PROPOSALS For Raising A Thousand Pounds.  
CHARLES POVEY Coal-Merchant, near Execution-Dock in Wapping, having taken a Wharf and Yard for ●everal Years on Lease, which Yard is One hundred twenty and six Foot long, and Forty nine Foot broad, being room sufficient to lay Two thousand Chaldrons of Coals; and finding, that every hundred Chaldrons of Coals that he Sold, Cost him in Lighters and Porters Backing them Ten pounds: These considerations have put him upon contriving an engine, and after a great deal of time and charge bestowed to that purpose; he has made one, which will deliver Coals without the use of Lighters, or Porters backing them; to the Admiration of several Hundreds of People that came from all Parts to see it Work: The First day that it was used, it delivered 35, the Second 55, the Third 70, and now it will deliver 100 Chaldrons of Coals into his Yard in one day, for Twenty shillings Charge.  
I. This engine may be used every day, for Twenty years together, without wanting any repair, and it will deliver as many Coals all the Year round, as Three thousand pounds in Lighters, and One hundred Men to work them.  
II. It will deliver as many Coals in a Week, for Six pounds charge, as any other Person can for Forty: But, it is more especially observable, that neither this, nor any other engine can be used at any other Place, but at his Wharf and Yard; for the Reasons following.  
I. All those wharves above the bridge are exempted, by reason that no Loaded Collier can pass through the Bridge.  
II. There is not from the bridge to Blackwall, any piece of Ground large enough for the working this, or any other engine.  
III. Nor is there any place in the River Thames, where a Ship can lie on Shore to unload Coals, but at his Wharf.  
So that the whole Profit of the engine will be to himself, and to those that are concerned with him, and this being too great an Undertaking for any one Person to manage; He makes the following Proposals:  
I. Every Person, who shall put in One hundred pounds, or more, shall receive as interest for every Hundred pounds so put in, One Penny for every cauldron of Coals, that is delivered at his Wharf by this engine.  
II. They may put in for what number of Years they think Convement.  
III. The infringement of this Affair will require Three or Four Clerks, so that every one who puts in Two hundred and fifty pounds, may if required▪ have the liberty to choose a Clerk of his own acquaintance; to see that all things are duly managed; and they shall be mantain'd at the charge of the said Charles Povey  
IV. Every Pe●son who puts money in, shall have two Bonds, viz. one for the Principal and the other for the interest; under the penalty of forfeiting One hundred pounds, if they be misreckon'd of one cauldron of Coals that shall be landed at his Wharf.  
V. The interest to be paid every Month, if required.  
VI. If this engine were to be worked but two days in a Week, it would bring in Forty per Cent. interest, and should it be worked every day( which is not at all unlikely) it would bring in Cent. per Cent.  
VII. In case of the Death of the Undertaker, the money to be return'd within one Month after, if required.  
And to answer all Objections that may arise, about the safety of their money in his Hands, he desires all that have a mind to be concerned, to Inquire of his Substance, Trade and Reputation, and to consider the Six following Particulars, viz.  

I. That after so much money and time expended by the Porjecter, every thing answers beyond Expectation.  
II. That he actually drives a great Trade, which is well settled, and all for ready money.  
III. That his engine is of a far greater Value, than what money he Proposes to raise.  
IV. It may reasonably be expected, that it will turn to as great account, as any thing ever did; the Coal-Trade being one of the greatest concerns, that belong to this City, or Suburbs.  
V. This is not a thing only in Agitation, but what is really brought to perfection, and fixed in all respects.  
VI. No hazard is run in giving Credit, nor is there any danger of Fire, by reason that the whole Stock lies entire: So that no Person can be in danger of Losing the Principal or interest.   
And for the better infringement and Improvement of this Undertaking, any Gentleman, or other Person of good repute, who shall be approved of, and is willing to give the best consideration, may come in as Partner; which will tend very much to his advantage, and may be managed by himself, or any of his Friends, or Relations, whom he shall thinkfit to appoint: And for his further satisfaction, he shall be instructed, how to manage the Trade, and set the engine to work, as well as the Projecter himself: And after his Death, the engine and all the Appurtenances belonging to it shall be made over to him, as his own.  
And in case he die before the Projecter, then his next Heir to be admitted as Partner, or to recall the Stock that was put in by him, and to have the consideration he gave to come in, return'd, or have the liberty to make the best of it, to any other Person, who shall be approved of.  
So that it will be a good Income to him and his Heirs; for the engine with a very little repair may last one Hundred Years, though continually used.  
This engine will deliver Thirty thousand Chaldrons of Coals in a Year, for Three hundred pounds Charge; which were they to be Loaded in Lighters, and carried by Porters, would Cost Three thousand pounds.  
