<!DOCTYPE ETS PUBLIC "-//UMDLPS//DTD EEBOPROOF 2.0//EN">
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<DATE>2014-08-08</DATE>
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<NAME>John Pas</NAME>
<RESP>MURP</RESP>
</RESPSTMT>
<ITEM>Proofed and reviewed as part of batch B140617.pdcc.</ITEM>
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<EEBO>
<IDG S="marc" R="UM" ID="B28283">
<STC T="W">P3040a</STC>
<BIBNO T="umi">99832060</BIBNO>
<VID>198885</VID>
</IDG>
<TEXT LANG="eng">
<BODY>
<DIV1 TYPE="text">
<PB N="1" REF="1" MS="y">
<HEAD><HI>PROPOSALS</HI> For Rai&s;ing A Thou&s;and Pounds.</HEAD>
<P><HI>CHARLES POVEY</HI> Coal-Merchant, near Execution-Dock in <HI>Wapping,</HI> having taken a Wharf and Yard for <GAP DESC="illegible" RESP="KEYERS" EXTENT="1 letter">everal Years on Lea&s;e, which Yard is One hundred twenty and &s;ix Foot long, and Forty nine Foot broad, being room &s;ufficient to lay Two thou|&s;and Chaldrons of Coals; and finding, that every hundred Chal|drons of Coals that he Sold, Co&s;t him in Lighters and Porters Backing them Ten pounds: The&s;e con&s;iderations have put him upon contriving an Engin, and after a great deal of time and charge be&s;towed to that purpo&s;e; he has made one, which will deliver Coals without the u&s;e of Lighters, or Porters backing them; to the Admiration of &s;everal Hundreds of People that came from all Parts to &s;ee it Work: The Fir&s;t day that it was u&s;ed, it deliver'd 35, the Se|cond 55, the Third 70, and now it will deliver 100 Chaldrons of Coals into his Yard in one day, for Twenty &s;hillings Charge.</P>
<P N="1">I. This Engin may be u&s;ed every day, for Twenty years together, without wanting any repair, and it will deliver as many Coals all the Year round, as Three thou&s;and pounds in Lighters, and One hundred Men to work them.</P>
<P N="2">II. It will deliver as many Coals in a Week, for Six pounds charge, as any other Per&s;on can for Forty: But, it is more e&s;pecially ob&s;ervable, that neither this, nor any other Engin can be u&s;ed at any other Place, but at his Wharf and Yard; for the Rea&s;ons following.</P>
<P N="1">I. All tho&s;e Wharfs above the Bridg are exempted, by rea&s;on that no Loaded Collier can pa&s;s through the Bridge.</P>
<P N="2">II. There is not from the Bridg to <HI>Blackwall,</HI> any piece of Ground Larg enough for the working this, or any other Engin.</P>
<P N="3">III. Nor is there any place in the River <HI>Thames,</HI> where a Ship can lye on Shore to unload Coals, but at his Wharf.</P>
<P>So that the whole Profit of the Engin will be to him&s;elf, and to tho&s;e that are concern'd with him, and this being too great an Undertaking for any one Per&s;on to manage; He makes the following Propo&s;als:</P>
<P N="1">I. Every Per&s;on, who &s;hall put in One hundred pounds, or more, &s;hall re|ceive as Intre&s;t for every Hundred pounds &s;o put in, One Penny for every Chaldron of Coals, that is deliver'd at his Wharf by this Engin.</P>
<P N="2">II. They may put in for what number of Years they think Convement.</P>
<P N="3">III. The managment of this Affair will require Three or Four Clerks, &s;o that every one who puts in Two hundred and fifty pounds, may if requir'd&punc; have the liberty to chu&s;e a Clerk of his own acquaintance; to &s;ee that all things are duly manag'd; and they &s;hall be mantain'd at the charge of the &s;aid <HI>Charles Povey</HI></P>
