaded
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