Steelyard

The Steelyard, from the Middle Low German (sample yard), was the main trading base () of the Hanseatic League in London during the 15th and 16th centuries.

Location

The Steelyard was located on the north bank of the Thames by the outflow of the Walbrook, in the Dowgate ward of the City of London. The site is bounded by Cousin Lane on the west, Upper Thames Street on the north, and Allhallows Lane on the east, an area of 5,250 m² or 1.3 acres. It is now covered by Cannon Street station and commemorated in the names of Steelyard PassagePanayi, P., ''Germans in Britain Since 1500,'' A&C Black, 1996, p. 19 and Hanseatic Walk. The Steelyard, like other Hansa stations, was a separate walled community with its own warehouses on the river, its own weigh house, chapel, counting houses, a guildhall, cloth halls, wine cellars, kitchens, and residential quarters.

As a church the Germans used former All-Hallows-the-Great, since there was only a small chapel on their own premises. Merchants operating out of the Steelyard were granted certain privileges and were exempt from customs duties and some taxes. In effect, the Steelyard was a separate and independent community, governed by the codes of the Hanseatic League, and enforced by the merchants' native cities.

In 1988 remains of the former Hanseatic trading house, once the largest medieval trading complex in Britain, were uncovered by archaeologists during maintenance work on Cannon Street Station.

History

The first mention of a ''Hansa Almaniae'' (a "German Hansa") in English records is in 1282, concerning merely the community of the London trading post, only later to be made official as the Steelyard and confirmed in tax and customs concessions granted by Edward I, in a '' Carta Mercatoria'' ("merchant charter") of 1303. The true power of the Hanse in English trade came much later, in the 15th century, as the German merchants, led by those of Cologne expanded their premises and extended their reach into the cloth-making industry of England.

This led to constant friction over the legal position of English merchants in the Hanseatic towns and Hanseatic privileges in England, which repeatedly ended in acts of violence. Not only English wool but finished cloth was exported through the Hansa, who controlled the trade in Colchester and other cloth-making centres.

When the Guildhall was destroyed in 1469, the merchants of Cologne were exempted by Edward IV, which served to foment dissension among Hansards when the Hanse cities went to war with England, and Cologne was temporarily expelled from the League. England, in the throes of the Wars of the Roses, was in a weak bargaining position, so despite several heavy defeats suffered by the Hanseatic fleet , the Hanseatic forces, consisting mainly of ships from only two cities (Lubeck and Gdansk), with the help of formidable ships like the Peter von Danzig won the Anglo-Hanseatic War and achieved a very favourable peace from the English commissioners in Utrecht in 1474.

In 1475 the Hanseatic League purchased the London site outright and it became universally known as the Steelyard, but this was the last outstanding success of the Hansa. In exchange for the privileges the German merchants had to maintain Bishopsgate, one of the originally seven gates of the city, from where the roads led to their interests in Boston and Lynn.

Members of the Steelyard, normally stationed in London for only a few years, sat for a famous series of portraits by Hans Holbein the Younger in the 1530s, portraits which were so successful that the Steelyard Merchants commissioned from Holbein the allegorical paintings ''The Triumph of Riches'' and ''The Triumph of Poverty'' for their Hall. Both were destroyed by a fire, but there are copies in the Ashmolean Museum in Oxford. Later merchants of the Steelyard were portrayed by Cornelis Ketel. There is a fine description of the Steelyard by John Stow.

Later history

The prosperity of the Hanse merchants, who were in direct competition with those of the City of London, induced Queen Elizabeth to suppress the Steelyard and rescind its privileges in 1598. James I reopened the Steelyard, but it never again carried the weight it formerly had in London. Most of the buildings were destroyed during the Great Fire of London in 1666. The land and buildings remained the property of the Hanseatic League, and were subsequently let as warehouses to merchants.

The Hanseatic League was never officially dissolved. Consulates of the Hanseatic League cities provided indirect communication between Northern Germany and Whitehall during the European blockade of the Napoleonic wars. Patrick Colquhoun was appointed as Resident Minister and Consul general by the Hanseatic cities of Hamburg in 1804 and by Bremen and Lübeck shortly after as the successor of Henry Heymann, who was also ''Stalhofmeister'', "master of the Steelyard". Colquhoun was valuable to those cities through their occupation by the French since he provided indirect communication between Northern Germany and Whitehall,G. D. Yeats, ''Biographical Sketch...'', 44–45. especially in 1808, when the three cities considered their membership in the Confederation of the Rhine. His son James Colquhoun was his successor as Consul of the Hanseatic cities in London.

Lübeck, Bremen and Hamburg only sold their common property, the London Steelyard, to the South Eastern Railway in 1852. Cannon Street station was built on the site and opened in 1866.

From 1906 to 1908, another "Stahlhof" was built in Düsseldorf, Germany, as the headquarters of the newly established German steel cartel. Since 1945, this building was used first by the British Military Government, then as seat of a legal court.

Steelyard balance

The Steelyard possibly gave its name to the steelyard balance, a type of portable balance, consisting of a suspended horizontal beam. An object to be weighed would be hung on the shorter end of the beam, while weights would be slid along the longer end, till the beam balanced. The weight could then be calculated by multiplying the sum of the known weights by the ratio of the distances from the beam's fulcrum.

Gallery

File:Hans Holbein der Jüngere - Der Kaufmann Georg Gisze - Google Art Project.jpg, Georg Giese from Danzig, 34-year-old German merchant at the Steelyard, painted in London by Hans Holbein in 1532
File:Hans Holbein the Younger (1497-8-1543) - A Merchant of the German Steelyard, 'Hans of Antwerp' - RCIN 404443 - Royal Collection.jpg, Hans of Antwerp 1532
File:Hans Holbein d.J. - Porträt eines Mitgliedes der Familie Wedigh.jpg, Hermann Wedigh 1532
File:Member of the von Wedigh Family, (called Hermann Hillebrandt von Wedigh), by Hans Holbein the Younger.jpg, Hillebrant Wedigh of Cologne; 1533
File:Hans Holbein d.J. - Der Duisburger Kaufmann Dirck Tybis (1533).jpg, Dirk Tybis of Duisburg; 1533
File:Portrait of Cyriacus Kale, by Hans Holbein the Younger.jpg, Cyriacus Kale 1533
File:Hans Holbein the Younger - Derich Born (1510?-49) - Google Art Project.jpg, Derick Born (1533);
File:Derich Berck, by Hans Holbein.jpg, Derick Berck (painted in 1536)
File:London Steelyard 412.jpg, A commemorative plaque placed in 2005 at Cannon Street station, near the location of the Steelyard

References

External links

Prof. Rainer Postel, "The Hanseatic League and its decline" 1996
one of the Steelyard portraits

*Grant David Yeats
''A Biographical Sketch of the Life and Writings of Patrick Colqhoun''
London: G. Smeeton, 1818.

{{Authority control

Trading posts of the Hanseatic League
Economic history of England
Economic history of London
History of the City of London