This Street Also Is Situated Near The Centre Of The
City, And Some Say, Upon The Highest Ground In It.
It is spacious,
and well built with lofty houses, four or five storeys high,
inhabited by linendrapers and other considerable tradesmen, who deal
by wholesale as well as retail, and adorned with the principal gate
and front of the Royal Exchange.
Here also it is said the
metropolitan church was situated, when London was an archbishopric.
Exchange Alley, so denominated from its being situated on the south
side of this street, over against the Royal Exchange, has long been
famous for the great concourse of merchants and commanders of ships,
and the bargains and contracts made there and in the two celebrated
coffee-houses in it, which go under the respective names of
"Jonathan's" and "Garraway's," where land, stocks, debentures, and
merchandise, and everything that has an existence in Nature, is
bought, sold, and transferred from one to another; and many things
contracted for, that subsists only in the imagination of the
parties.
The public buildings in this ward are, the Royal Exchange, and the
churches of St. Peter and St. Michael.
The Royal Exchange is situated on the north side of Cornhill, about
the middle of the street, forming an oblong open square, the inside
whereof is a hundred and forty-four feet in length from east to
west, and a hundred and seventeen in breadth from north to south;
the area sixty-one square poles, on every side whereof is a noble
piazza or cloister, consisting of twenty-eight columns and arches
that support the galleries above.
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