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Estate
matters
Acting as Edward de Veres new financial adviser, accountant
and broker, ffrancis spent hours going through Edwards estate
papers whether they were at Castle Hedingham, Stoke Newington or
Kings Place. Trying to establish the identity of all the estates
which Edward still held a proprietary claim to was a considerable
task in itself. The next task was to unlock the complexity of the
trusts that encumbered these estates and all debts accruing. Perhaps
ffrancis and Edward worked together in the proper lybrayre
at Kings Place since Edward was probably spending a lot of
time here himself when he wasnt gardening.
It
is surely very significant that the first property deal between
Edward de Vere and ffrancis Trentham, in July 1591, concerned the
extremely valuable Great Garden at Aldgate or, to give it its full
title, the Covent Garden of Christ Church within the parish of St.
Bartolph-without-Aldgate. As mentioned earlier, no record has ever
been found of the date of Edward de Veres marriage to Elizabeth
Trentham, though it is widely believed to have taken place in either
November or December 1591. The temptation to push this date back
to the summer is, I believe, made irresistable by ffrancis Trenthams
apparent purchase of the Great Garden in July.
The
nature of the deal, as outlined by Nina Green in her extensive research
into the de Vere estate, was such that the profits from the
garden property were to be used by ffrancis Trentham for the benefit
of Oxfords widow, Elizabeth Trentham, after Oxfords
death. If they were not married in July when this deal was
struck, then they were certainly engaged to be married. The deal
also gives us a strong indication that, by July 1591, ffrancis had
already completed his initial assessment of the de Vere estate and,
having done so, he rightly judged that the Great Garden was the
most promising piece of real-estate in Edwards portfolio for
development. It is recorded that some 130 houses were built on the
site, described as not less than ten acres, during this period and
the profits arising from the leaseholds and freeholds on these houses
were considerable.
As
to when the site was developed, a clue comes from the second Inquisition
Post Mortem of 13 August 1608, following the death of Edward de
Vere, which dealt solely with the Great Garden the first
IPM having missed it. Having stated that Edward was siesed
of the property on his death (confirming ffrancis Trenthams
status as trustee as opposed to outright purchaser), the IPM mentions,
... the houses, messuages, tenements & buildings on the
foresaid great garden newly constructed & built (my italics).
No doubt the profits were used to support the widowed Countess and
her son Henry after Oxfords death, but there can be little
doubt that ffrancis intended to begin developing the site from the
moment he signed the indenture, and that the profits arising from
this investment were used by him to help refinance the rest of the
de Vere estate.
Which
brings into focus the £10,000 which, according to GE Cokaynes
note, ffrancis settled on Edward upon becoming brothers-in-law which
is, I believe, the sum of money that ffrancis pledged to invest
in the de Vere estate over the coming years to rescue it from ruin
on behalf of his sister and any future male heir to the Earldom
of Oxford. It also brings us to Castle Hedingham and the complex
series of deals that would see the family seat of the Earls of Oxford
pass right down the Trentham line as will be seen later.
Since
the first part of this article appeared, I have had some interesting
correspondence with Nina Green and Christopher Paul regarding this
apparent settlement. Nina points out that the Cokayne note makes
the £10,000 conditional upon Oxford settling Castle Hedingham
on ffrancis and his heirs in default of any male heir of Oxford,
and the difficulty is that Oxford could not have made this
promise because by the time he married Elizabeth Trentham he had
already sold Castle Hedingham to Lord Burghley in trust for his
(Oxford's) three daughters. Nina also points out that, on
3 July 1587, Oxford had granted Castle Hedingham to the Queen on
condition that she regrant it to him and his heirs by his wife,
Anne Cecil. Leaving aside the probability that Oxford and Elizabeth
Trentham were married five months before the sale of Castle Hedingham
to Burghley (in documents dated November and December 1591 and April
1592), the logic would indeed seem to argue against Cokaynes
interpretation.
However,
Christopher Paul has discovered the apparent source from which GE
Cokayne made his note Philip Morant's The History and
Antiquities of the County of Essex (1763-68) and there
are subtle, but important, differences.
Here
is a part of Morants note: For, Edward, the 17th Earl
of Oxford, having taken to his second wife Elizabeth daughter of
Thomas Trentham ... her brother Francis Trentham Esq advanced ten
thousand pounds to clear incumbrances on the Oxford estates.
In other words, the £10,000 appears not to be conditional
upon the settlement of Castle Hedingham but, rather, acted like
a bond which sealed the marriage. Even this interpretation, however,
needs some qualification. I dont believe for an instant that
this £10,000 was offered as a lump sum ffrancis Trentham
may have been wealthy but he hardly had this much cash to spare.
Yet when we add up all the Trentham investment in the de Vere estate
over the coming years particularly the repurchase of
Castle Hedingham in 1609 the total amount actually exceeds
this £10,000. Of course, ffrancis was astute enough to make
sure that all his investments in the de Vere estate contained detailed
clauses that, should the male line of his sisters marriage
to Oxford fail, the estates in question would default to male heirs
of the Trentham line.
The
sale of Castle Hedingham to Burghley in December 1591, in trust
for his three de Vere grandaughters, was surely intended as a short-term
measure to streamline the near bankrupt estate and yet still keep
the ancestral seat within the family, so that should Oxford have
the great fortune to be blessed with a male heir and future Earl
with Countess Elizabeth, the manorship could be repurchased when
his estate was more profitable.
Morant
continues by moving forward eighteen years to 8 July 1609 when,
...the three daughters of the said Earl Edward, by his first
wife, with their husbands ... conveyed the Honour of Castle Hedingham
to her [Elizabeth, Countess Dowager of Oxford] for life, remainder
to her son Henry Earl of Oxford for his life, and to his sons in
taile male ... remainder to Francis Trentham Esq brother of the
said Countess, and his heirs for ever. As Henry de Vere died
without issue, the manor of Castle Hedingham did indeed default
to ffrancis and his heirs - though not without being challenged.
In
March 1592, a new trustee of the de Vere estate first appeared on
the scene Ralph Sneyd of Keele Hall, the uncle of Elizabeth
and ffrancis Trentham. The estate in question was the Rectory of
Walter Belchamp and, as Nina Green has established, the terms of
this purchase were similar to the terms under which the Great Garden
was purchased in that ffrancis and Ralph held the property as trustees
for the use of the Earl and Countess of Oxford during their lives.
The
overall management of the de Vere estate by ffrancis Trentham, with
Ralph Sneyd acting as trustee, was so astute that by the time of
Edwards death in 1604, all his personal debts had been cleared
and the estate itself was extremely valuable. And having suffered
from Queen Elizabeths and Burghleys rapacious interest
in his estate for most of his life first as a Royal ward and then
as Burghleys son-in-law, Edward was determined that his son
would be spared any further assaults on his lands. As Nina Green
put it to me, Oxford seems to have taken complicated legal
steps to ensure that his properties were already in the hands of
Francis Trentham and Ralph Sneyd at his death so as to mitigate
the effects of wardship on his wife Elizabeth and son Henry.
Copyright
2007 Jeremy Crick.
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