<P N="4">IV. Every Pe<GAP DESC="illegible" RESP="KEYERS" EXTENT="1 letter">&s;on who puts Mony in, &s;hall have two Bonds, <HI>viz.</HI> one for the Principal and the other for the Intre&s;t; under the penalty of forfeiting One hundred pounds, if they be mi&s;reckon'd of one Chaldron of Coals that &s;hall be landed at his Wharf.</P>
<PB N="2" REF="2">
<P N="5">V. The Intre&s;t to be paid every Month, if requir'd.</P>
<P N="6">VI. If this Engin were to be worked but two days in a Week, it would bring in Forty <HI>per Cent.</HI> Intre&s;t, and &s;hould it be worked every day (which is not at all unlikely) it would bring in <HI>Cent. per Cent.</HI></P>
<P N="7">VII. In ca&s;e of the Death of the Undertaker, the Mony to be return'd with|in one Month after, if requir'd.</P>
<P>And to an&s;wer all Objections that may ari&s;e, about the &s;afety of their Mony in his Hands, he de&s;ires all that have a mind to be concern'd, to Inquire of his Sub&s;tance, Trade and Reputation, and to con&s;ider the Six following Particulars, <HI>viz.</HI></P>
<LIST>
<ITEM>I. That after &s;o much Mony and time expended by the Porjecter, every thing an&s;wers beyond Expectation.</ITEM>
<ITEM>II. That he actually drives a great Trade, which is well &s;ettled, and all for ready Mony.</ITEM>
<ITEM>III. That his Engin is of a far greater Value, than what Mony he Propo&s;es to rai&s;e.</ITEM>
<ITEM>IV. It may rea&s;onably be expected, that it will turn to as great account, as any thing ever did; the Coal-Trade being one of the greate&s;t concerns, that belong to this City, or Suburbs.</ITEM>
<ITEM>V. This is not a thing only in Agitation, but what is really brought to perfection, and fix'd in all re&s;pects.</ITEM>
<ITEM>VI. No hazard is run in giving Credit, nor is there any danger of Fire, by rea&s;on that the whole Stock lies entire: So that no Per&s;on can be in danger of Lo&s;ing the Principal or Intre&s;t.</ITEM>
</LIST>
<P>And for the better Managment and Improvement of this Undertaking, any Gentleman, or other Per&s;on of good repute, who &s;hall be approv'd of, and is willing to give the be&s;t con&s;ideration, may come in as Partner; which will tend very much to his advantage, and may be manag'd by him&s;elf, or any of his Friends, or Relations, whom he &s;hall thinkfit to appoint: And for his further &s;atisfaction, he &s;hall be in&s;tructed, how to manage the Trade, and &s;et the Engin to work, as well as the Projecter him&s;elf: And after his Death, the Engin and all the Appurtenances belonging to it &s;hall be made over to him, as his own.</P>
<P>And in ca&s;e he dye before the Projecter, then his next Heir to be admitted as Partner, or to recal the Stock that was put in by him, and to have the con|&s;ideration he gave to come in, return'd, or have the liberty to make the be&s;t of it, to any other Per&s;on, who &s;hall be approv'd of.</P>
<P>So that it will be a good Income to him and his Heirs; for the Engin with a very little repair may la&s;t one Hundred Years, though continually u&s;ed.</P>
<P>This Engin will deliver Thirty thou&s;and Chaldrons of Coals in a Year, for Three hundred pounds Charge; which were they to be Loaded in Lighters, and Carryed by Porters, would Co&s;t Three thou&s;and pounds.</P>
