In the words of Master Scribe Sorrean from the book of The Palladome in the year of Isaac 987.
East of Baywhick at the base of the great mountains resides a well of wealth that has spawned two of the great houses of Gallendale. Though it is debatable who first found the copper veins that nourish the land, there is no debate on who lays claim to the mines now. Relishing in the wealth of copper the mines provide; House Garren and House Carnack share the mines and in return have been granted vast fortune.
The Penny Lords was a title first thrown at a member of House Garren as an insult. Both families would come to embrace that insult and adopted the title as a badge they wear with pride. Not only did the two houses seal their alliance with official papers by the king granting them both ownership of separate halves of the mine. They also merged the families through marriage. It is said that there is little difference between the blood of a Garren and the blood of a Carnack. Even between the families, it is common for a Carnack to great a Garren as "cousin" and vice versa.
The Penny Lords are known as two of the wealthiest families in all of Gallendale and have even sponsored the crown during times of economic turmoil. As individual houses, they are not technically the wealthiest families in Gallendale, but as a combined unit they are only overshadowed by the Bank of Avril.
The Penny Lords rule over the eastern shores with wealth and influence. Their unity is one that has become a staple of Gallendale and all of Bayleah. House Garren and House Carnack share the title of Penny Lords and the wealth of the copper mines, but this was not always the case. For like all things, before there was peace their was war.