Selected quad for the lemma: state_n
Text snippets containing the quad
|
ID |
Title |
Author |
Corrected Date of Publication (TCP Date of Publication) |
STC |
Words |
Pages |
|
A53317
|
Mr. George Oldner's invention to preserve ships from foundering, or sinking, at sea, etc. experimented & approv'd : and now propos'd for the universal good of all nations concern'd in navigation : as appears by the following proposal.
|
|
1698
(1698)
|
Wing O264; ESTC R5476
|
14,373
|
15
|
present Estimate of the whole at Ten pound per Share Secondly From Subjects of England c. by vertue of the Patent c. From all the Subjects of England concern'd in Shipping as the East-India African Levant and other Companies as also other Merchants and Owners by vertue of the Powers and Priviledges granted to the Patentees whereby they may by Agreement with the said several Companies Merchants A Quantum per Ship or Tun may be well afforded c. and Ship-Owners c. have reasonable Recompence annually for directing and fitting their several Ships and Vessels according to this proposed Invention either by a Quantum per Ship or per Tun c. which the Owners of the Ships and Vessels as they may better afford so they will without all doubt The Profit great the Charge small chearfully and readily pay the Advantage that accrues hereby being so very great and manifest and the Charge thereof but small and inconsiderable Or otherwise upon a due Application to the Parliament Application to the Parliament to have the Quantum and Time ascertain'd and confirm'd to the said Patentees and their Partners The Number of Tunnage of Shipping belonging to England Tunnage of England 500000 according to the Computation of Sir William Petty printed in his Political Arithmetick Anno 1691 amounting to Five hundred Thousand Tuns which at as reasonable a rate as the Owners themselves can fairly desire or offer would amount to such a sufficient Annual Income as the Patentees and their Partners can reasonably desire Thirdly Rewards from Scotland Ireland c. Rewards from the several Merchants and Owners of Shipping in Scotland Ireland New-England New-York Pensilvania and the other English Plantations being as equally to be expected as from any other Kingdoms or States Another Patent promis'd from the latter of which a Promise of a Patent by the Governour is made to the present Patentees Fourthly There is also great reason to hope and expect Rewards from France and Holland expected by Privi ledges usuallygranted that a Consideration may be obtain'd from France and the States of the Vnited Provinces not only for their Ships of War but also from their Merchants Ships by such Powers and Priviledges as are in the like Cases by them granted according to the Informations given us And the like may be fairly expected from the Subjects of other Governments whether Crowns or States As also from other Crowns and States c. The Number of Tunnage of the Dutch Shipping The Tunnage of Holland 900000. according to the said Computation of Sir William Petty amounting to Nine hundred Thousand Tuns Of the rest of Europe 600000. and the Tunnage of the rest of Europe according to the aforesaid Computation being Six hundred Thousand Tuns And moreover as a further Advantage to the Parties concern'd Twenty per Cent. A fifth part of the 4000 shares for a Stock of the Four thousand Shares which upon the compleating of the Subscriptions hereby intended will be a Stock of Eight thousand Pounds to be left to the management of the Committee mention'd in the following Proposals and will be to the Advantage and Benefit of all the Proprietors and Subscribers according to their several Interests The Shares also propos'd at 10 l. per Share The Shares now bona fide valu'd at 20 l. per share but propos'd at 10 l. purposely to encourage Subscribers which are by all or at least most that in any measure understand the Nature of the Invention now really and bona fide valued at 20 l. per Share and is not doubted but will be so at least upon the final closing of the Books Which Advantage is designedly and purposely left an Encouragement to all that shall become Subscribers So that the summary View of Profits and Advantages here given The Profits and Encouragements certain and the Patentees and Proprietors having already begun to make Treaties as is before hinted and there being such an evident Demonstration of the certainty of the Invention performing what is here propos'd as appears by the Model and Certificate and that the Profits will thereby certainly accrue is thought satisfactory enough to remove all Doubts and Questions whether the same will answer as is by them set forth and expected and be a sufficient