The London mint In 1526 (by which year Bowes had already embarked upon his first marriage, to Cecily Eliott) Amadas appointed Bowes his deputy at the Royal Mint, of which he became one of the three or four master-workers. These men, together with the Treasurer
William Blount, 4th Baron Mountjoy, were entitled to equal shares of the Mint's profit. The arrangement caused friction between the master-workers and their superior, who claimed to have been denied his fair share. The official allowances paid to the master-workers were considerably lower than they had formerly been, during the
Yorkist period, and the managers made up for this by "seizing every opportunity to make the Mint pay". In 1530 Lord Mountjoy attempted to hold the two Deputy Masters, Robert Amadas and Ralph Rowlett (died 1543), to account, but they brought counter-claims at law: by 1533, Amadas having died (buried in
St Mary Woolnoth), Mountjoy had resigned his patent and Bowes and Rowlett became joint Masters of the Mint.
Civic opportunities Bowes was, meanwhile, advancing in civic affairs, progressing through two Warden-ships of the Goldsmiths' Company in 1532-33 and 1534–36, and in 1536, having served as auditor, was chosen an alderman for the
Aldgate ward. Accepting this, his petition was granted that he should not be called upon to serve as Sheriff for three years to come. His status as alderman gave him a special importance within the Company of Goldsmiths, and he served his first term as Prime Warden (a role which he resumed under Edward, Mary and Elizabeth) in 1537–38. He had built, and now occupied, that distinguished residence mentioned by
John Stow in
Lombard Street, near the parish church of
St Mary Woolnoth, among the "diverse faire houses, namely one with a verie faire forefront towards the streete, builded by Sir Martin Bowes, Goldsmith." The back gate opened towards the conduit in Cornhill. In 1539/40 the
advowson of this church, which had belonged to the
Priory and convent of St Helen (Bishopsgate), was granted to him, and later remained to his descendants.
Wives and lands His first wife Cicely having died leaving him with two, perhaps three sons, she was buried at St Mary Woolnoth: Bowes remarried by 1538 to Anne Barrett of
Aveley (Essex), upon whom he sired several more children through the 1540s, including Joan (1541), Francis (1542), William (1543/44), another Francis (1545), Charity (1548) and Henry (1550). However, in 1541 he lost a daughter Elizabeth, and in 1543 he lost his ward Elizabeth Strong, a gentlewoman; one Francis was buried on the day of the second Francis' baptism. By grants and alienations of land, Bowes was already acquiring estates in Kent during the 1530s. He had lands at
Plumstead, having been granted Suffolk Place Farm (formerly property of
Charles Brandon) at
Bostall from the king in 1535/36: by which means Plumstead, Bostall and
Woolwich later descended
in capite to
George Barne. By the king's grant he also had the manor of North Ash (at
Ash, Axtane Hundred), with the advowson of Ash which had belonged to the
Order of St John of Jerusalem (suppressed 1532), and the manor of Halywell, formerly a possession of the
Priory of St John Baptist at
Shoreditch.
Shrievalty, 1540-1541 In 1540, transferring to the
Castle Baynard ward, As the summer of 1541 approached, the executions of the
Countess of Salisbury and of
Lord Leonard Gray took place at the Tower. During the course of that year Bowes received knighthood. He was again Upper Warden of the Goldsmiths, serving for two years together in 1540–1542, In 1542 his sons Thomas and Martyn Bowes were sworn to membership of the company: the two brothers had a double marriage at St Mary Woolnoth on 1 September 1544, Thomas marrying Thomasin Wilkinson and Martyn taking to wife Frances Scrope. The children of Martyn Bowes jnr., Thomas, Anne, Patience and Joan, were baptized in the parish during the later 1540s.
Coinage debasement and reforms Whereas
Henry VII had maintained close control over the Mints, under
Henry VIII the Crown "did little more than making the ends meet", leaving the master-workers to manage their own work. Investigations leading to reorganization of the Mint in 1544 showed that Bowes and Ralph Rowlett (died 1543) were responsible for systematic unauthorized debasement of silver supplied by the Crown. Thousands of pounds in "surplus" coinage remained unaccounted for; The debasement of French coinage had resulted in large quantities of finer English currency being exported, so by this method the price of English gold and silver was raised. Bowes emerged strongly in the reform of the Mint. He was promoted to under-treasurer in March 1544, retaining control of the
Tower Mint (Tower I), though a second under-treasurer,
Stephen Vaughan, was also named in the indenture of May 1544 in response to the need for increasing capacity. However, Vaughan, a special Crown agent in the
Low Countries, was detained by his duties there until November 1546. Therefore, in April 1545 Thomas Knight was appointed under-treasurer to manage a second Tower Mint (II), and was named with Bowes and Vaughan in the indentures of 1545–1547. Knight died in February 1548, and Vaughan then became active until his own death in 1549 (the Exchequer receiving the balance of his moneying profits from his executor
John Gwynneth) when he was replaced by Sir
Nicholas Throckmorton. Through these changes Bowes remained in control of what was now
the authorized debasement of the English currency. In 1544–1551 the Tower I facility managed by Bowes produced silver coinage valued at £957,067 and gold coins valued at £767,362, or 43% of the total national output (£3,985,591). Bowes was responsible for around one quarter of the debased
testoon production, in which £385,000 worth of good silver currency were reworked into £547,000 (face value) of "base testoon" currency. In total, he generated around a third of Crown's profits from the debasement of currency - £421,693 (33% on top of input metal value, or 24% out of face value produced). His production overheads, at 1/26 of net profits, were higher than those of Thomas Knight (Tower II), because Bowes bore the costs of management, engravers and potmakers for both facilities. ==Mayoralty, 1545-1546==