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<DATE>2014-10-13</DATE>
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<NAME>Kate Allen</NAME>
<RESP>MURP</RESP>
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<IDG S="marc" R="UM" ID="B26424">
<STC T="W">M219</STC>
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<VID>204963</VID>
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<TEXT LANG="eng">
<FRONT>
<DIV1 TYPE="title page">
<PB REF="1" MS="y">
<P><HI>THE Mine-Adventure; OR, AN EXPEDIENT,</HI>
<LIST>
<ITEM><HI>Fir&s;t,</HI> For Compo&s;ing all Differences between the Partners of the Mines late of Sir <HI>Carbery Pry&s;e.</HI></ITEM>
<ITEM><HI>Secondly,</HI> For E&s;tabli&s;hing a new Method for the Ma|nagement thereof, and thereby (in&s;tead of an Arbitrary Power over the Mines and Stock of all the Partners <HI>in one Per&s;on</HI>) &s;ettling an equal and fair Con&s;titution for every Per&s;on concerned.</ITEM>
<ITEM><HI>Thirdly,</HI> For Granting &s;everal Charities out of the &s;ame to the Poor of every County in <HI>England</HI> and <HI>Wales,</HI> without Prejudice to the Partners.</ITEM>
<ITEM><HI>Fourthly,</HI> For Enabling the Partners to Employ a much greater Stock therein, and con&s;equently (in the &s;ame propor|tion) to advance the Gain and Profits thereof.</ITEM>
<ITEM><HI>Fifthly,</HI> For Di&s;charging all Debts, Duties, and De|mands chargeable upon the &s;aid Mines, Originally occa|&s;ioned by &s;everal Expen&s;ive Law-Suits between the &s;aid Sir <HI>Carbery Pry&s;e</HI> and the Patentees of Royal Mines.</ITEM>
<ITEM><HI>AND, Sixthly,</HI> For rai&s;ing a large Stock of <HI>20000 l.</HI> (clear of all manner of Incumbrances) for the working and car|rying on the &s;aid Mineral Works, to the great Advantage of the King and Kingdom.</ITEM>
</LIST></P>
<P><HI>Propo&s;ed by Sir</HI> Humphrey Mackworth, <HI>Peru&s;ed and Settled by</HI> Emi|nent and Learned Council <HI>in the</HI> Law, <HI>and finally E&s;tabli&s;hed in</HI> Two Indentures, <HI>made and executed by the</HI> pre&s;ent Partners, <HI>and which &s;hall be</HI> In<GAP DESC="illegible" RESP="MURP" EXTENT="2 letters">lled <HI>in the High Court of</HI> Chancery.</P>
<P>LONDON: <HI>Printed by</HI> Freeman Collins, <HI>in the</HI> Old-Baily, <HI>1698.</HI></P>
</DIV1>
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<DIV1 TYPE="text">
<PB N="2" REF="2">
<HEAD>A <HI>DESCRIPTION</HI> of the Silver, Lead and Copper Mines, late of Sir <HI>Carbery Pry&s;e,</HI> lying in <HI>Cardigan&s;hire,</HI> within four Miles of the Navigable River <HI>Dovey,</HI> and from thence a Mile by Water to the Port of <HI>Aberdovey,</HI> where Ve&s;&s;els of Three or Four hundred Tuns may ride with great Safety.</HEAD>
<P><NOTE PLACE="marg"><HI>See the Book entituled,</HI> An E&s;&s;ay on the Value of the Mines, late of Sir <HI>Carbery</HI> Pry&s;e, <HI>by</HI> Wil|liam Waller <HI>Gent. chief Steward of the &s;aid Mines.</HI></NOTE><FIGURE>
<FIGDESC>stratigraphic map of the mine, labeled with letters which correspond to the following list</FIGDESC>
</FIGURE></P>
<LIST>
<ITEM><HI>a</HI> The North-Vein of Lead-Oar, three Foot wide.</ITEM>
<ITEM><HI>b</HI> The great Lead-Vein, eleven Foot wide.</ITEM>
<ITEM><HI>c</HI> A Vein of Lead-Oar &s;ix Foot wide.</ITEM>
<ITEM><HI>e</HI> A Vein of Lead-Oar three Foot wide.</ITEM>
<ITEM><HI>f</HI> A Vein of Green-Copper-Oar, four Foot wide, and yields Three Tun of Copper from Twenty Tun of Oar.</ITEM>
<ITEM><HI>g</HI> The Bog-Vein, four Foot wide, all Potters Oar.</ITEM>
<ITEM><HI>h</HI> The Cro&s;s Vein of Lead-Oar, three Foot wide.</ITEM>
<ITEM><HI>i</HI> The Cro&s;s Vein of Brown Cop|per-Oar, five Foot wide, and yields five Tun of Copper out of twenty Tun of Oar.</ITEM>
<ITEM><HI>k</HI> The fir&s;t great Shaft and We|&s;tern Boundary.</ITEM>
<ITEM><HI>l</HI> The Ea&s;t Level 64 yards deep.</ITEM>
<ITEM><HI>m</HI> The Ea&s;tern Boundary.</ITEM>
<ITEM><HI>t t t</HI> The places where the Cro&s;s Veins meet with the other Veins; which are called by Miners, the <HI>(T)</HI> of the Veins, and are accounted the riche&s;t part of them.</ITEM>
<ITEM><HI>o</HI> The We&s;t Level 64 yards deep.</ITEM>
</LIST>
<P>Note, <HI>All the &s;aid Veins are fix'd and &s;ettled betwixt firm and &s;olid Sides, and ri&s;e equally near to the Surface of the Ground; and all (except the Cro&s;s Veins) lye parallel to the great Vein, de&s;cending downwards like the Mine of</HI> Potozi; <HI>but being many in Number, and cro&s;&s;ing each other could not be better de&s;cribed together on Paper,</HI></P>
<P>The Scale for the Length four hundred Yards in an Inch; and for the Height of the Mountain eighty Yards in an Inch; and for the Di&s;tance between the Veins forty Yards in an Inch.</P>
<P><NOTE PLACE="marg">Eight Veins to|gether.</NOTE>And thus you &s;ee that there are Eight large Veins of <HI>Silver, Lead,</HI> and <HI>Copper</HI> Oar lying near together in one Mountain, which, it's pre&s;um'd, cannot be parallel'd in any part of the Chri&s;tian World.</P>
<P>And whereas 'tis not unu&s;ual to lay out Five, Six, or Seven thou|&s;and pounds to make a Level, Adit, or Sough to Drain the Wate<GAP DESC="illegible" RESP="MURP" EXTENT="1 letter"> from one &s;mall Vein of Lead-Oar of two or three Foot thick, here a far le<GAP DESC="illegible" RESP="MURP" EXTENT="1 letter">s Sum of Money will fini&s;h both the Ea&s;t and We&s;t Levels above-mention|ed,<NOTE PLACE="marg">One Level &s;erves for &s;ix Veins.</NOTE> Sixty four yards deep, which, with a &s;mall cro&s;s Drift or Cut, will drain the Water from all, or mo&s;t of the&s;e Veins at the &s;ame time, the lea&s;t of which is three Foot wide betwixt its firm &s;ides. <HI>This Conveniency will be valued at a very high Rate by all Per&s;ons experienced in the Art of Mining.</HI><NOTE PLACE="marg">&rindx;</NOTE></P>
<PB N="3" REF="2">
<P>But as to the Value of the&s;e Mines,<NOTE PLACE="marg">The value of the Mines de|mon&s;trated by <HI>William Wal|ler,</HI> Gent. Stew|ard.</NOTE> it may be ob&s;erved from a Book, Entituled, <HI>An E&s;&s;ay on the Value of the Mines late of Sir</HI> Carbery Pry&s;e, and writ for the private Satisfaction of the Partners, by <HI>William Waller</HI> Gent. the pre&s;ent Steward thereof, (who is an Ingenious, Ap|proved, and Experienc'd Arti&s;t in the management of Mineral Works, and a Per&s;on of a clear, un&s;potted Reputation, and of no mean Circum|&s;tances in the World) to what a prodigious Value the&s;e Mines might be advanced by a large Stock and prudent Management.</P>
<P>And what an advantagious Bargain the Partners had in 1693.<NOTE PLACE="marg">The Advan|tage the Part|ners had in <HI>1693.</HI> lo&s;t by differences a|mong&s;t them|&s;elves.</NOTE> when they bought at 17 <HI>l. per</HI> &s;hare, in Ca&s;e they had not fallen into unhap|py Differences among&s;t them&s;elves, but had agreed to rai&s;e a Competent Stock, and to carry on the Works to the be&s;t Advantage.</P>
<P>But (be&s;ides the Arguments in that book, to which the Reader is referr'd) it may he farther offer'd to the Con&s;ideration of all Per&s;ons experienced in the Art of Mining,<NOTE PLACE="marg">That the Mines are better worth <HI>50 l.</HI> per &s;hare at this day, then <HI>17 l. per</HI> &s;hare in <HI>1693.</HI></NOTE> and acquainted with the Circum&s;tances of the&s;e Mines in the Year 1693. <HI>Whether the &s;aid Partners &s;hares may not, with good rea&s;on, be computed to be better worth</HI> 50 l. per <HI>&s;hare at this day (with all the Grants and other Advantages in the new Settlements of this Expedi|ent) than they were worth</HI> 17 l. per <HI>&s;hare in the Year</HI> 1693?<NOTE PLACE="marg">Rea&s;ons offer|ed,</NOTE> For <HI>then</HI> the Shares were valued and bought upon the Credit of <HI>one</HI> Vein only, (the richne&s;s of the five other Lead Veins, or the two Copper Veins, be|in then not at all di&s;covered, and con&s;equently not in the lea&s;t con&s;i|dered in the Purcha&s;e) <HI>whereas now</HI> here is five Lead Veins more,<NOTE PLACE="marg">Fir&s;t. From the New Di&s;coveries.</NOTE> valued by the Steward at 60000 <HI>l. per Annum,</HI> and two Copper Veins valued at 36000 <HI>l. per Annum,</HI> and which yield malleable Copper in the fir&s;t run|ning; and being large Veins, and very rich in Copper, may at the Le|vel, which is 64 Yards deep, grow to be of equal value with all the Lead, (this being &s;old at 10 <HI>l. per</HI> Tun, and Copper at 100 <HI>l. per</HI> Tun) or thereabouts.</P>
