THOMAS NEALE was very much a man of the late 1600s. A master of a dozen fields, who could move effortlessly between jobs, he was an MP for 30 years, the Master of the Mint, and set up the first properly organised postal service in the United States. He was also the proud bearer of one of the many arcane posts in the gift of the monarch. As Groom Porter to Charles II he was the king’s gambling tsar, charged with settling disputes at gaming tables and closing down gambling houses; he even developed a fairer and truer die to outsmart gambling cheats.
By the end of his short life (he lived from 1641 to 1699), this remarkable man had burned through two fortunes (one courtesy of his wife, the richest woman in England) and he died penniless. But as a young man, he was responsible for transforming a benighted and boggy stretch of East End waterfront into a thriving commercial concern. Neale, almost forgotten today, should be as lauded as more celebrated developers such as William Cubitt, who at least got a slice of the Isle of Dogs named after him. For it was Neale who gave us Shadwell.
Until the 17th century, the area that would become Shadwell was bleak marshland. That began to change with an Act of Parliament in the 1660s that authorised the reclamation of 130 acres of Wapping Marsh. Until then, the sole function of the wasteland had been to flood with the rising of the Thames, and then drain water back to power the mills at Ratcliff. And as late as 1615, the riverside from Ratcliff up to Wapping was undeveloped, save for a few houses to the north (one of which, on the site of King Edward VII Memorial Park, was obviously of some importance, having a brewhouse and an orchard attached).
It was land that nobody had bothered too much about in the preceding centuries, but the rise in trade and shipping in the 1600s would change all that. The maritime adventures of the previous century had transformed England from a minor country off the coast of Europe into a genuine seapower, as Willoughby, Frobisher et al set sail from from Ratcliff. Britain’s trading routes had developed alongside, with the Port of London growing in step. In 1615 there were just ten ships of more than 200 tons in the Port; by 1640 that number had grown to 100. First Deptford, then Blackwall and Ratcliff had been developed, now eyes turned to the moribund waste of Shadwell.
For three centuries the land had been in the ownership of the Dean and Chapter of St Paul’s – nobody was quite sure how, as Shadwell lay within the territory of the Manor of Stepney, but for 300 years it had fallen to St Paul’s to maintain the river walls and ditches. The land had been taken from the Church under Cromwell’s Commonwealth, but with the restoration of the monarchy it passed back to the Cathedral, and to their surprise, they found themselves in charge of a valuable piece of real estate.
Enter Thomas Neale, once again, for among his many other jobs he was lessee of the Dean and Chapter of St Paul’s. He also already knew the area, as along with friends he had speculatively invested in East India trade and the development of the Ratcliff riverfront. Neale now began a huge programme of draining, reclaiming and laying out roads. It was a skill he would later apply to the development of Seven Dials in Covent Garden (despite the variant spelling, Neal Street is named after our man). He built a waterworks and a mill, with housing fanning out behind the newly developed waterfront. As the shipping business arrived so did the ancillary businesses develop, with ropemakers, breweries, bakies, tanneries, chandlers, smiths and the dozen other businesses of the working port. He even built Shadwell’s own church (it was now a parish) in St Paul’s Shadwell.
All of this was done while Neale was still in his twenties and he had an even more colourful career ahead of him. From 1678 until his death he was Master of the Mint, succeeded by another Stuart polymath, Sir Isaac Newton. Newton apparently complained that the Mint he inherited was a nest of “idlers and jobbers”. He was in charge of a mining company, and set up another to recover treasure from the many wrecks that littered the floors of the world’s oceans. Whatever Neale did, there was one common theme: speculation, and the love of a punt on a scheme that could make him very rich. Him or his patrons – it was Neale who was behind the notorious lottery-loans that poured cash into William and Mary’s Exchequer, boldly labelled “a profitable adventure to the fortunate, and can be unfortunate to none”.
Unfortunately there is no such thing as a sure thing when it comes to speculation and Neale’s difficulty seemed to be not so much raising cash, as holding onto it. Perhaps it was too much time spent around gambling joints as the Groom Porter, perhaps one grand scheme too many, but by 1694, Neale was struggling financially. Fortuitously he would marry the richest widow in England, and became known about London as ‘Golden Neale’. Alas, it wasn’t to last. He died penniless, having blown another fortune, just five years later.