<P>But it may be Objected, that no Man can di&s;po&s;e of &s;o great a Quantity; to which Objection An&s;wer is made, that it is but a &s;mall Quantity to what is con&s;umed in this City and Suburbs: For it is computed, that Ten hundred thou|&s;and Chaldrons of Coals are yearly Imported into the River of <HI>Thames;</HI> there being many Brewers and Gla&s;s-hou&s;es that u&s;e Eight hundred, or a Thou|&s;and Chaldrons every Year.</P>
<P>Now to the an&s;wering all Objections that can be brought, the fir&s;t and main Objection will be this. What A&s;&s;urance can there be of gaining &s;o many Cu|&s;tomers, as will Imploy the Engin all the Year round? The 2d Objection may
<PB N="3" REF="2">be, How can Ten pence be given in every Chaldron of Coals that is Landed by this Engin? The 3d Objection may be, What Profit will there be to him that comes in as Partner? The&s;e Objections may ea&s;ily be an&s;wered; for by the u&s;e of this Engin, the Projecter delivers his Coals one Shilling and ten pence in every Chaldron, cheaper than he formerly could do; be&s;ides the conveniency of &s;eeing them Mea&s;ur'd, and buying them cheaper, by rea&s;on of the quick Di&s;patch.</P>
<P>For if a Ship of Two hundred Chaldrons arrives at his Wharf one Day he can di&s;charge them the next, be&s;ides the Privilege that he has of chu&s;ing &s;uch Coals as will give all People &s;atisfaction, by rea&s;on of the Fleet, always lying be fore his Wharf.</P>
<P>Now for An&s;wer to the fir&s;t Objection, That he can procure as much Cu&s;tom, as will always keep his Engin employ'd, by the following Methods:</P>
<P>Fir&s;t, he propo&s;es, that out of the one Shilling and Ten pence, that is &s;av'd out of the Engin, one Shilling &s;hall be allow'd the Cu&s;tomer. At all other Places, every one gives one Shilling <HI>per</HI> Chaldron Light' rage; be&s;ides the waiting for Tides: Here all Per&s;ons, who deal with him are freed from the charge of Lighters, and the trouble of waiting for Tides: For they &s;tand on the Wharf, and &s;ee their Coals Mea&s;ured out of the Ve&s;&s;el, into the Fat, by a Sworn Meeter, Loaded into the Carts&punc; and carried immediatly to their re&s;pective places of Abode, if it be a Hundred Chaldrons in a Day; which gives a general Satisfaction, and has already turned to that account, that he has gain'd above Five hundred Cu&s;tomers.</P>
<P>And can it be &s;uppo&s;ed, that Brewers; Gla&s;s-hou&s;es, Dyers, D &s;tillers, and other great Dealers that u&s;e Five or Six hundred, or a Thou&s;and Chaldrons of Coals in the Year, will give &s;o many hundreds of Shillings for L<GAP DESC="illegible" RESP="KEYERS" EXTENT="1 letter">ghters, be&s;ides the trouble and charge of waiting for Tides; when they can &s;ave Thirty, Forty, or Fifty pounds in the Year, and be at no Trouble or Expence?</P>
<P>And to the 2d Objection, it may be replyed, that there is Ten pence <HI>per</HI> Chaldron remaining out of the Profit of the Engin, which is to go for the Intere&s;t of a Thou&s;and Pounds; &s;o that the whole Profit of the Engin, is given to procure a Trade, and increa&s;e the Stock.</P>
<P>And as for the 3d Objection, the Profits and Advantages to the Undertaker and Partner, will be the&s;e, <HI>viz.</HI></P>