<P N="2">2dly, <HI>Then</HI> their Adits, Levels, Soughs and Air-&s;hafts were not begun;<NOTE PLACE="marg">By having, Le|vils, Adits, and Shafts.</NOTE> <HI>now</HI> the Ea&s;t-Level is brought home within Twenty or Thirty Yards of the Mine, and the We&s;t-Level is carried up Two hundred and ten yards in length, and many Air-Shafts are &s;unk, which is a va&s;t Advantage.</P>
<P N="3">3dly, <HI>Then</HI> they had no Smelting-Hou&s;es, Cupulo's,<NOTE PLACE="marg">By having Smelting-hou|&s;es, <HI>&amp;c.</HI> ready built.</NOTE> nor Store-Hou|&s;es, or other Buildings nece&s;&s;ary for the carrying on the &s;aid Works; but <HI>now</HI> they have Smelting-Hou&s;es, <HI>&amp;c.</HI> ready for Employment.</P>
<P N="4">4thly, <HI>Then</HI> the Mines were charged with great Debts, Salaries,<NOTE PLACE="marg">By being di&s;|charged of all Debts, <HI>&amp;c.</HI></NOTE> and Payments; but <HI>hereby</HI> they are di&s;charged from all manner of Incumbran|ces.</P>
<P N="5">5thly, <HI>Then</HI> the Partners were unexperienced in the Management of Mineral Works; but now they have gained five Years experience:<NOTE PLACE="marg">By having five years experi|ence.</NOTE> <HI>and the Profits of &s;uch Works depend much upon the Method and Conduct of the Ma|nagers.</HI></P>
<P N="6">6thly, <HI>Then</HI> their Con&s;titutions were Arbitrary;<NOTE PLACE="marg">By having a better Con&s;ti|tution.</NOTE> but <HI>now</HI> fair and equal for every Per&s;on concerned: <HI>And this Advantage the Partners value at a high rate; who know the Difficulties they laboured under before, for want of it.</HI></P>
<P N="7">7thly, <HI>Then</HI> the Partners wanted divers Liberties and Priviledges,<NOTE PLACE="marg">By a grant of new Liberties; and being there|by enabled to employ a great|er &s;tock.</NOTE> whereby they were both di&s;couraged from rai&s;ing a large Stock, and de|prived of an Opportunity of Employing of it in the Works, when rai&s;ed. But <HI>now</HI> all tho&s;e Liberties are not only granted to them to en|able them to employ five times the Stock and Number of Men, but even the rai&s;ing of the Stock it &s;elf is part of the Expedient.</P>
<P>And 'tis pre&s;umed that it is well known to the World,<NOTE PLACE="marg">The greater the &s;tock, the greater the profit.</NOTE> in the Ca&s;e of Mineral Works, that if the Proprietors can rai&s;e and employ a greater Stock therein, they will proportionably advance the Gain and Profit thereof;
<PB N="4" REF="3"> &s;o that if they double the Stock they double the Profit,<NOTE PLACE="marg"><HI>See Mr.</HI> Wal|ler<HI>'s E&s;&s;ay,</HI> pag. 41, 44, 45.</NOTE> and &s;o by Con|&s;equence, if they can rai&s;e and employ five times the Stock, they will have and receive five times the Profit; for their Gains are greater or le&s;s in proportion to the number of Hands they employ; and the number of Hands are greater or le&s;s in proportion to the Stock. As for Exam|ple;<NOTE PLACE="marg">An Example.</NOTE> Suppo&s;e every Workman to get half a Tun of Oar in the Week, which when made into Lead, will yield a clear Profit to the Owners of Two pound &s;even &s;hillings, as is proved in the &s;aid printed <HI>E&s;&s;ay, pag.</HI> 8, 9. and was actually done at one of the&s;e Mines, which at Fifty Weeks, amounts to Twenty five Tun of Oar, and to One hun|dred and &s;eventeen pounds ten &s;hillings <HI>per Annum:</HI> And &s;uppo&s;e a Stock of Four thou&s;and pounds would employ One hundred and twenty Men, who at the &s;ame rate will rai&s;e Three thou&s;and Tun of Oar, which amounts to Fourteen thou&s;and and one hundred pounds <HI>per Annum:</HI> If you double your Stock, and con&s;equently employ Two hundred and forty Men, your Profit will be double, <HI>viz.</HI> Twenty eight thou&s;and and two hundred pounds <HI>per Annum;</HI> and by the &s;ame rea&s;on, if you rai&s;e a Stock of Twenty thou&s;and pounds, which is five times Four thou&s;and pounds (the Stock in 1693.<NOTE PLACE="marg"><HI>Note,</HI> The &s;tock in <HI>1693.</HI> was employed as a dead Stock in making Levels, Smelting Hou|&s;es, <HI>&amp;c.</HI></NOTE>) and there|by employ Six hundred Men (which is five times One hundred and twen|ty) your Gain will be five times as great, <HI>viz.</HI> Seventy thou&s;and and five hundred pounds <HI>per Annum;</HI> and &s;o on proportionable to the Stock and Number of Men you can employ in the&s;e Mines.</P>
<P>But to prove that a much greater Number of Men may <HI>now</HI> be employ|ed in the&s;e Mines,<NOTE PLACE="marg"><HI>Note,</HI> That a great number of men may be employed with|out danger of the Mines be|ing exhau&s;ted.</NOTE> when the Levels are brought home, and the Works &s;et in order, without danger of the Mines being exhau&s;ted. See the &s;aid prin|ted <HI>E&s;&s;ay;</HI> whereby it appears (among&s;t &s;everal others) that at <HI>Ke&s;wick</HI> in <HI>Cumberland</HI> was employed Four thou&s;and Men in one Vein, and at a &s;mall Vein Two foot wide in <HI>Arkindale</HI> in <HI>York&s;hire,</HI> Six hundred Men; and that the Mine of <HI>Potozi</HI> (&s;ix foot wide) hath la&s;ted above One hun|dred and fifty years with Twenty thou&s;and Men; and the Mines of <HI>Crem|nits</HI> in <HI>Germany</HI> Nine hundred and fifty Years. And at <HI>Coom&s;umblock,</HI> a Silver Mine in <HI>Cardigan&s;hire,</HI> a &s;mall Vein not Two foot wide, Four hun|dred Men were employed by the Patentees of Royal Mines for many years, and by the help of a Water Engine, may be employed again to great Profit.</P>
<P N="8"><NOTE PLACE="marg">And by having a Term better in Profit by three years than the former.</NOTE>8thly <HI>and la&s;tly,</HI> In 1693. they could not work for Profit till the Le|vels were made, and in the carrying up the Levels there could not be employed more Men then was, &s;o that Three years was of nece&s;&s;ity to be lo&s;t in Dead-work, which reduced the Original Term for Profit, from Twenty two to Nineteen years, or thereabouts; whereas now they will have a compleat Term of Twenty two years, which (with the&s;e Levels <HI>&amp;c.</HI>) is Three years better in real Profit then the Original Term; &s;o that in effect the Partners have the Advantages of a Term of Twenty five years, in&s;tead of Two and twenty years: And the&s;e Three la&s;t years by rea&s;on of encrea&s;ing and multiplying of Hands every year, may be worth as much as Six years in the beginning of the Term.</P>
<P><NOTE PLACE="marg">All the&s;e ad|vantages being very great.</NOTE>All which Advantages being &s;eriou&s;ly con&s;idered, and put together, cannot but have their due weight by all tho&s;e who are experienced in the Management of Mineral Works.</P>
<P><NOTE PLACE="marg">Lea&s;t the World &s;hould be &s;urprized with &s;o advan|tagious an offer, Sir <HI>H. M.</HI> fir&s;t opens.</NOTE>And here it might rea&s;onably be expected that Sir <HI>H. M.</HI> &s;hould begin to open his Expedient&mdash; But becau&s;e it cannot be imagin'd but that the World will be &s;urpri&s;ed to &s;ee &s;o rich a Trea&s;ure offered to them upon &s;uch ea&s;ie and advantagious Terms as are herein after mentioned, it may not be improper to open fir&s;t the true Rea&s;on that induced Sir <HI>H. M.</HI> to propo&s;e, and the Partners to comply with this Undertaking; which was as followeth <HI>(viz.)</HI></P>
<PB N="5" REF="3">
<P>Sir <HI>Carbery Pry&s;e</HI> having &s;everal Law-Suits with the Patentees of Roy|al Mines, and having expended con&s;iderable Sums of Money therein,<NOTE PLACE="marg">The Rea&s;ons which induced the Partners to comply with this Expedient.</NOTE> and not being able to carry on the &s;aid Mineral Works to the be&s;t Ad|vantage without &s;ome A&s;&s;i&s;tance, thought fit to take in &s;everal Partners, who afterwards &s;old &s;ome Shares for Seventeen pounds <HI>per</HI> Share, and covenanted to di&s;charge the Mines from all <HI>Incumbrances,</HI> and out of the Purcha&s;e Money to pay the Sum of Four thou&s;and and eight pounds for a dead Stock, to carry up the Levels, &s;ink Air Shafts, and build Smelt|ing Hou&s;es, <HI>&amp;c.</HI></P>
<P>But the&s;e things not being fully performed, Differences did ari&s;e between the Old and New Partners, the Officers, Stewards, and Miners were left unpaid, and mo&s;t of them forced to leave the Works. The Partners employed &s;everal Per&s;ons of Skill and Judgment to view the Mines; all of them reported that the Mines were extraordinary Rich, and wanted nothing but Men and Money to make them An&s;wer their ut|mo&s;t Expectation.</P>
