Goldsmiths' Company

Definition and stakes

Arthur Hayden,  Chats on Old Silver

“ It is admitted that, from a public point of view, the hall-marks stamped on silver by the various assay offices have a very definite meaning. “Our hall-marks afford a guarantee of value to which, it is not to be wondered at, considerable importance attaches, since these goods may safely be regarded as an investment.” The true function of the Goldsmiths’ Company is a protective one—protective in the interests of honest traders, protective in the interests of public buyers. We suggest that they might perform an educational service by throwing open their assay office to public inspection. ”
Source: Gutenberg

Henry B. Wheatley,  The Story of London

“ I think we must allow that the terms of this Act strongly corroborate the general belief that the old craft gilds and the later companies were so closely connected as to be practically the same. Having dealt with the general question of gilds, we can now pass on to consider the influence of the different trades upon London life.
The origin of the companies seems to have been largely connected with the result of a combination of the numerous sections of a particular trade. Some trades were so important that they could stand alone; thus the Goldsmiths’ Gild became the Goldsmiths’ Company
”
Source: Gutenberg

Arthur Hayden,  Chats on Old Silver

“ They are proudly jealous of their reputation and rightly anxious to guard the public interest. There is no doubt that “the laws of hall-marking, scattered as they are over a multitude of statutes, are highly technical, and not the least necessary reform is their consolidation.” The Goldsmiths’ Company was once a trade guild, but this is the twentieth century, and they exist solely in the public interest. To-morrow they could be swept aside by an Act of Parliament, and all silver could be assayed and stamped at the Royal Mint or by Government assayers. ”
Source: Gutenberg

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