As a merchant he amassed considerable wealth and left most of it to a foundation for education that still prospers today.
The statue is a copy of a life-size figure in lead created by the brilliant Louis-Francois Roubiliac (1702-1762) who was born in Lyon but made his home in London from 1730. It is a baroque masterpiece, full of life and movement.
The original was kept in the Sir John Cass primary school in the East End. Recently it was restored by Rupert Harris and moved to the Guildhall where it would also be safer and more accessible to the public. At the same time, several copies were made in fibreglass with lead powder impregnated into the surface.
Coincidentally, the 1898 Cass Institute (by A.W. Cooksey) had an empty niche over the entrance of exactly the right size, and one of the copies was placed in it. It looks as though it had always been there.
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On either side of the statue are Baroque-style swags of impedimenta associated with education, art on the left and science on the right. It is all very practical, with lots of tools including an artist's palette and maulstick, sculptor's tools, T-squares, globe, telescope, gears and pinions, pincers and a retort.