<P>Thereupon Con&s;ultations were held about rai&s;ing a Quick Stock; but upon Examination of their Deeds and Writings, there appear'd &s;ome Defects. And among&s;t &s;everal others,</P>
<LIST>
<ITEM><HI>First,</HI> To enable them to employ a large Stock, they wanted farther Liberties to be granted to them.</ITEM>
<ITEM><HI>Secondly,</HI> They wanted their Terme to be renewed.</ITEM>
<ITEM><HI>Thirdly,</HI> They wanted a better Con&s;titution.</ITEM>
</LIST>
<P>For Sir <HI>Carbery Pry&s;e,</HI> and after him Mr. <HI>Edward Pry&s;e,</HI> having a Majority of Votes in them&s;elves, had an Ab&s;olute and Arbitrary Power over the Mines and Stock of all the Partners, whereupon they declined the rai&s;ing of a Stock till tho&s;e and other Matters could be redre&s;&s;ed.</P>
<P>But in&s;tead of an Accommodation, the Treaties produced greater Differences, till at la&s;t the Scene was changed; and Sir <HI>H. M.</HI> ha|ving purcha&s;ed for him&s;elf and Friends the Intere&s;t and Shares of Sir <HI>Carbery Pry&s;e</HI> and Mr. <HI>Edward Pry&s;e,</HI> tho' he bought the &s;ame for a valuable Con&s;ideration, yet he freely offered to the Partners all, and more then ever was de&s;ired by them, provided they would comply with &s;uch rea&s;onable Things as &s;hould be propo&s;ed for the Common Good.</P>
<P>Whereupon the Partners, at a General Meeting,<NOTE PLACE="marg">And the Rea|&s;ons which in|duced Sir <HI>H.M.</HI> to propo&s;e this Expedient.</NOTE> were plea&s;ed to refer all Differences to his Con&s;ideration: And the &s;aid Sir <HI>H.M.</HI> upon Examina|tion, meeting with greater Difficullies then he imagined; and finding Matters very intricate, and that it was impracticable to compo&s;e their Differences, or to rai&s;e a Stock in any ordinary and u&s;ual way, and ha|ving &s;everal times declared the &s;ame at the General Meetings of the Part|ners, &s;everal Propo&s;als were made and offered to their Con&s;ideration.</P>
<P>The Ways propo&s;ed and offered were,<NOTE PLACE="marg">Several ways propo&s;ed for rai&s;ing a Stock.</NOTE></P>
<LIST>
<ITEM><HI>First,</HI> To rai&s;e a Stock of Twenty thou&s;and pounds by an A&s;&s;e&s;&s;ment of 5 <HI>l. per</HI> Share, to be paid in ready Money.</ITEM>
<ITEM><HI>Secondly,</HI> By increa&s;ing the Number of Shares, and taking in more Part|ners. Or,</ITEM>
<ITEM><HI>Thirdly,</HI> By paying a <HI>Premium</HI> to &s;uch Partners, or others, who would advance the Stock on the Credit of the Mines.</ITEM>
</LIST>
<P>But none of the&s;e Ways did agree with the Circum&s;tances the Partners were in, nor would an&s;wer the Difficulties they laboured under.<NOTE PLACE="marg">Not approved.</NOTE></P>
<PB N="6" REF="4">
<P><NOTE PLACE="marg">And for what Rea&s;ons.</NOTE>For &s;ome of them wanted ready Money to comply with the fir&s;t; o|thers (complaining that the number of Partners and Shares was too great already) did not approve of the Second.</P>
<P>And it was agreed by mo&s;t, that the third way was of &s;uch a Nature, as by Mortgaging and Incumbring the Mines (and con&s;equently drawing the Partners into long Accounts in <HI>Chancery,</HI> and by engaging them to ad|mit of a Management by particular and private Per&s;ons, who&s;e Intere&s;t would be di&s;tinct from the Common Good of the Partners) would put them in as bad a Condition as they were before. And by none of the&s;e Ways any Provi&s;ion was made for clearing the Debts,<NOTE PLACE="marg">&rindx;</NOTE> or reconciling the Differences, which was ab&s;olutely nece&s;&s;ary to be done.</P>
<P><NOTE PLACE="marg">What kind of Propo&s;al was to be made to plea&s;e all Par|ties.</NOTE>And therefore, in order to carry on the &s;aid Mines to the be&s;t Ad|vantage, and unite all the different Intere&s;ts among&s;t the Partners, &s;ome other way was to be thought of in this Ca&s;e, whereby the Partners, and all Adventurers might be &s;ecure and free from Hazard; the A&s;&s;e&s;s|ment of 5 <HI>l. per</HI> Share avoided; the number of Partners rather le&s;&s;ened than increa&s;ed; the Mines di&s;charged from all manner of Debts and In|cumbrances; all Differences accommodated; no <HI>Premiums;</HI> no Mort|gages; no Law-Suits; no Arbitrary Power, nor any Per&s;on of a di|&s;tinct Intere&s;t to interfere in their Management; but that the Parties con|cern'd &s;hould rai&s;e their own Stock, by <HI>An Expedient</HI> &s;afe and ea&s;ie, and have the entire Management of the Mines them&s;elves, under a-fair and equal Con&s;titution.</P>
<P><NOTE PLACE="marg">The Nece&s;&s;ity which obliged Sir <HI>H. M.</HI> to propo&s;e this Expedient.</NOTE>Whereupon Sir <HI>H. M.</HI> (though a Per&s;on utterly unacquainted with Matters of this Nature, and very unfit for &s;uch an Undertaking) yet in a Ca&s;e of Ab&s;olute Nece&s;&s;ity, and rather than &s;uffer &s;o rich a Trea|&s;ure to lye dead and unwrought, to the great Prejudice of him&s;elf and Partners, and Lo&s;s to the whole Nation; and perceiving that no other Propo&s;al would prevail to Unite &s;o many different Intere&s;ts) thought fit to acquaint the Partners, that in ca&s;e all Differences might be compo&s;ed, and the Mines transferred into Tru&s;tees Hands for that purpo&s;e, he would propo&s;e and open to them an EXPEDIENT for clearing all the Debts wherewith the Mines then &s;tood charged; and for rai&s;ing the Sum of Twenty thou&s;and pounds for a Stock for carrying on the working of the &s;aid Mines, without any <HI>Premium</HI> or Repayment of either Principal or Intere&s;t, and for paying and &s;ecuring to &s;uch of the &s;aid Partners as &s;hould be unwilling to become Adventurers with the &s;aid Sir <HI>H. M.</HI> under &s;uch Propo&s;als as he &s;hould make the Sum of 20 <HI>l.</HI> for every Share they re&s;pectively had in the &s;aid Mines.</P>
<P><NOTE PLACE="marg">An Apology for making one &s;o common,</NOTE>And if all this can be accompli&s;hed by a proper and &s;ea&s;onable Application of an Expedient adapted to this particular Ca&s;e, tho' grown ever &s;o common and ordinary in its u&s;e and practice; if a dan|gerous and fatal Di&s;temper can be cured by an ordinary and &s;afe Reme|dy, mixed with other proper Ingredients, 'tis pre&s;umed that neither the <HI>Expedient,</HI> nor the <HI>Remedy,</HI> will be rejected for that Rea&s;on, by any pru|dent Per&s;on, when the Circum&s;tances of the Ca&s;e will admit of no o|ther.</P>
<P><NOTE PLACE="marg">becau&s;e no other would &s;erve.</NOTE>The following <HI>Expedient</HI> therefore being nece&s;&s;ary, and the only Means left to di&s;-intangle the Mines, to rai&s;e a Stock, and to &s;ettle the Parties concerned upon a better Foundation.</P>
<P><NOTE PLACE="marg">What value to be &s;et on the Mines.</NOTE>The next thing to be con&s;idered, in order thereunto, is the pre&s;ent value to be &s;et upon the Mines in this New Undertaking.</P>
<P><NOTE PLACE="marg">That <HI>15000</HI> Tun of Oar may be rai&s;ed out of one Vein.</NOTE>For Mr. <HI>Waller</HI> in his <HI>E&s;&s;ay</HI> &s;eems to have proved (even to demon|&s;tration) that 15000 Tun of Oar may be rai&s;ed with 600 Men out of the Great Vein alone, (when at the Mine of <HI>Potozi,</HI> &s;ix foot wide, they rai&s;e
<PB N="7" REF="4"> 256250 Tuns of Oar every Year) and when at the ordinary and le&s;&s;er Veins in the North &s;o many Men have been employed; Nay when he him&s;elf hath rai&s;ed Four thou&s;and pounds worth of Oar,<NOTE PLACE="marg">&lindx;</NOTE> and imployed Fifty four Men in Ten yards &s;pace in one of the&s;e Veins, Twenty of which Di&s;tances will imploy above 1000 Men. And 'tis plain that a proporti|onable number of Men may be imployed in all the other Veins, both Lead and Copper.</P>
<P>From all which it appears (by Calculation) that the&s;e Mines, may,<NOTE PLACE="marg">The great an|nual value of the&s;e Mines.</NOTE> with a large Stock, and in a few Years, be advanced to an incredible Pro|fit, even to 171972 <HI>l.</HI> 19 <HI>s.</HI> 9 <HI>d. per Annum,</HI> as by the &s;aid <HI>E&s;&s;ay</HI> (to which the Reader is referr'd) may appear.</P>
<P>Yet Sir <HI>H. M.</HI> con&s;idering on one &s;ide,<NOTE PLACE="marg">Rea&s;ons for &s;etting the &s;ame at a much lower value in this Adventure.</NOTE> that the Advantages of an Undertaking ought to be re&s;erved for tho&s;e who continue to Adventure in the Mines for the Publick Good, and not for tho&s;e who go out and leave the Society. And on the other &s;ide, being entirely convinced of the great value of the&s;e Mines, and not thinking it either ju&s;t or honou|rable to take Advantage of the Nece&s;&s;ities of others, or of tho&s;e acci|dental Di&s;couragements they have hitherto met withal, hath thought fit to put the Mines (in this Adventure) at as rea&s;onable a value as po&s;&s;ibly they could be, to an&s;wer the pre&s;ent Nece&s;&s;ities, and to e&s;tabli&s;h a &s;mall Charity; and al&s;o to pay off tho&s;e Partners who&s;e Circum&s;tances may ob|lige them to relinqui&s;h this Undertaking.</P>
