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Oxford and Its Story

Note 10 — Chapter II · THE MOUND, THE CASTLE AND SOME CHURCHES

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During the restoration of the Cathedral in 1856 a remarkable crypt was discovered beneath the paving of the choir. It was but seven feet long by five and a half, and contained lockers at each end. It has been most reasonably supposed that this was a secret chamber, where the University Chest was deposited. This crypt, situated between the north and south piers of the tower, was covered up after investigation. The site of it recalls the time when charitable people were founding “chests” to help the education of the poor. Grossetete in 1240 issued an ordinance regulating S. Frideswide’s Chest, which received the fines paid by the citizens. From this and other charitable funds loans might be made to poor scholars on security of books and so forth, no interest being charged. Charity thus entered into competition with the usury of the Jews, who had to be restrained by law from charging over 43 per cent. on loans to scholars (1244).

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