Walden came from well-established Coventry merchant stock. His father served as master of the local mercers’ company, as well as mayor and alderman, though he himself became a draper, thereby following the trade of his mother’s family. Made free of his company in 1597, he progressed slowly but steadily through its ranks, becoming warden for the first time in 1604. Involved in local government by 1608, when he was placed in joint charge of the city’s building supplies, he took on the more demanding role of sheriff in 1611-12.
Although the Hamburg venture was wound up by 1620, Walden and Hopkins formed a new and profitable partnership which included the former’s brother-in-law, John Barker. Walden was sufficiently wealthy by 1622 to chance an investment in a speculative mining project at Hawkesbury, near Coventry, though he seems not to have been actively involved in its management.
In 1626 Walden was elected to represent Coventry in Parliament, receiving wages of 5s. a day. He is not known to have contributed to Commons’ debates, and seems to have attracted notice only on 24 Mar., when the House granted him ten days’ leave of absence.
Emboldened by this outcome, the drapers resumed their usual practices, and it swiftly became apparent that they would not honour the 1627 agreement either.
This setback, though embarrassing, apparently had little long-term impact on Walden. The Coventry clothiers continued to complain to the Privy Council, but were not heeded.