<P>That as he is convinced that no Per&s;on hereafter, under the pre&s;ent Settlement and Con&s;titution, can (in all Humane probability) be depri|ved of great Advantages by this Undertaking; &s;o he is not willing that the&s;e Mines (which are &s;o able to pay their own Debts) &s;hould lye under the Scandal and Cur&s;e of having done a Prejudice for the time pa&s;t to a|ny Per&s;on what&s;oever.</P>
<P>The&s;e Mines therefore are, for the pre&s;ent e&s;tabli&s;hment thereof,<NOTE PLACE="marg"><HI>Viz.</HI> at <HI>12500</HI> l. <HI>per Annum,</HI> which is le&s;s than a twelfth part of the real value proved in the &s;aid <HI>E&s;&s;ay.</HI></NOTE> valued in this Adventure at the rate of Twelve thou&s;and five hundred pounds <HI>per Annum,</HI> and no more, which the lea&s;t of the&s;e eight Veins, with a large Stock, may very rea&s;onably be &s;uppo&s;ed to An&s;wer, when the Works of my Lord <HI>Darwenwater</HI> in <HI>Au&s;ton-Moor</HI> in <HI>Cumberland</HI> (Thirty Miles from the Sea) and about Three foot wide, yielded 12000 <HI>l. per Annum</HI> for a fifth Duty, not many years before the late War.</P>
<P>And the rai&s;ing of no more but 3000 Tun of Lead-Oar a year out of all the&s;e mighty Veins, be&s;ides the Copper and Silver,<NOTE PLACE="marg"><HI>3000</HI> Tun of Oar an&s;wers this valuation.</NOTE> will more then an&s;wer this Valuation, which at Ten years <HI>Purcha&s;e</HI> for Twenty two years,<NOTE PLACE="marg">Twenty thou|&s;and pounds re|&s;erved for a Stock.</NOTE> amounts to 125000 <HI>l.</HI> whereof 20000 <HI>l.</HI> is re&s;erved as a Stock for the effectual carrying on the &s;aid Mineral Works.</P>
<P>The Method of this Adventure follows the Pre&s;ident of the <HI>Million Adventure</HI> at large, and in the very words thereof,<NOTE PLACE="marg">The Method of this Adventure.</NOTE> with &s;ome few par|ticular Additions adapted to this particular Ca&s;e, for the Security and Advantage of every Per&s;on concerned.</P>
<Q>This ADVENTURE will be PROFITABLE to the Fortunate,<NOTE PLACE="marg">The Advanta|ges thereof,</NOTE> AD|VANTAGIOUS for the Publick Good, CHARITABLE to the Poor, and cannot be UNPROFITABLE to any Per&s;on what&s;oever.</Q>
<P>For hereby the Fortunate will not only Purcha&s;e the riche&s;t Trea&s;ure of this kind in the&s;e three Kingdoms,<NOTE PLACE="marg">Demon&s;trated.</NOTE> and thereby gain va&s;t E&s;tates to them&s;elves, with the Aid of other Per&s;ons Money, and at a cheap Rate and Value. But, both the Fortunate and Unfortunate are Secured, up|on
<PB N="8" REF="5"> on a &s;afe Fund, to have all their Money (both Principal and Intere&s;t) fully paid back to them, without the lea&s;t Abatement, Co&s;t or Charge what&s;oever; and not without hopes of 800 <HI>l. per Cent.</HI> Profit.</P>
<P>And hereby his Maje&s;ties Cu&s;toms, and the Trade and Wealth of <HI>England,</HI> will not only be advanced by the Commodities and Manu|factures of our own Country, and thereby the Exportation of our Coin and Bullion in great mea&s;ure prevented. But the Poor that are <HI>unable</HI> will be Relieved; and tho&s;e that are <HI>able</HI> will have Work provided for them. <HI>See the Settlements at large.</HI></P>
<P><NOTE PLACE="marg">The Tru&s;tees and Managers.</NOTE>THE Tru&s;tees in the &s;aid Settlement, and Managers for the &s;aid Ad|venture (a&s;&s;i&s;ted by two Publick Notaries on Oath) who are plea&s;ed to take upon them the Trouble of &s;eeing all things duly performed accord|ing to the &s;aid Settlements, are the pre&s;ent Tru&s;tees, Sir <HI>Jo&s;eph Herne,</HI> Sir <HI>William Hedges,</HI> Sir <HI>Thomas Vernon, Thomas Pit</HI> E&s;q; one of the Ma&s;ters in <HI>Chancery;</HI> and Sir <HI>William A&s;hhur&s;t,</HI> Sir <HI>John Hubland,</HI> Sir <HI>James Hub|land,</HI> Sir <HI>Francis Child,</HI> Sir <HI>Thomas Cuddon,</HI> and Sir <HI>Robert Bedingfield.</HI></P>
<P>The Receivers<NOTE PLACE="marg">The Receivers.</NOTE> are Sir <HI>Francis Child,</HI> Sir <HI>John John&s;on,</HI> Mr. <HI>Robert Fowle,</HI> Mr. <HI>Richard Hoare,</HI> Mr. <HI>William Atwill,</HI> Mr. <HI>James Hallet,</HI> Mr. <HI>Thomas Myn&s;hall,</HI> Mr. <HI>Richard Smith,</HI> Mr. <HI>Peter Lupart,</HI> Mr. <HI>John Llund,</HI> and Mr. <HI>Coggs</HI> of <HI>London, Gold&s;miths;</HI> and &s;uch other Per&s;on and Per&s;ons as &s;hall be ap|pointed by the &s;aid Sir <HI>Humphrey Mackworth.</HI></P>
<P>The manner of Rai&s;ing this Money, as in the &s;aid Settle|ment directed, is, That 125000 Tickets be delivered out at 20 <HI>s.</HI> a Ticket, whereof 2500 are to be Fortu|nate Tickets: And</P>
<P>That the &s;aid 4008 Shares of the &s;aid Mines be divided thus:
<TABLE>
<HEAD>To the fir&s;t Number drawn, be&s;ides the Benefit may come up with it&mdash;</HEAD>
<ROW>
<CELL>Fortunate Tickets</CELL>
<CELL>10 &s;hares&mdash;valued at 400 <HI>l.</HI> yearly.</CELL>
</ROW>
<ROW>
<CELL>1 of</CELL>
<CELL>50 &s;hares&mdash;valued at 2000 yearly.</CELL>
</ROW>
<ROW>
<CELL>1 of</CELL>
<CELL>40 &s;hares&mdash;valued at 1600 yearly.</CELL>
</ROW>
<ROW>
<CELL>10 of</CELL>
<CELL>20 &s;hares each valued at 800 yearly.</CELL>
</ROW>
<ROW>
<CELL>20 of</CELL>
<CELL>10 &s;hares each valued at 400 yearly.</CELL>
</ROW>
<ROW>
<CELL>20 of</CELL>
<CELL>5 &s;hares each valued at 200 yearly.</CELL>
</ROW>
<ROW>
<CELL>40 of</CELL>
<CELL>4 &s;hares each valued at 160 yearly.</CELL>
</ROW>
<ROW>
<CELL>200 of</CELL>
<CELL>3 &s;hares each valued at 120 yearly.</CELL>
</ROW>
<ROW>
<CELL>430 of</CELL>
<CELL>2 &s;hares each valued at 80 yearly.</CELL>
</ROW>
<ROW>
<CELL>1778 of</CELL>
<CELL>1 &s;hare each valued at 40 yearly.</CELL>
</ROW>
<ROW>
<CELL ROLE="total">Total 2500</CELL>
<CELL>To the la&s;t number'd Ticket drawn 10 &s;hares &mdash; valued at 400 yearly.</CELL>
</ROW>
<ROW>
<CELL ROLE="total" COLS="2">Total of the Shares 4008.</CELL>
</ROW>
</TABLE> By the Author of the ESSAY, on the value of the &s;aid Mines.</P>
<PB N="9" REF="5">
<P><NOTE PLACE="marg">The form of the numbred Tick|ets.</NOTE>The FORM and MANNER of the <HI>Tickets,</HI> and of the Drawing of the &s;ame, is as followeth: Fir&s;t, 125000 numbred Tickets are pre|pared and bound up in Books, and &s;igned by the <HI>Managers,</HI> and deli|vered to the <HI>Receivers,</HI> Three of each &s;ort in Rows of the &s;ame Num|ber, in manner following:
<FIGURE>
<FIGDESC>three-part shareholding ticket</FIGDESC>
<FIGURE>
<P><GAP DESC="illegible" REASON="left margin cropped or obscured" RESP="MURP" EXTENT="1 span"> 100.</P>
<P>Sept. 22. 1698.</P>
<P><GAP DESC="illegible" REASON="left margin cropped or obscured" RESP="MURP" EXTENT="1+ letters">hard Roe <HI>of</HI> London, <HI>Merchant.</HI></P>
</FIGURE>
<FIGURE>
<P>N^o 100.</P>
<P>Sept. 22. 1698.</P>
<P>Richard Roe <HI>of</HI> London, <HI>Merchant.</HI></P>
</FIGURE>
<FIGURE>
<P>N^o 100.</P>
<P>This Ticket entitles the Bearer to One Pound with Intere&s;t at 6 <HI>per Cent.</HI> and to a farther Profit at the Rate of 800 <HI>l. per Cent.</HI> and (by Chance) to a great Yearly Sum for 22 Years out of the Profits of the Mines late of Sir <HI>Carbery Pry&s;e.</HI></P>
</FIGURE>
</FIGURE></P>
<P>NOW put the Ca&s;e that <HI>Richard Roe</HI> has a mind to lay out 20 <HI>s.</HI><NOTE PLACE="marg">The manner of taking out.</NOTE> in this <HI>Adventure,</HI> and comes to <HI>John Doe</HI> Gold&s;mith, (and one of the <HI>Re|ceivers</HI>) for a Ticket. Thereupon the &s;aid <HI>John Doe</HI> cuts out the <HI>owtmo&s;t Ticket</HI> on the right Hand numbred (100) Indentwi&s;e through the &s;aid <HI>oblique Lines;</HI> and <HI>Richard Roe</HI> writes,<NOTE PLACE="marg">The Date and Name to be writ on the corre&s;ponding Tickets.</NOTE> or cau&s;es to be writ upon the two corre&s;ponding Tickets the Day of the Month and Year, his own or &s;ome Friends Name, Surname, Quality, and Place of Abode, in Manner and Form as is above-written in the &s;aid Corre&s;ponding Tickets, and al&s;o Endor&s;es the &s;ame Date and Name on the back of the Ticket &s;o cut out.</P>
<P>AND the like is done for every other Ticket that is taken out: But if Ten Tickets be taken out together, he need but write his Name on the Tickets in the middle Row, and on the uppermo&s;t of the two Tickets in the extream Rows. This Ticket, &s;o cut out, is kept &s;afe by the Party.</P>