Encouragement to all Persons that shall become Subscribers or Partners herein Upon the whole matter it may appear by the Instances and Testimonies aforesaid that the said Invention is Real and Practicable The Encouragement of the Parliament and all wise and honest Men justly expected the Use great and of universal Good and Necessity the Profits certain both to the Publick as well as to all that are or shall be concern'd therein the Patentees honest and sincere in their Proposal a Conditional Reward from all Governments and States c. the Encouragement of the Parliament as aforesaid and lastly the unanimous Concurrence of almost all Wise and Honest Men but justly and deservedly to be expected in order to put the same into practise with all the speed and good management imaginable And for that end a Sum of Money being needful to be rais'd it is by the said Patentees Propos'd as followeth THE PROPOSALS For Taking Subscriptions to this Invention VIZ. I. THE Whole The whole divided into 6000 Shares as enroll'd in Chancery according to the Settlement between the Patentees and present Proprietors as enroll'd in Chancery is divided into Six thousand Parts or Shares which are to be dispos'd of in manner following II. That Five thousand Eight hundred of the said Six thousand Shares shall be dispos'd of by Subscription at 10 l. per Share Whereof 5800 to be disposed of by Subscriptions at 10 l. per Share and 200 in Trust as aftermention'd and the remaining Two hundred Shares shall be subscrib'd by the two Patentees or either of them without paying down any Money and to be vested in the said Patentees in Trust for the Uses and Purposes herein after-mention'd and express'd III. That the Patentees and present Proprietors or their Assigns shall have free Liberty to subscribe any number of the said Five thousand Eight hundred Shares The present Proprietors have liberty to subscribe 1800 Shares for their own use with equal Advantages paying down no Money and esteem 10 l. per share not near the real value not exceeding Eighteen hundred in the whole for the proper use of the said Patentees and Proprietors without paying down any Mony and thereby be as equally entituled to them with all the Benefits and Advantages in this Invention as if they had actually paid down Money for the same all of them being resolv'd to subscribe at least each his Quota of the said Eighteen hundred Shares and most of them many more as not esteeming 10 l. per share near the real Value thereof And therefore do hereby promise and declare that they also will retain
Prime's one of the Patentees at the Red Bull in Budge-row London A True Copy of the Certificate sign'd by the Persons before mention'd who saw an Experiment of the said Invention made as followeth viz. THIS is to Certifie all whom it may concern Note That the said Model was built by a Scale every Inch representing a Foot and the whole representing a Ship of about 140 Tuns That we whose Names are hereunto subscrib'd have seen an Experiment of the Invention of Mr. George Oldner for the preventing Ships and Vessels from Foundering or Sinking at Sea c. in the Model of a Ship about six foot in length upon the River of Thames where it did float deep loaden and without all doubt would have continued swimming for many Months notwithstanding two large Breaches which she had on each side near the Keel And had not the said Invention been affixed to the said Model she must and would unavoidably have sunk down in a very few minutes space and was only preserv'd from sinking by the said Invention Which we being fully convinc'd by the reason of the thing and Demonstration given find it to be a Real and Ingenious Contrivance and we sincerely believe will answer what is above propos'd and be of great Vse Benefit and Advantage to all Nations interested and concern'd in Navigation and doth therefore very worthily deserve all due Encouragement and Esteem Witness our Hands in November 1698. Sir William Ashhurst Knight and Alderman ☞ Note Sir William Ashhurst not being well and the Wind blowing very hard and cold could not stay to see the Model loaden as the others than did as also Member of Parliament for the City of London Sir James Collet Knight late Sheriff of the City of London Sir Thomas Cuddon Knight and Chamberlain of the City of London Mr. Arthur Shallet Merchant Member of Parliament for Weymouth Mr. Thomas Lurting a Virginia Commander and Surveyor of the building of many Ships Mr. William Warren also late Commander and Surveyor of the building of many Ships Mr. Richard Haynes Merchant Mr. Thomas Byfeld Merchant Mr. Richard Oldner Coal-merchant who made Affidavit of the said Experiment which is filed in