The Great Fire in 1666 nearly ruined the Company,
destroying not only its Hall, but its property in the City. The generosity of some of its
members, notably Sir John Moore and Sir John Cutler, enabled the Hall to be rebuilt and
let as a residence for the Lord Mayor.
Charles II honoured the Company by allowing his name to be enrolled as
a member, and in 1689 William III conferred upon it the unique honour of accepting the
office of Sovereign Master.
In 1694, the second Hall was leased to the newly formed Bank of
England, of which Sir John Houblon, a Grocer, was the first Governor, and they remained as
tenants for 40 years, by the end of which time the Company had recovered its prosperity.
For nearly a century, as confidence returned and its affairs improved,
the history of the Company was generally uneventful. However, in supporting William Pitt
in 1784, by entertaining him at the Hall when the freedom of the City and the Company were
conferred upon him, the Company can claim to have contributed to his success at the crisis
of his career.
The second Hall was replaced by a third, completed in 1802, which in
turn was superseded in 1887 when the whole site was cleared and a new Hall built. The
fourth Hall was completed in 1893 and was one of the few Livery Halls of the City to
Survive the 1939-45. Unfortunately it was almost completely destroyed by fire on the night
of 22nd September, 1965. The fire, described as the largest in the City since the Blitz,
was traced to an electrical fault under the grand staircase. The old Hall contained a
great deal of panelling and the fire spread rapidly destroying not only most of the
building but many of its irreplaceable contents. As at the time of the Great Fire of
London, the muniments miraculously escaped and are now housed in the Guildhall on
indefinite loan. They include the first minute book of the Company commenced on the 9th
May 1345. The greatest loss was that of the Companys Charters which were on display
within the Hall.
The Court decided to build a new Hall on the same site incorporating
part of the surviving facade. The fifth Hall (the architects of which were Beard, Barrett
and Wilkins, the interior decoration being designed by Colefax and Fowler) was re-opened
in 1970.
Thus the establishment of a new Hall (the fifth on the present site
since it was acquired in 1427) allowed the Company to continue to practice the ideals
expressed in its early Ordinances, that it should be a "nursery of charities and a
seminary of good citizens".