<P>AND a little before the Tickets are drawn, 125000 other Tickets are to be made, whereof 2500 are Benefit or <HI>Fortunate</HI> Tickets, and the re&s;t <HI>blanks</HI> Tickets: The Fortunate are in manner following:
<FIGURE>
<FIGDESC>two-part "fortunate" ticket</FIGDESC>
<FIGURE>
<P>Fifty Shares Of the Mines late of Sir <HI>Car|bery Pry&s;e.</HI></P>
</FIGURE>
<FIGURE>
<P>Fifty Shares Of the Mines late of Sir <HI>Car|bery Pry&s;e.</HI><NOTE PLACE="marg">The Fortunate Lots.</NOTE></P>
</FIGURE>
</FIGURE></P>
<P>AND then the &s;aid <HI>Numbred Tickets</HI> fir&s;t above-mentioned in the &s;econd or middle Column,<NOTE PLACE="marg">The manner of rolling up, tying and keeping the Tickets.</NOTE> are to be cut Indentwi&s;e through the &s;aid Oblique Lines, roll'd up and tied with &s;ilk or thread by the &s;aid <HI>Managers,</HI> in the Pre&s;ence of all, or as many of the &s;aid <HI>Adventurers</HI> as will be then pre&s;ent, (of which due Notice &s;hall be given in print) and put into a <HI>Box</HI> marked with the Letter <HI>[A]</HI> which is to be immediately put into a|nother &s;trong Box, with &s;even different Locks and Keys, and kept by as many of the &s;aid <HI>Tru&s;tees</HI> and <HI>Managers,</HI> and &s;ealed with their Seals.</P>
<PB N="10" REF="6">
<P><NOTE PLACE="marg">The Tickets in the innermo&s;t Colume remain in the Books for di&s;covering any mi&s;take.</NOTE>And the Tickets in the fir&s;t or innermo&s;t Colums of the &s;aid Books, &s;hall remain &s;till in the Books for the di&s;covering any <HI>Mi&s;take</HI> or <HI>Fraud.</HI> And the &s;aid <HI>Fortunate Tickets</HI> in the outward Colume &s;hall, in like man|ner, and pre&s;ence of all Parties, be rolled, tied, and cut Indentwi&s;e, through a fine Skroll or Devi&s;e, into another Box marked with the Let|ter <HI>[B]</HI> and &s;ecured in another &s;trong Box, with &s;even other Locks and Keys, and &s;ealed up, and kept by the &s;aid <HI>Managers</HI> as afore&s;aid.</P>
<P><NOTE PLACE="marg">The manner of drawing the Tickets.</NOTE>AND on the Day of Drawing, (the &s;aid two Boxes being produced, and the Tickets and Blanks &s;haked together) &s;ome indifferent Per&s;on, ap|pointed by the <HI>Managers,</HI> &s;hall draw <HI>one Ticket</HI> from that Box where the &s;aid <HI>Numbred Tickets</HI> &s;hall be; and one other indifferent Per&s;on appoint|ed and approved as afore&s;aid, &s;hall pre&s;ently take out a <HI>Ticket</HI> or <HI>Lot</HI> where the &s;aid <HI>fortunate</HI> and <HI>blank Tickets</HI> &s;hall be promi&s;cuou&s;ly put to|gether, and <HI>immediately</HI> both the Tickets &s;o drawn &s;hall be opened, and the <HI>Numbred Ticket,</HI><NOTE PLACE="marg">The date and per&s;ons names writ thereon to be named aloud. The filing and entring.</NOTE> with the Date and the Name, and Place of Abode of the Party thereon written, as well as the fortunate or blank Tickets, &s;hall be named aloud; and &s;uch numbred Tickets as are drawn with Blanks, &s;hall be put together on one File; and &s;uch as are drawn with Fortunate Tickets on another File; and the la&s;t &s;hall not only be named aloud, as afore&s;aid, but al&s;o immediately entred by two Publick Nota|ries on Oath,<NOTE PLACE="marg">Example.</NOTE> in two Books of Parchment, and printed. As for in&s;tance in the Ca&s;e above: He that draws the Numbred Tickets, &s;hall &s;ay aloud thus, <HI>Viz. (Number</HI> 100. May 20. 1698. Richard Roe <HI>of</HI> London, <HI>Mer|chant.</HI>) And he that draws the Fortunate Tickets &s;hall &s;ay aloud thus, <HI>viz. (Fifty Shares.</HI><NOTE PLACE="marg">Manner of En|try.</NOTE>) Then it &s;hall be immediately entred in the &s;aid Books, <HI>That Fifty &s;hares of the Mines Stock,</HI> &amp;c. <HI>late of Sir</HI> Carbery Pry&s;e, <HI>valued at</HI> 2000 <HI>l.</HI> per Annum,<NOTE PLACE="marg">&rindx;</NOTE> <HI>belongs to</HI> Richard Roe <HI>of</HI> London <HI>Merchant, on a Ticket numbred</HI> 100, <HI>and dated</HI> May <HI>the</HI> 20th, 1698.</P>
<P><NOTE PLACE="marg">Fortunate lots to be printed.</NOTE>And every &s;uch Entry is to be &s;igned by one or more of the &s;aid Ma|nagers, and read aloud; and &s;o in like manner for all the other Fortu|nate Tickets; and within the &s;pace of Ten days, all &s;uch Entries &s;hall be printed, for the Satisfaction of tho&s;e that &s;hall be ab&s;ent at the time of drawing the &s;aid Indenture.</P>
<P><NOTE PLACE="marg">No Per&s;on can be defrauded in this Adven|ture.</NOTE>And hence it is evident to all Per&s;ons of the meane&s;t Capacity, That no Per&s;on what&s;oever can po&s;&s;ibly be deceived or defrauded in this Adventure; and all the trouble of comparing the Tickets, and fitting them to each other, may be avoided; unle&s;s two Per&s;ons of the &s;ame Name, Quality, and Place of Abode &s;hall appear with a Ticket of the &s;ame Number and Date, and the &s;ame Hand-writing; and in that Ca&s;e (if it may be &s;uppo&s;ed) the Tickets mu&s;t be compared, and the Matter of Fact examined, by which the Impo&s;tor will ea&s;ily be di&s;co|vered.</P>
<P>And by the &s;aid numbred Tickets remaining in the &s;aid Books, and dated as afore&s;aid, it will appear how much each Per&s;on, whether For|tunate or Unfortunate, did depo&s;ite, and when. All which is to be en|tred in another Book,<NOTE PLACE="marg">Principal and Intere&s;t to be received from the date on the Tickets re|maining in the Books.</NOTE> for that purpo&s;e, in Alphabetical Order, and &s;ign|ed by the Managers; to the end that every Adventurer may be repaid his Principal and Intere&s;t, from the Day of the Month entred on the &s;aid Corre&s;ponding Tickets, as afore&s;aid: And upon delivery of all his other Tickets, may receive one Ticket for the whole.</P>
<P>And after all the &s;aid Fortunate Lots &s;hall happen to be drawn, the re&s;t of the numbred Tickets are al&s;o to be publickly drawn,<NOTE PLACE="marg">All the Tick|ets are to be drawn.</NOTE> filed, and regi&s;tred in the &s;aid two Books, by the &s;aid Publick Notaries on Oath, in the Pre&s;ence of the Managers and Adventurers; that all Per&s;ons that are
<PB N="11" REF="6"> ab&s;ent at the drawing, may re&s;ort to the &s;aid Books and Files,<NOTE PLACE="marg">That every Ad|venturer may be &s;atisfied he had a fair Chance.</NOTE> and be ful|ly &s;atisfied that their Tickets were fairly put into the Box with the re&s;t, and drawn, and that they had a fair Chance for their Money; for in the Books they'l &s;ee their Names Regi&s;tred by Officers on Oath; and on the Files they'l &s;ee their own Hand-writing on the Tickets.</P>
<P>And by this means,<NOTE PLACE="marg">&lindx; And thus this new Company will be e&s;ta|bli&s;hed by the hand of Provi|dence.</NOTE> as Providence had a more particular Hand in the Di&s;covery of this va&s;t Trea&s;ure, &s;o it will hereby have in the di&s;tribution of it; and a great Stock being thus rai&s;ed, and placed in good Hands, there can be no doubt of good Succe&s;s to the Adventurers, in &s;o great and good an Undertaking for the Benefit of the Poor and of the Publick, as well as of the Particular and Private Adventurers.</P>
<DIV2 TYPE="part">
<HEAD>The MANNER of REPAYMENTS is thus:<NOTE PLACE="marg">The manner of Repayment of Principal and Intere&s;t to For|tunate and &V;nfortunate.</NOTE></HEAD>
<P>The Fortunate Adventurers are to have the Management of the Mines, according to the New Con&s;titution, who will be mo&s;t careful thereof for their own future, as well as pre&s;ent Advantage: And they are obliged by the Deed of Settlement, to apply the Profits thereof,</P>
<P><HI>Fir&s;t,</HI> For the Repaying to each Adventurer, both Fortunate and Un|fortunate, their re&s;pective Intere&s;t Money, every &s;econd <HI>Wedne&s;day</HI> in <HI>June</HI> yearly, and afterwards for paying their &s;everal and re&s;pective Prin|cipal Sums in equal proportion, as the &s;ame &s;hall ari&s;e out of the Profits of the Premi&s;&s;es.</P>
<P>And after &s;uch Payments of both Principal and Intere&s;t, then the Pro|fits of the &s;aid Mines are to be applied to the &s;ole u&s;e of the &s;aid Fortu|nate Adventurers, they paying one fortieth part thereof for the u&s;e and maintenance of poor aged Miners or Labourers.</P>