Chancery Mr. John Webb Shipwright and Builder of the said Model whose Solemn Affirmation of the said Experiment is also filed in Chancery Mr. George Oldner Junior ☞ Note That the Hands of many more Persons skill'd in Shipping might have been obtain'd had it been thought convenient further to have entrusted the SECRET but the Testimonies here given 't is presum'd will be a sufficient demonstration to the World that the said Invention is Real Practicable and Necessary as by the many curious and nice Objections and Queries which were made by the Persons signing hereto and which were distinctly and amply Answer'd to their entire satisfaction And the said Mr. Lurting and Mr. Warren being so throughly convinc'd and confirm'd in the Certainty of the said Invention that they voluntarily offer to go in a Ship of any burthen having great and dangerous Leaks or Breaches as aforesaid She being provided with this Invention to the Streights or West-Indies c. Therefore all these Advantages by means of this Invention accruing in general to the Publick as well as Private Persons To obtain Advantages from all Nations being too great a Work to the present Proprietors and the Work to accomplish the same effectually and to obtain all the Rewards Encouragements and Advantages due from all Nations to so Great and Certain a Good being thought too great and too heavy to the said Patentees and the present Proprietors and that their being thus advis'd and perswaded as they really are to offer to dispose of so many Parts or Shares of their said Invention To take the Assistance of others c. no sinister Ends in them as in the following Proposal as well to strengthen their Hands with Men as Money both being essential to carry on the same with Vigour and Dispatch as aforesaid is hoped cannot be justly term'd any Sinister or Self-ends in them especially they being Men of known Reputation Integrity and Credit who would not offer to the World either a slender or fruitless Proposal The Invention at first hearing incredible when known astonishing Tho' at the bare hearing of the Nature Use and Excellency of the said Invention it may seem almost incredible for any Person to believe yet when seen and understood is immediately admir'd and esteem'd even to an Astonishment and Wonder that the Thought should not have occurr'd for Ages past So then as there need be no further Doubt or Question but that this Invention Real and necessary therefore will be embraced as it is real will therefore be equally embraced and made use of in the Shipping of all Nations so it will also raise large Profits to the Patentees Partners and Subscribers it being so very beneficial convenient and necessary which besides the great Advantages already mention'd there are many more which cannot be publish'd at present As likewise profitable to all concern'd without endangering the Secret but this in short That Shipping being so fortified and secured by this Invention Insurance must consequently be more reasonable than it now is and Insurers Owners and Merchants still greater Gainers which among the Profits that arise and accrue by means of the great and general Safety of this Invention Insurance thereby made easier and Insurers Owners c. greater Gainers may be deem'd a Considerable Article And as to some further Advantages which may reasonably arise to all that shall subscribe or become Partners herein take the following Scheme A Short View how and from whence the said PROFITS and ADVANTAGES may arise is as followeth viz. First Rewards from several Kingdoms and States c. FROM His Majesty of Great Britain and the other Princes and States c. viz. France Spain Portugal Swedeland Denmark the Princes of Italy the States of Holland and Venice Genoua and Hamburgh c. It being but reasonable to hope that a suitable and grateful Reward may justly be expected and obtain'd especially since it is only propos'd Conditionally to the said several Governments Conditional and the Invention to admiration being so demonstrably plain and obvious to all that have seen it The sevention demonstrable and will as certainly be so to all who may hereafter see the same and beyond peradventure The Rewards deemed certain will be so effectual in performing that such Rewards may be therefore justly deem'd nothing less than a Certainty to all concern'd therein Not that the Patentees will presume to assign or ascertain the Quantum of such Rewards Tho' the quantum is not ascertain'd yet is thought may double the present Estimate of the whole At 10 l. per Share but the Merit of the Contrivance being such that it may be modestly thought and expected the same will not be less but more than what may double their