<P N="1">I. Three pence for every Chaldron Wharfage, and Nine-pence for the Loading of the Carts</P>
<P N="2">II. The advantage of buying them Cheaper, by rea&s;on of the quick deli|vering of the Shipping.</P>
<P N="3">III. The Advantage of the Carts, that Carry them Home.</P>
<P N="4">IV The Advantage of the Ri&s;e of Fifteen hundred, or Two thou&s;and Chaldrons of Coals in the Winter, when they ri&s;e Five, Ten, Fifteen, or Twenty Shillings in a Chaldron; which &s;aid Quantity of Coals he de&s;igns to lay up every Winter.</P>
<P>So that Fir&s;t, here is a certainty of a great Trade, 2dly, there is an A&s;|&s;urance of good Intre&s;t for Mony, and 3dly, there will be con&s;iderable Profit to him&s;elf and Partner.</P>
<P>The main De&s;ign in Printing the&s;e Propo&s;als, is for the encouragment of Trade&punc; and to make the be&s;t advantage to him&s;elf, of &s;uch an Undertaking: For he is a&s;&s;<GAP DESC="illegible" RESP="KEYERS" EXTENT="1 letter">r'd, That were there Three Four, or Five thou&s;and pounds Stock; what with the Profit of the Engin, the Advantage of buying the
<PB N="4" REF="3" MS="y">Coals at the be&s;t hand, with the Wharfage, Loading, carrying of them home, returning the Mony &s;o often in the Year, and the ri&s;e of the Coals in the Winter, it would make <HI>Cent per Cent,</HI> without the running any Hazard</P>
<P>And for further &s;atisfaction; any Per&s;on who is de&s;irous to be ad|mitt<GAP DESC="illegible" RESP="KEYERS" EXTENT="1 letter">d as Partner, or otherwi&s;e, may come and &s;ee the Engin work nine, or t<GAP DESC="illegible" RESP="KEYERS" EXTENT="1 letter">n Chaldrons of Coals from the Ship, in the &s;pace of an Hour. Tho&s;e that cannot come them&s;elves, and yet have a mind to be concern'd, may &s;end a Penny-po&s;t Letter to the &s;aid <HI>Charles Povey,</HI> &s;ignifying where he may come and di&s;cour&s;e with them about that Affair.</P>
<LIST>
<HEAD>The&s;e Propo&s;als are to be had at the following Places.</HEAD>
<ITEM>Mr. <HI>Gilliflower</HI> Book-&s;eller, in <HI>We&s;tmin&s;ter</HI>-hall.</ITEM>
<ITEM>Mr. <HI>Man</HI>'s Coffee-hou&s;e, at <HI>Charing</HI>-cro&s;s.</ITEM>
<ITEM>Mr. <HI>Rumbald</HI> Book-&s;eller, at the Po&s;t-hou&s;e in <HI>Ru&s;&s;el</HI>-&s;treet <HI>Co|vent</HI>-garden.</ITEM>
<ITEM>Mr. <HI>Wotton</HI> Book-&s;eller, at the three Daggers, near the In|ner Temple-gate in <HI>Fleet</HI>-&s;treet.</ITEM>
<ITEM>Mr. <HI>Mortlock</HI> Book-&s;eller, at the <HI>Phaenix</HI> in St <HI>Paul</HI>'s Church|yard.</ITEM>
<ITEM>Mr. <HI>Parker</HI> Book-&s;eller, at the Leg and Star in <HI>Cornhill,</HI> over again&s;t the Royal Exchange.</ITEM>
<ITEM>Mr. <HI>Green</HI> Gold-&s;mith, at the blew Anchor on little Tower-hill, going into the <HI>Minories.</HI></ITEM>
<ITEM>Mr. <HI>Be&s;outh</HI> Cutler, in the broad Street, near <HI>Ratcliff</HI>-cro&s;s, next door to the Crown-Coffee-hou&s;e.</ITEM>
<ITEM>Mr. <HI>Rowe</HI>'s Coffee-hou&s;e, at the Bridg-foot in the Borough of <HI>Southwaak.</HI></ITEM>
<ITEM><HI>Charles Povey</HI> Coal-Merchant, near Execution-Dock, in <HI>Wapping.</HI></ITEM>
</LIST>
</DIV1>
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<BACK>
<DIV1 TYPE="colophon">
<P>LONDON, Printed by <HI>Henry Hills</HI> in <HI>Black-Fryers,</HI> near the Water-&s;ide.</P>
</DIV1>
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