may be made comfortable but by which other youths may be induced and led to
the exercise of the same profession, through which they may become more apt
to and skilful in the pilotage and management at sea of ships and vessels
in times of peace or war, as is neccssary," etc.] To descend a little
lower, king Edward the sixth, that prince of peerelesse hope, with the
aduice of his sage and prudent Counsaile, before he entered into the
Northeasterne discouery, aduanced the worthy and excellent Sebastian Cabota
to be grand Pilot of England, allowing him a most bountifull pension of
166. li. vj. s. viij. d. by the yeere during his life as appeareth in his
Letters Patents which are to be seene in the third part of my worke. And if
God had granted him longer life, I doubt not but as he dealt most royally
in establishing that office of Pilote Maior (which not long after to the
great hinderance of this Common wealth was miserably turned to other
priuate vses) so his princely Maiestie would haue shewed himselfe no nigard
in erecting, in imitation of Spaine, the like profitable Lecture of the Art
of Nauigation. And surely when I considered of late the memorable bountie
of sir Thomas Gresham, [Footnote: He was the son of Sir Richard Gresham,
merchant and Lord Mayor of London, and was born in 1519. Educated at
Cambridge, he was placed under his uncle, Sir John Gresham, and enrolled a
member of the Mercers Company. His father had been the king's agent at
Antwerp, and the person who succeeded him, having mismanaged the royal
affairs, Sir Thomas was sent over in 1552. to retrieve them. This he was
most successful in doing. Elizabeth removed him from his office, but soon
restored and knighted him. He planned and erected the Royal Exchange in
London, in imitation of that of Antwerp, and the queen opened it in person
in 1570. Having built a mansion in Bishopsgate Street, he directed by his
will that it should be converted into habitations and lecture rooms for
seven professors or lecturers on the seven liberal sciences, and their
salaries to be paid out of the revenues of the Royal Exchange. These and
other benefactions procured for him the name of the "Royal Merchant." He