William Craven (Lord Mayor of London) Cambridge 16 May 1649. The fund was immediately afterwards sequestrated by parliament, and on 7 May 1651 a petition was presented for the payment of the scholarships. In 1654 the sequestration was discharged. The bequest was maintained at both universities. Earl of Craven William Craven (Lord Mayor of London) Sir William Craven (1548 – 18 July 1618) was an English merchant, Lord Mayor of London in 1610 (some sources say also in 1618). It has been noted that the story of Dick Whittington has some similarities to Craven's career, though the story was first published before Craven became Lord Mayor.
Lord Mayor of London ermine cape and facings, very similar to a royal earl's coronation robe. It is tied with gold cordons, and dates from the reign of George IV. On other ceremonial occasions is worn a black silk damask robe trimmed with gold lace of a design exactly the same as that of the Lord Chancellor, known as the Entertaining Gown. At coronations, the Lord Mayor wears a special coronation robe: a mantle of scarlet superfine wool trimmed with bars of gold lace and ermine. It is lined with white silk satin; they also carry the Crystal Sceptre as a baton of office.