<P>But when the Profits of the &s;aid Mines clear, above all Charges,<NOTE PLACE="marg">And of having <HI>900</HI> l. for eve|ry <HI>100</HI> l. be|&s;ides the for|tunate Lots.</NOTE> &s;hall exceed the Sum of 20000 <HI>l. per Annum,</HI> then the Fortunate are to receive 20000 <HI>l.</HI> yearly to their own u&s;e clear of all Charges, but the O|verplus thereof above that value, &s;hall be applyed to a &s;econd Payment of the Principal Money &s;o adventured as afore&s;aid, to both Fortunate and Unfortunate; and after Payment thereof, then the Fortunate Adventu|rers are to receive 40000 <HI>per Annum</HI> to their own u&s;e, but when the Pro|fits increa&s;e to the annual value of 40000 <HI>l.</HI> and upwards; then the Over|plus thereof above 40000 <HI>l.</HI> are to be applyed to a third Payment of the &s;aid Principal Money; and after &s;uch Payment, then to the Fortunate a|lone, till the Annual Profits increa&s;e 20000 <HI>l.</HI> more, <HI>viz.</HI> to 60000 <HI>l.</HI> and upwards; and then the Overplus thereof, over and above that value, is to be applyed to a fourth Payment of the &s;aid Principal Money: And &s;o in like manner the Overplus of the clear Profits above 80000 <HI>l. per An|num,</HI> is to be applyed to a fifth Payment, and &s;o on, after every 20000 <HI>l. per Annum</HI> Increa&s;e thereof, the Overplus of the Profits are to be ap|plyed to another Payment of the &s;aid Principal Money, to both Fortu|nate and Unfortunate, as afore&s;aid, till the Profits ari&s;e to 160000 <HI>l. per An.</HI></P>
<P>And thus they who have Benefitted Tickets,<NOTE PLACE="marg">The great Ad|vantage to the Fortunate.</NOTE> may be truly called For|tunate, when they have all their Money depo&s;ited paid back to them, as afore&s;aid, and &s;o va&s;t a Trea&s;ure be&s;ides, without any hazard, to|gether with a Noble Stock of 20000 <HI>l. The Tru&s;tees are Intru&s;ted to &s;ee all this Duly performed.</HI></P>
<P>And the Unfortunate in this Adventure may, in &s;ome re&s;pects,<NOTE PLACE="marg">And to the &V;nfortunate.</NOTE> be &s;aid to be fortunate al&s;o; that they had an opportunity of placing their Mo|ney on &s;o good a Fund, where they are &s;ecure of Principal and Intere&s;t, and a fair probability of 800 <HI>l. per Cent.</HI> Profit.<NOTE PLACE="marg">&lindx; The Partners will hereby have a greater advantage then was pro|po&s;ed.</NOTE></P>
<P><HI>Note,</HI> The Partners by this Adventure will enjoy much greater Ad|vantages than was promi&s;ed; for whereas it was propo&s;ed that they &s;hould either relinqui&s;h at 10 <HI>l. per</HI> &s;hare in Money, and 10 <HI>l.</HI> on the
<PB N="12" REF="7"> Credit of the Mines, without Intere&s;t, and that they &s;hould either go out for all, or come in for all their Shares: By this method they have an Election to go out, and come in for as much, or as little as they plea&s;e. Tho&s;e that go out for all (if the Adventnture be full) will in&s;tead of 10 <HI>l.</HI> have 20 <HI>l. per</HI> &s;hare in ready Money. And tho&s;e that come in for all, will not only have their 20 <HI>l. per</HI> &s;hare certain upon the Credit of the Mines,<NOTE PLACE="marg">&rindx;</NOTE> but al&s;o Intere&s;t for the &s;ame, and 800 <HI>l. per Cent.</HI> Profit; <HI>and moreover</HI> 400 <HI>Tickets;</HI> and thereby a fair Chance for as many &s;hares as they had before, (tho' a Fifth part thereof may be of equal value) and tho&s;e that plea&s;e may go out for part in Ready Money, and take the re&s;t in Tickets, and on the Credit of the Mines. As for in&s;tance; If any Per&s;on hath Twenty &s;hares,<NOTE PLACE="marg">An Example.</NOTE> which at 20 <HI>l. per</HI> &s;hare is worth 400 <HI>l.</HI> he may go out for Ten &s;hares, and take 200 <HI>l.</HI> in ready Money as &s;oon as the Adventure is drawn, (which is at the rate of 20 <HI>l. per</HI> &s;hare for Ten &s;hares, or 10 <HI>l. per</HI> &s;hare for Twenty &s;hares.) And for the other Ten &s;hares, he will have 20 <HI>l. per</HI> &s;hare on the Credit of the Mines, which is 200 <HI>l.</HI> more, be&s;ides Intere&s;t at 6 <HI>l. per Cent.</HI> and 1600 <HI>l.</HI> Profit, in eight Payments; which is Eighteen hundred pound for his Two hundred; and al&s;o 200 Tickets, and all the Benefits that may ari&s;e by the &s;ame; and the like in any other proportion what&s;oever; all the Partners being left to their own free Choice and Election in this Matter. All which Ad|vantages are more than was promi&s;ed, and &s;uch as the Propo&s;er hopes will not be unacceptable to the Partners.</P>
<P><NOTE PLACE="marg">&rindx; And all the Adventurers will have the &s;ame advan|tage as the Partners.</NOTE><HI>Note al&s;o,</HI> That the Partners have no Advantage by this Adventure, but what is equally Communicated to every other Adventurer: For if a a Partner has Twenty &s;hares, and takes out the value thereof at 20 <HI>l. per</HI> &s;hare in Tickets, which is 400 Tickets, he will have 400 <HI>l.</HI> with In|tere&s;t on the Credit of the Mines, and &s;o will any other Adventurer who takes out 400 Tickets with Money; there being no other difference than this, That a Stranger takes out Tickets with ready Money, and the Part|ners upon the value of their &s;hares at 20 <HI>l. per</HI> &s;hare; but both have their 400 <HI>l.</HI> with Intere&s;t equally &s;ecured on the Credit of the Mines, and as many Payments as will make his 400 <HI>l.</HI> 3600 <HI>l.</HI> and all the Benefits which may ari&s;e by the 400 Tickets be&s;ides.</P>
<P><NOTE PLACE="marg">Whereby it ap|pears, the Pro|po&s;al is ju&s;t to the Old, and advantagious to the New Adventurers.</NOTE>And thus Sir <HI>H. M.</HI> humbly hopes, That as he hath propos'd an <HI>Expe|dient</HI> fair and ju&s;t to tho&s;e Partners, who&s;e Circum&s;tances may oblige them to relinqui&s;h their Shares; &s;o it cannot be unprofitable to any other who think fit to become Adventurers with him in this Undertaking; e&s;peci|ally when he con&s;iders, that as one Share in the New-River-Water was rai&s;ed from Five hundred pounds to Four thou&s;and pounds <HI>per</HI> Share, &s;o by the Authour of the <HI>E&s;&s;ay</HI>'s Calculation, one Share in the&s;e Mines may, in a few Years, be worth Four hundred pounds; <HI>and &s;ure he is, that no|thing but the unhappy Differences among&s;t the Partners could have occa&s;ioned &s;uch an Overture to the World,</HI><NOTE PLACE="marg">&rindx;</NOTE> <HI>of &s;o rich a Trea&s;ure, at &s;o low a Value.</HI></P>
<P><NOTE PLACE="marg">The Profit of the Silver.</NOTE>For be&s;ides the Profit of the Lead and Copper, when he con&s;iders what va&s;t quantities of Oar may be rai&s;ed, at Five or Six &s;hillings a Tun when the Levels are open, and that Silver al&s;o may be extracted out of the Lead-Oar with little wa&s;te of the Lead, which is better after it is robb'd of the Silver than before: When he reflects that Sir <HI>Hugh Middleton</HI> gain'd 24000<HI>l. per Annum</HI> with a &s;mall Stock,<NOTE PLACE="marg"><HI>See Sir</HI> John Pettus<HI>'s</HI> Fo|dine Regale, <HI>pag.</HI> 33.</NOTE> and Mr. <HI>Bu&s;hel</HI> cloathed the late Kings whole Army from &s;mall Veins in the &s;ame County, which he con|ceives no Per&s;on will pretend (taking one thing with another) to com|pare with the&s;e: When the Advantages of &s;uch large Veins, lying near the Sea, near a good Harbour for Ships, in a cheap Country, free from all Duties to the Lord, clear of all Incumbrances, <HI>&amp;c.</HI> are con&s;idered,
<PB N="13" REF="7"> what may not be expected from this Undertaking, with a large Stock and a good Con&s;titution?</P>
