·noun A sack or bag of wool; specifically, the seat of the lord chancellor of England in the House of Lords, being a large, square sack of wool resembling a divan in form.
A tenement in Bread Street called "le Wolsacke," 4 Ed. VI. (L. and M. Ft of Fmes, II. 75). No later...
A Dictionary of London by Henry A Harben.
See Cutler Street. ...