Hollow Sword Blade Company

The Hollow Sword Blades Company was a British founded in 1691 for the manufacture of hollow-ground rapiers by a goldsmith, Sir Stephen Evance. The company ceased manufacturing swords in 1702 following the suicide of its founder and was purchased by a syndicate of businessmen who used the corporate identity of the company to operate as a bank. At this time the Bank of England held a monopoly by act of parliament as the only organisation permitted to operate as a bank in England, so anyone wishing to carry out banking operations had to do so by devious means. The company was used as a stepping stone to the foundation of the South Sea Company which set out to supplant the Bank of England as banker to the government.

Sir Stephen Evance was a goldsmith whose father had been born in New England, but who had set up a business in Lombard Street in London. Evance did not confine his interests simply to metalwork, but had attempted salvage work with a diving machine, lead mining, mineral prospecting in Canada, a fishing enterprise off the coast of Ireland in partnership with Sir James Houblon (one of the founders of the Bank of England) and a draper named Samuel Ongley.

In 1691 war between France and England interrupted the importation of hollow ground swords from France which had become popular weapons in England and a business opportunity presented to manufacture the swords in England. Evance arranged for Huguenot metalworkers to move to Britain to manufacture the swords and obtained a charter of corporation as the 'Governor and Company for Making Hollow Sword Blades in England', granted 13 October 1691. The company obtained premises at Shotley Bridge in Durham. Granting of the charter plus two patents was on condition the applicants loaned the government £50,000, which sum was provided by Evance and Sir Francis Child in August 1692. Evance was appointed the first governor of the company, Peter Reneu the deputy governor, assistants Francis Tissen, Matthew Evans, John Carter, John Holland, Abraham Dashwood, John Samford, Robert Peter, Thomas Evans, Peter Justice, John Reneu, William Reneu, John Baker. The corporation had power to purchase land and issue stock to unlimited value.

The company manufactured swords and by virtue of the charter had power to seize imported foreign hollow swords. Evance became an excise commissioner and succeeded Childs as jeweller to King William III. However, after the king's death in 1702 the business failed and Evance committed suicide. One of the swordsmiths employed by the company, Herman Mohll continued to manufacture swords at Shotley in his own right under the name Herman Mohll and son, founding a company which continued with a change of name to Mole in 1832. The company was purchased by Wilkinson Sword in 1922.

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