E. Cobham Brewer 18101897. Dictionary of Phrase and Fable. 1898.
Panyer Stone (The).
A stone let into the wall of a house in Panyer Alley. It is a rude representation of a boy sitting on a pannier. (French, panier; Latin, panar&icheck;um, a bread-basket.) The stone has the following inscription:
When you have sought the city round,
Yet still this is the highest ground.
August 27th, 1688.
This is not correct, for there are higher spots both in Cornhill, and in Cannon Street.