<P>But as to the <HI>Silver,</HI> it's well known,<NOTE PLACE="marg">The value of the Silver.</NOTE> That at the Trials at <HI>We&s;tmin&s;ter-Hall,</HI> different Proofs were made of the Value thereof in Silver, from 60 <HI>l. per</HI> Tun of Metal, to 3 or 4 <HI>l.</HI> a Tun, which occa&s;ion'd very great Cen&s;ure of Perjury on one &s;ide or other. But tho' I will not take up|on me to judge of that Matter, being not pre&s;ent at the Trial, yet from the Experience I have had of Mines, I am charitably inclined to believe it po&s;&s;ible, that all tho&s;e different Oaths may be con&s;i&s;tent: For I am inform'd the Proof lay thus; The Extractor &s;wore that he received a parcel of Oar from <HI>[A, B.]</HI> which yielded at the rate of 60 <HI>l. per</HI> Tun;<NOTE PLACE="marg"><HI>Note,</HI> That the great Vein lies in Ridges, like Planks of a Floor, one of Potters Oar, rich in Lead and poorer in Silver; ano|ther of harder Oar, poorer in Lead, and rich Silver.</NOTE> <HI>[A, B.]</HI> &s;wore he had that parcel of Oar out of the Mines of Sir <HI>Carbery Pry&s;e.</HI> Another Extractor &s;wore he had a parcel of Oar from <HI>[C, D.]</HI> which yielded but 4 <HI>l. per</HI> Tun; and <HI>[C, D.]</HI> &s;wore he had that very parcel of Oar from the &s;aid Mines. And all this might be true: For it's certain, that in mo&s;t Veins there is &s;mall Ribs and Knots of Oar va&s;tly richer than the other parts thereof, and <HI>[A, B.]</HI> might pick choice pieces for the Patentees, and <HI>[C, D.]</HI> the wor&s;t he could meet with near the Surface of the Ground for Sir <HI>Carbery Pry&s;e;</HI> whereby all that Matter &s;eems to be reconciled: And I pre&s;ume, I may mode&s;tly compute between the two Extreams, that the&s;e Mines (I mean the hard Oar) be&s;ides the Pro|fit of the Lead, may yield one with another about 14 <HI>l.</HI><NOTE PLACE="marg"><HI>Note,</HI> By the late Act of Royal Mines, the Subject is entituled to <HI>9. l.</HI> for every Tun of Lead-Oar, which yields Silver.</NOTE> in Silver <HI>per</HI> Tun of Metal; which con&s;i&s;ting of Two Tun and a quarter of Oar, at 9 <HI>l. per</HI> Tun, and amounting to 20 <HI>l.</HI> and 5 <HI>s.</HI> there is no danger of lo&s;ing the &s;ame by the Act of <HI>Royal Mines:</HI> Tho' I heartily wi&s;h, for the Good of his Maje&s;ty and the&s;e Kingdoms, that when our Levels are brought home at Sixty four Yards deep, it may hereafter prove &s;o rich, as to be worth his Maje&s;ties Acceptance at that Rate; which would be a va&s;t Advantage to the King and Kingdom, and yield as much Profit to the Partners as they can rea&s;onably expect or de&s;ire.</P>
<P>The <HI>Management</HI> of the Mines is <HI>&s;ettled</HI> according to the <HI>best E&s;tabli&s;h|ments</HI> of that kind in this Kingdom,<NOTE PLACE="marg">The manage|ment of the Mines, how e&s;tabli&s;hed?</NOTE> whereby the <HI>Stock</HI> (whether ready Mo|ney or Bank Bills) is to be &s;ecured in an <HI>Iron Chest,</HI> with &s;even &s;everal <HI>Locks</HI> and <HI>Keys,</HI> to be kept by <HI>&s;o many</HI> of the <HI>Committee.</HI> The Works to be car|ried on to the be&s;t Advantage, a <HI>Transfer-Book</HI> e&s;tabli&s;hed, all <HI>Wrong</HI> and <HI>Oppre&s;&s;ion</HI> re&s;trained, no one Partner to have above <HI>one Vote,</HI> Suits of <HI>Law</HI> prevented, and the meane&s;t <HI>Adventurer</HI> &s;ecured, to have the Money due to him forthwith paid without delay, under the &s;evere&s;t Penalty on that Per&s;on that &s;hall endeavour to defraud him. <HI>See the la&s;t Settlement page</HI> 7.</P>
<P>And as to the <HI>Title</HI> of the &s;aid <HI>Mines,</HI><NOTE PLACE="marg">The Title un|que&s;tionable.</NOTE> the &s;ame is not only <HI>per|u&s;ed</HI> and <HI>approved</HI> by the &s;aid <HI>Coun&s;el,</HI> but will be allowed by all, when 'tis but mentioned to be derived from Sir <HI>Carbery Pry&s;e,</HI> who&s;e <HI>Title</HI> was &s;o well known through all the <HI>City</HI> of <HI>London,</HI> upon the fir&s;t granting of this Lea&s;e, which has been &s;o often approved, and indeed not &s;o much as ever que&s;tioned, even by his <HI>Adver&s;aries,</HI> in all tho&s;e Great and Solemn <HI>Trials</HI> at <HI>Bar</HI> in <HI>We&s;tmin&s;ter-Hall,</HI> between him and the <HI>Patentees</HI> of <HI>Royal Mines.</HI> And the World is not ignorant that this Gentleman's Concern and Title to the&s;e Mines, was the fir&s;t occa&s;ion of that <HI>Act</HI> of <HI>Parliament</HI> concerning <HI>Royal Mines,</HI> which in due time will, in all probability, redound to the great Advantage of his Maje&s;ty and <HI>the&s;e Kingdoms,</HI> by promoting the <HI>Di&s;covery</HI> of more <HI>Mines,</HI> and <HI>there|by</HI> advancing the <HI>Trade, Cu&s;toms, Manufactures, Wealth</HI> and <HI>Strength</HI> thereof.</P>
<PB N="14" REF="8">
<P><NOTE PLACE="marg">Partners obli|ged to pay their Debts.</NOTE>All Moneys due to Partners any ways indebted, &s;hall upon timely Notice from their Creditors to the Secretary or Accountant, and giving Security to &s;ave them harmle&s;s for &s;o doing, be retained in the Iron Che&s;t till the Right is determined, and the Partners Indempnified for payment thereof.</P>
<P><NOTE PLACE="marg">Rea&s;ons for a Publick Cha|rity.</NOTE>And to the end that &s;o great a Trea&s;ure may not be Engro&s;&s;ed by pri|vate Per&s;ons, but that the whole Kingdom may receive a Benefit, and not only a General and Publick, but in &s;ome mea&s;ure, a particular and private Advantage, from the &s;ame; and that the Impotent and Poor, however di&s;per&s;ed in the &s;everal Counties of <HI>England</HI> and <HI>Wales,</HI> may ta&s;te of this Trea&s;ure, and (tho' unable to take out Tickets for them&s;elves) may yet partake of the Advantages of this Undertaking, and have a fair Chance. for their Sub&s;i&s;tance; and that other Per|&s;ons may, from this &s;mall beginning, be encouraged to follow this Example in Matters of like Nature, whereby many Corporations at pre|&s;ent, and the whole Nation in time, may be ea&s;ed from the Burthen of the Poors Tax.</P>
<P><NOTE PLACE="marg">Ten thou&s;and Tickets, with the Benefits thereof granted to charitable u&s;es.</NOTE>Ten thou&s;and Tickets, with the Benefits thereof, are granted to chari|table U&s;es; that is to &s;ay, Two thou&s;and one hundred Tickets, with the Benefits thereof, are mo&s;t humbly recommended to be di&s;tributed to &s;uch Charitable U&s;es as &s;hall be appointed by the Archbi&s;hop of <HI>Canterbury,</HI> the Lord High Chancellor of <HI>England,</HI> the Archbi&s;hop of <HI>York,</HI> the Lord Pre&s;ident of his Maje&s;ties Privy Council, the Lord Privy Seal, and the Lords Commi&s;&s;ioners of his Maje&s;ties Trea&s;ury, the Bi&s;hop of <HI>London,</HI> and all the Bi&s;hops of the &s;everal Dioce&s;es in <HI>England</HI> and <HI>Wales,</HI> the Lord Chief Ju&s;tice of <HI>England,</HI> and the re&s;t of the Judges of his Maje&s;ties Court of <HI>Kings Bench,</HI> the Lord Chief Ju&s;tice of the <HI>Common Pleas,</HI> and the re&s;t of the Judges of his Maje&s;ties Court of <HI>Common Pleas,</HI> the Lord Chief Ba- of <HI>England,</HI> and the re&s;t of the Barons of the Court of <HI>Exchequer</HI> for the time being, and by the Ma&s;ter of the Rolls, and their Succe&s;&s;ors re&s;pectively.</P>
<P>And 750 Tickets by the Chief Ju&s;tice of <HI>Che&s;ter,</HI> and the re&s;t of the Judges of <HI>North-Wales</HI> and <HI>South-Wales;</HI> by the Benchers and Barre ters of the four Inns of Courts; by the two Univer&s;ities of <HI>Oxford</HI> and <HI>Cambridge;</HI> by the Pre&s;ident and Fellows of St. <HI>Mary Magdalen Colledge</HI> in <HI>Oxford.</HI></P>
<P><NOTE PLACE="marg">See the names of the Corpora|tions in the la&s;t page of the &s;e|cond Settle|ment.</NOTE>And 4700 Tickets, with the Benefits thereof, are given and granted to the Poor of the City of <HI>London, We&s;tmin&s;ter, Bri&s;tol,</HI> and <HI>York,</HI> and the Borough of <HI>Southwark,</HI> and Towns of <HI>Shrewsbury, Monmouth</HI> and <HI>Cardiffe,</HI> and to mo&s;t of the Cities, Chief Burroughs and Towns Corpo|rate in <HI>England</HI> and <HI>Wales,</HI> as in the Settlements mentioned.</P>
<P>And 1200 Tickets with the Benefits thereof, to the Poor of the particu|lar Towns, Villages and Pari&s;hes hereafter mentioned, that is to &s;ay, <HI>Lanvihangell-Generglyn,</HI> and <HI>Lanbadernvaure,</HI> in <HI>Cardigan&s;hire; Aberga|venny, &V;ske, Carlion, Chep&s;tow, Newport</HI> and St. <HI>Melans,</HI> in <HI>Monmouth|&s;hire; Cowbridge, Margam, Avon, Britton, Neath, Caddoxton</HI> and <HI>Swan|zy</HI> in <HI>Glamorgan&s;hire; Little Deane, Flaxley, Huntley, Newland, Great</HI> and <HI>Little Badminton</HI> in <HI>Gloce&s;ter&s;hire; Abbots-Betton, El&s;mere, Drayton, O&s;we&s;trye, Woore, Long&s;tow, Bro&s;eley, Bentall, Rockadine, Lyle&s;hall, Cun|dour, Cund, Bracemeale,</HI> in <HI>Shrop&s;hire; Brandford-Forum,</HI> in <HI>Dor&s;et&s;hire; Brough, Brough&s;choole, Kirbey-Stephen,</HI> and <HI>School, Orton,</HI> the Chappel upon <HI>Stain&s;more,</HI> the School upon <HI>Stain&s;more,</HI> the School of <HI>Raven&s;tendale,</HI> the School at <HI>Winton, Hilton,</HI> and <HI>Murton</HI> in <HI>We&s;tmoreland; Bowes, Wen&s;|laydale, Rumble-Church, Swayledale,</HI> and <HI>Brampton</HI> in the Pari&s;h of <HI>Wa<GAP DESC="illegible" RESP="MURP" EXTENT="1 letter">h,</HI> in <HI>York-&s;hire; Kirklan, Eaden-Hall,</HI> and <HI>Ousby</HI> in <HI>Cumberland; Dilton</HI> in <HI>Wilt&s;hire.</HI></P>
<PB N="15" REF="8">
<P>And 1350 Tickets with the Benefits thereof for Augmentation of poor Vicaridges in <HI>Wales,</HI> to <HI>Greenwich</HI> and the &s;everal Ho&s;pitals in and about <HI>London,</HI> to the Friendly Society of Widows, for the A&s;&s;i&s;tance and Encouragement of &s;uch Per&s;ons as &s;hall endeavour the Conver&s;ion of In|fidels in the <HI>Indies,</HI> and towards the Relief of Poor Pri&s;oners.</P>
