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Henry, like all the Tudors, was arbitrary: he had no intention of being ruled by the City; by his agents Empson and Dudley he levied fines right and left upon the wealthier merchants; he put the Mayor and the Sheriffs in the Marshalsea on a trumped-up charge, and they had to pay a fine of £1400 before he would let them out. He seized Christopher Hawes, Alderman, and put him also in prison, but the poor man died of terror and grief. He imprisoned William Capel, Alderman, who refused to pay a fine of £2000 for his liberty, and remained in prison till the King died. Lawrence Aylmer, ex-Mayor, was also imprisoned in the Compter, where he remained till the King’s death. Henry understood very clearly that with a full Treasury many things are possible that are impossible with empty coffers. He accumulated, therefore, a tremendous hoard: it is said to have amounted to one million eight hundred thousand pounds in money, plate, and jewels.
The events which belong especially to London in this reign, as we have seen, were not numerous, nor were they of enduring importance. As regards building, the King pulled down a chapel and a house—the house where Chaucer once lived—at the west end of Westminster Abbey, and built the Chapel called after his name; the Cross of Westchepe was finished and put up; Baynard’s Castle was rebuilt, “not after the former manner with embellishments and Towers,” but more convenient. It was the time when the castle was passing into the country house; it became now a large and handsome palace, built round two courts facing the river, much like those palaces built along the Strand, but without any garden except the courts.