<!DOCTYPE ETS PUBLIC "-//UMDLPS//DTD EEBOPROOF 2.0//EN">
<ETS>
<TEMPHEAD>
<REVDESCR>
<CHANGE>
<DATE>2014-10-07</DATE>
<RESPSTMT>
<NAME>Simon Charles</NAME>
<RESP>MURP</RESP>
</RESPSTMT>
<ITEM>Proofed and reviewed as part of batch Z140413.pdcc.</ITEM>
</CHANGE>
</REVDESCR>
</TEMPHEAD>
<EEBO>
<IDG S="marc" R="OX" ID="B21524">
<STC T="W">E41B</STC>
<STC T="G">816.m.10[23]</STC>
<STC T="C">R224665</STC>
<BIBNO T="umi">99885576</BIBNO>
<VID>185346</VID>
</IDG><!-- alt.stc G816.m.10[23] --><!-- alt.stc CR224665 -->
<TEXT LANG="eng">
<BODY>
<DIV1 TYPE="proposal">
<PB REF="1" MS="y">
<HEAD><HI>A PROPOSAL</HI> for the Speedy Procuring a &s;ufficient Quantity of <HI>PLATE,</HI> to make 950000 l. of <HI>NEW MONEY,</HI> humbly Offer'd to the Con&s;idera|tion of the <HI>Lords</HI> and <HI>Commons</HI> now A&s;&s;embled in <HI>Parliament.</HI></HEAD>
<P>ALthough the &s;everal <HI>Propo&s;als</HI> which have been made for <HI>Regulating the Coin,</HI> differ in &s;ome <HI>other</HI> points, they &s;eem all to agree in <HI>this,</HI> viz. That <HI>Three Fifths</HI> of Coin in the whole Kingdom is (more or le&s;s) Clipp'd, and that this Clipp'd Money, taken together doth want <HI>Two Fifths</HI> of what it ought to weigh, &s;o that if this Clipp'd Money were all <HI>Sterling</HI> Silver, (which yet it is not) it will make but <HI>Three Fifths</HI> of New Money according to the pre&s;ent Standard.</P>
<P>I take it for granted, that the Fund to be &s;ettled for the &s;upplying the <HI>Deficiency</HI> of the Clipp'd Money, will an&s;wer the <HI>End</HI> for which it is de&s;ign'd. But 'tis plain 100 <HI>l.</HI> of Clipp'd Money which wants <HI>Two Fifths</HI> of its Weight, cannot be made good, but by the Addition of &s;o much Silver, as will make <HI>Two Fifths</HI> of 100 <HI>l.</HI> And there|fore if it be nece&s;&s;ary to the carrying on the pre&s;ent War, and the Trade of the Nati|on, that there &s;hould be as much <HI>New Money</HI> of <HI>full Weight,</HI> as there is now of the <HI>Old</HI> by <HI>Tale,</HI> there will want a great Quantity of Plate or <HI>Bullion</HI> to &s;upply this Defect. To <HI>buy</HI> Bullion with Money will not <HI>increa&s;e</HI> the Coin, and if we <HI>&s;tay</HI> till it comes in return for our Commodities, it may come <HI>too late.</HI></P>
<P>It is therefore humbly propo&s;ed, that &s;uch <HI>Encouragement</HI> be given, as may induce the People <HI>Voluntarily</HI> to bring in their Plate to be Coin'd into New Money; which I pre&s;ume they will do upon the <HI>advantageous Terms</HI> following.</P>
<LIST>
<ITEM>1. Let there be given out 100000 <HI>number'd Tickets,</HI> to &s;uch Per&s;ons as &s;hall bring in their Plate to be Coin'd; that is, <HI>One</HI> Ticket for every 38 Ounces of Sterling Plate, the&s;e 100000 Tickets will an&s;wer to 3800000 Ounces of Plate. Every &s;uch Ticket &s;hall &s;ecure to the Owner 10 <HI>l.</HI> of New Money to be paid at a certain Day after Drawing; by this means every Per&s;on will receive 5 <HI>s.</HI> 3 <HI>d.</HI> an Ounce for his Plate, be&s;ides the Advantage that may accrue by a Benefited Ticket.</ITEM>
<ITEM>2. Let 100000 <HI>l.</HI> be divided among&s;t 10000 Benefited Tickets, as in the following Table, and let the&s;e 10000 Benefited Tickets be mix'd with 90000 blank Tickets, and drawn with the 100000 number'd Tickets above-mention'd, as in the Million Lottery.</ITEM>
</LIST>