<P>All which Tickets are to be taken out <HI>gratis,</HI> and the Benefits thereof in the &s;everal Payments above-mentioned; and al&s;o in Fortunate Lots; to be from time to time applied to Charitable U&s;es, by &s;uch honourable Per|&s;ons as afore&s;aid, and by the Mayors, Aldermen, and Common-Council-Men of the &s;aid Cities and Towns Corporate; and by &s;uch other Per&s;on and Per&s;ons, and in &s;uch Proportion, Manner and Form as in the Settlements for that purpo&s;e made, is at large directed and appointed.</P>
<P>And thus Sir <HI>H. M</HI> hopes he hath performed what he undertook,<NOTE PLACE="marg">That the Pro|po&s;al made by Sir <HI>H.M.</HI> is per|formed accor|ding to the true intent and meaning there|of.</NOTE> and that his Propo&s;al and Expedient will (by this Method) be accompli&s;hed to the Satisfaction of all Parties:</P>
<P>For <HI>first,</HI> 'Tis conceived that no Per&s;on could rationally expect from his Propo&s;al, that any more was intended, than to put the Partners in &s;uch a way of Paying their Debts, and of rai&s;ing a Stock, as &s;hould be more ea&s;ie and &s;afe in every re&s;pect, and more convenient to reconcile the different Intere&s;ts among&s;t them, and for promoting the Publick Good, than any other Propo&s;al that had been made; and that whatever was propo&s;ed by him, was to be done by <HI>an Expedient,</HI><NOTE PLACE="marg">1&s;t, By an Ex|pedient.</NOTE> not by giving &s;o much Money out of his own Pocket, as &s;ome (that were not Part|ners) vainly imagined.</P>
<P>But <HI>&s;econdly,</HI> Though he pre&s;umes he might, with good rea&s;on, ex|pect to &s;tand in equal Circum&s;tances with all the other Partners, and that it was really more than could be rea&s;onably expected from him, to be|&s;tow his Labour and Pains in this Undertaking (which has not been in|con&s;iderable) without any the lea&s;t return to his own particular Advan|tage; Yet as this Ca&s;e &s;tands, he has not only done this,<NOTE PLACE="marg">2ly. By the &s;everal Grants made to the Partners. &lindx;</NOTE> but in effect hath rai&s;ed the Stock, and paid the Debts out of his own Pocket: For if e|ver the Mines will an&s;wer Mr. <HI>Waller</HI>'s Valuation in <HI>his E&s;&s;ay,</HI> it will be in the la&s;t Five years of the Term which is granted by the Propo&s;er to the Partners.</P>
<P>For as the number of Men imployed may be doubled every Year by &s;inking more Shafts, and rai&s;ing more Stages or Stelches upon every Vein, for more Men to work upon, it mu&s;t needs follow, That the la&s;t Five years will yield more Profit then the fir&s;t Ten; at which Rate, allow|ing a Rebate for a Rever&s;ion after Seventeen years, the value of the la&s;t Five years may be ca&s;t up by any Accountant to a great deal more Mo|ney, not only than the Debts and Stock, but than all the Mines them&s;elves are valued at, in this Expedient: And thereby, 'tis plain,<NOTE PLACE="marg">And thereby rai&s;ing a Fund of Credit &s;uffi|cient to an&s;wer the pre&s;ent oc|ca&s;ions.</NOTE> he rai&s;es a Fund of Credit, and gives that additional Value to the Partners Shares, which an&s;wers all the&s;e Occa&s;ions, and is the &s;ame thing in effect as gi|ving the Money it &s;elf.</P>
<P>But, <HI>thirdly,</HI> when all the other Advantages granted to the Partners are al&s;o &s;eriou&s;ly con&s;ider'd, and that the Undertaker doth not directly or indirectly gain any manner of Advantage to him&s;elf by this Propo|&s;al,<NOTE PLACE="marg">Without the lea&s;t Advan|tage to him|&s;elf.</NOTE> but what is equally communicated to every Partner and Adventurer what&s;oever, and that a Benefit will accrew to the Publick, and to the Poor, by this Method, which would have been lo&s;t by any other. It is humbly hop'd that the be&s;t part of Mankind will entertain a favoura|ble Opinion of this Undertaking.</P>
<PB N="16" REF="9">
<P><NOTE PLACE="marg">Sub&s;criptions to be taken from <HI>Sept. 12.</HI> to <HI>Octob. 15.</HI></NOTE>And to the end the Mines may &s;peedily be &s;et on Work on the Cre|dit of this Adventure, and no time be lo&s;t whil&s;t Tickets are preparing, Sub&s;criptions for Tickets may be taken from the Twelfth day of <HI>Septem|ber,</HI> from any Per&s;on or Per&s;ons what&s;oever, till the Fifteenth day of <HI>October,</HI> in manner and form as in the Indenture Tripartite is &s;et forth.</P>
<P><NOTE PLACE="marg">Intere&s;t from the day of Sub&s;cription, paying down a tenth part.</NOTE>And every Per&s;on &s;o Sub&s;cribing is to have Intere&s;t from the Day of his Sub&s;cription, paying down one Tenth part of the Sum &s;ub&s;cribed, (taking a Receipt for the &s;ame) and the Re&s;idue on or before the Fir&s;t day of <HI>November</HI> next. The Form of the Receipt is thus:
<FLOATEXT LANG="eng" TYPE="receipt">
<P>I <HI>A. B.</HI> do hereby acknowledge to have received from <HI>C. D.</HI> this pre&s;ent <GAP DESC="blank"> day of <GAP DESC="blank"> <HI>1698.</HI> the Sum of (<HI>10</HI> l.) being the Tenth part of one Hundred pounds &s;ub&s;cribed by the &s;aid <HI>C. D.</HI> for one Hundred Tickets in the Mine-Adventure;<NOTE PLACE="marg">The Receipt for the Sum.</NOTE> which Tickets I do hereby pro|mi&s;e to deliver, or cau&s;e to be delivered to the &s;aid <HI>C. D.</HI> upon his payment of the further Sum of Ninety pounds to Sir <HI>Humphrey Mackworth,</HI> or his Order, at or before the fir&s;t day of <HI>November</HI> next.</P>
<CLOSER><SIGNED>Witne&s;s my Hand.</SIGNED></CLOSER>
</FLOATEXT></P>
<P><NOTE PLACE="marg">Sub&s;cribers to elect to draw by <HI>1 l.</HI> or <HI>10 l.</HI> Tickets.</NOTE>And in ca&s;e the whole Sum of 125000 <HI>l.</HI> &s;hall be &s;ub&s;cribed for, then the major Number of Sub&s;cribers, at a General Meeting to be held, and Summoned at &s;uch Time and Place, and in &s;uch Manner and Form as &s;hall be appointed by the &s;aid Managers, or the major part of them, may elect, whether this Adventure &s;hall con&s;i&s;t in the drawing of 125000 Tickets at 1 <HI>l. per</HI> Ticket, or 12500 Tickets at 10 <HI>l. per</HI> Ticket, all things to be proportioned accordingly.</P>
<P>See the Form of the In&s;trument of Sub&s;cription, and of the Affidavit taken by the Parties concerned, for the faithful di&s;charge of their Tru&s;t in the &s;econd Settlement, <HI>pag.</HI> 15, 17.</P>
<P>At the end of the Lea&s;e the Stock of 20000 <HI>l.</HI> (which is never to be le&s;&s;ened on any Dividend) is to be al&s;o divided to each Adventurer, ac|cording to his re&s;pective &s;hares.</P>
</DIV2>
<DIV2 TYPE="summary">
<HEAD>UPON THE WHOLE MATTER,</HEAD>
<P>Every Per&s;on may ob&s;erve, that here he may (if he plea&s;e) make a &s;e|cure Bargain without hazard, being rather an U&s;urer than an Adven|turer at the wor&s;t hand. But <HI>&s;econdly,</HI> That he hath a fair Chance be|&s;ides of a Fortunate Lot, and of getting a great E&s;tate to him&s;elf and Family. For <HI>thirdly,</HI> Here is a great Stock of 20000 <HI>l.</HI> rai&s;ed the main Wheel on which all great Uundertakings move. <HI>Fourthly,</HI> A compleat terme for profit of Two and twenty years from the Fir&s;t day of <HI>January</HI> next. <HI>Fifthly,</HI> A &s;ecure Method E&s;tabli&s;hed before-hand for the Ma|nagement of the Mines, as well as the Drawing of the Tickets, and do|ing Ju&s;tice to all Parties. <HI>Sixthly,</HI> Tru&s;tees of Worth and Integrity. <HI>Seventhly,</HI> An undoubted Title. <HI>Eighthly,</HI> A general and particular Charity to the Poor. <HI>Ninthly,</HI> Many great Advantages in the&s;e above other Mines, as in the largene&s;s of the Veins, &s;cituation near the Sea, a deep Level, the benefit of Five years work, and of Smelting Hou&s;es and Cupulo's, <HI>&amp;c.</HI> all Ob&s;tructions of the Works being rectified and pre|vented. And <HI>tenthly</HI> and la&s;tly, Here is an Opportunity offered of ad|vancing the <HI>Trade</HI> and <HI>Cu&s;toms,</HI> pre&s;erving the <HI>Coin</HI> and <HI>Bullion,</HI> en|crea&s;ing the <HI>Strength</HI> and <HI>Wealth,</HI> and in &s;hort, of promoting the gene|ral good of his MAJESTY and his KINGDOMS.</P>
<P>So that if either private Intere&s;t, love to our Country, or Charity to the Poor may be &s;uppo&s;ed to prevail, this ADVENTURE cannot meet with any <HI>Di&s;appointments.</HI></P>
</DIV2>
<TRAILER>FINIS.</TRAILER>
<PB REF="9">
</DIV1>
</BODY>
</TEXT>
</EEBO>
</ETS>
