There are many circumstances which tend to invest the Craft Gilds of the Middle Ages with interest. There is much that is picturesque in the hints which we get of the liveried gatherings in the great halls: there is something that appears exemplary too in the excellent work which was sometimes done, and in the relations which seem to have subsisted between fellow-workers. But apart from all that attracts our fancy and, rightly or wrongly, moves our admiration, there are interesting problems in tracing their origin or understanding how they worked. On this last point, indeed, no little light is thrown by the analogy of similar institutions in India at the present day. Whether in the amorphous condition in which they exist all over that country, or in the more crystallised and definite forms in which one finds them in Guzerat, there is a curious parallel—notwithstanding the many contrasts—between the one country and the other. The analogy would, doubtless, be most misleading, if we relied on present-day experience there for an explanation of the decay of the gilds of former times, but as a picture which may enable us to understand how the system is worked, and how industry developed in these strange conditions and with so much minute legislation, they are invaluable. But even with this help the difficulties in understanding their history are sufficiently great to render the inquiry as to the formation and decay of craft gilds distinctly interesting, though it is not easy to sum up results in a way that shall be accurate, brief, and clear.