<P>The <HI>Advantages</HI> of this <HI>Propo&s;al</HI> are obvious: Here is but <HI>Nine</HI> Blanks to <HI>One</HI> Prize, whereas in the Million Lottery there was <HI>Thirty Nine</HI> to <HI>One,</HI> and in mo&s;t <HI>other Lotteries</HI> the Odds hath been <HI>double</HI> or <HI>treble</HI> to what is here propo&s;ed. Be&s;ides, in tho&s;e Lotteries there hath been 10 <HI>per Cent.</HI> deducted for the <HI>Charges</HI> of Ma|nagement; whereas in <HI>this</HI> every Adventurer will be &s;ure to receive 5 <HI>s.</HI> 3 <HI>d.</HI> an Ounce for his Plate, and therefore runs no Ri&s;que, tho' none of the Benefited Tickets &s;hould fall, to his &s;hare; but if he &s;hould have a Benefited Ticket (and 'tis but <HI>Nine</HI> to <HI>One</HI> that he hath not) that will be clear <HI>Gain</HI> over and above the 5 <HI>s.</HI> 3 <HI>d.</HI> an Ounce for his Plate.</P>
<P><TABLE>
<ROW>
<CELL ROLE="label" COLS="2"><HI>Benefited Tickets.</HI></CELL>
<CELL ROLE="label" COLS="2"><HI>Value of each Be|nefited Ticket.</HI></CELL>
<CELL ROLE="label"><HI>Total of all the Benefited Tickets.</HI></CELL>
</ROW>
<ROW>
<CELL>1</CELL>
<CELL>of</CELL>
<CELL>1000</CELL>
<CELL><HI>l.</HI></CELL>
<CELL>1000</CELL>
</ROW>
<ROW>
<CELL>10</CELL>
<CELL>&nbsp;</CELL>
<CELL>500</CELL>
<CELL>&nbsp;</CELL>
<CELL>5000</CELL>
</ROW>
<ROW>
<CELL>49</CELL>
<CELL>&nbsp;</CELL>
<CELL>40</CELL>
<CELL>&nbsp;</CELL>
<CELL>1960</CELL>
</ROW>
<ROW>
<CELL>120</CELL>
<CELL>&nbsp;</CELL>
<CELL>30</CELL>
<CELL>&nbsp;</CELL>
<CELL>3600</CELL>
</ROW>
<ROW>
<CELL>360</CELL>
<CELL>&nbsp;</CELL>
<CELL>24</CELL>
<CELL>&nbsp;</CELL>
<CELL>8640</CELL>
</ROW>
<ROW>
<CELL>760</CELL>
<CELL>&nbsp;</CELL>
<CELL>20</CELL>
<CELL>&nbsp;</CELL>
<CELL>15200</CELL>
</ROW>
<ROW>
<CELL>1700</CELL>
<CELL>&nbsp;</CELL>
<CELL>12</CELL>
<CELL>&nbsp;</CELL>
<CELL>20400</CELL>
</ROW>
<ROW>
<CELL>3000</CELL>
<CELL>&nbsp;</CELL>
<CELL>8</CELL>
<CELL>&nbsp;</CELL>
<CELL>24000</CELL>
</ROW>
<ROW>
<CELL>4000</CELL>
<CELL>&nbsp;</CELL>
<CELL>5</CELL>
<CELL>&nbsp;</CELL>
<CELL>20000</CELL>
</ROW>
<ROW>
<CELL COLS="4">Fir&s;t and la&s;t Drawn 100 <HI>l.</HI> each,</CELL>
<CELL>200</CELL>
</ROW>
<ROW>
<CELL ROLE="total">10000</CELL>
<CELL>&nbsp;</CELL>
<CELL>&nbsp;</CELL>
<CELL>&nbsp;</CELL>
<CELL ROLE="total">100000</CELL>
</ROW>
</TABLE></P>
<P>Con&s;idering how many Lot|teries have been Drawn <HI>Full,</HI> in which the Security was not &s;o <HI>good,</HI> nor the Advantage near &s;o <HI>great</HI> as here propo&s;ed, it is highly probable that this will be <HI>full</HI> in a &s;hort time, (and to make this the more certain, 'tis but prohibiting the u&s;e of Sil|ver Tankards <GAP DESC="illegible" RESP="OXF" EXTENT="1 letter">nd other Plate in Publick Hou&s;es.) However, if it &s;hould not be <HI>full</HI> by the time &s;et, it may be Drawn in <HI>Proportion</HI> to the Quantity of Plate that &s;hall be then brought in, and the <HI>Advantages</HI> remain the <HI>&s;ame</HI> to each Adventurer.</P>
<P><TABLE>
<ROW>
<CELL>By this Propo&s;al the Government will pay (in New Mony) for the&s;e 3800000 Ounces of Plate,</CELL>
<CELL>&nbsp;</CELL>
<CELL>1000000 <HI>l.</HI></CELL>
</ROW>
<ROW>
<CELL>Be&s;ides the Benefited Tickets, which comes to</CELL>
<CELL>&nbsp;</CELL>
<CELL>100000</CELL>
</ROW>
<ROW>
<CELL>&nbsp;</CELL>
<CELL>Sum</CELL>
<CELL>1100000</CELL>
</ROW>
<ROW>
<CELL>The 3800000 Ounces of Plate, will make</CELL>
<CELL>&nbsp;</CELL>
<CELL>950000</CELL>
</ROW>
<ROW>
<CELL>So the Charge to the Government will be</CELL>
<CELL>&nbsp;</CELL>
<CELL>150000</CELL>
</ROW>
</TABLE></P>
<P>To be made good by &s;uch ways as the Parliament &s;hall think fit. This Plate will not co&s;t full 9 <HI>d. ob.</HI> above 5 <HI>s.</HI> an Ounce which is here &s;uppo&s;ed to be the <HI>Common Price</HI></P>
</DIV1>
<DIV1 TYPE="half title">
<PB REF="2">
<P>A PROPOSAL for Supplying the Want of Silver, <HI>&amp;c</HI></P>
</DIV1>
</BODY>
</TEXT>
</EEBO>
</ETS>