But it may be Objected, that no Man can dispose of so great a Quantity; to which Objection Answer is made, that it is but a small Quantity to what is consumed in this City and Suburbs: For it is computed, that Ten hundred thousand Chaldrons of Coals are yearly Imported into the River of Thames; there being many Brewers and Glass-houses that use Eight hundred, or a Thousand Chaldrons every Year.  
Now to the answering all Objections that can be brought, the first and main Objection will be this. What Assurance can there be of gaining so many Customers, as will employ the engine all the Year round? The 2d Objection may be, How can Ten pence be given in every cauldron of Coals that is Landed by this engine? The 3d Objection may be, What Profit will there be to him that comes in as Partner? These Objections may easily be answered; for by the use of this engine, the Projecter delivers his Coals one Shilling and ten pence in every cauldron, cheaper than he formerly could do; besides the conveniency of seeing them measured, and buying them cheaper, by reason of the quick Dispatch.  
For if a Ship of Two hundred Chaldrons arrives at his Wharf one Day he can discharge them the next, besides the Privilege that he has of choosing such Coals as will give all People satisfaction, by reason of the Fleet, always lying be fore his Wharf.  
Now for Answer to the first Objection, That he can procure as much Custom, as will always keep his engine employed, by the following Methods:  
First, he proposes, that out of the one Shilling and Ten pence, that is saved out of the engine, one Shilling shall be allowed the Customer. At all other Places, every one gives one Shilling per cauldron Light' rage; besides the waiting for Tides: Here all Persons, who deal with him are freed from the charge of Lighters, and the trouble of waiting for Tides: For they stand on the Wharf, and see their Coals Measured out of the Vessel, into the Fat, by a Sworn metre, Loaded into the Carts▪ and carried immediately to their respective 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 gained above Five hundred Customers.  
And can it be supposed, that Brewers; Glass-houses, Dyers, D stillers, and other great Dealers that use Five or Six hundred, or a Thousand Chaldrons of Coals in the Year, will give so many hundreds of Shillings for L●ghters, besides the trouble and charge of waiting for Tides; when they can save Thirty, Forty, or Fifty pounds in the Year, and be at no Trouble or expense?  
And to the 2d Objection, it may be replied, that there is Ten pence per cauldron remaining out of the Profit of the engine, which is to go for the Interest of a Thousand Pounds; so that the whole Profit of the engine, is given to procure a Trade, and increase the Stock.  
And as for the 3d Objection, the Profits and Advantages to the Undertaker and Partner, will be these, viz.  
I. Three pence for every cauldron Wharfage, and Nine-pence for the Loading of the Carts  
II. The advantage of buying them Cheaper, by reason of the quick delivering of the Shipping.  
III. The Advantage of the Carts, that Carry them Home.  
IV The Advantage of the Rise of Fifteen hundred, or Two thousand Chaldrons of Coals in the Winter, when they rise Five, Ten, Fifteen, or Twenty Shillings in a cauldron; which said Quantity of Coals he designs to lay up every Winter.  
So that First, here is a certainty of a great Trade, 2dly, there is an Assurance of good interest for money, and 3dly, there will be considerable Profit to himself and Partner.  
The main Design in Printing these Proposals, is for the encouragement of Trade▪ and to make the best advantage to himself, of such an Undertaking: For he is ass●r'd, That were there Three Four, or Five thousand pounds Stock; what with the Profit of the engine, the Advantage of buying the Coals at the best hand, with the Wharfage, Loading, carrying of them home, returning the money so often in the Year, and the rise of the Coals in the Winter, it would make Cent per Cent, without the running any Hazard  
And for further satisfaction; any Person who is desirous to be admitt●d as Partner, or otherwise, may come and see the engine work nine, or t●n Chaldrons of Coals from the Ship, in the space of an Hour. Those that cannot come themselves, and yet have a mind to be concerned, may sand a Penny-post Letter to the said Charles Povey, signifying where he may come and discourse with them about that Affair.  

These Proposals are to be had at the following Places.  
Mr. gillyflower Book-seller, in Westminster-hall.  
Mr. Man's Coffee-house, at Charing-cross.  
Mr. Rumbald Book-seller, at the Post-house in Russel-street Covent-garden.  
Mr. Wotton Book-seller, at the three Daggers, near the Inner Temple-gate in Fleet-street.  
Mr. Mortlock Book-seller, at the phoenix in St Paul's Churchyard.  
Mr. Parker Book-seller, at the Leg and Star in Cornhill, over against the Royal Exchange.  
Mr. Green Gold-smith, at the blew Anchor on little Tower-hill, going into the Minories.  
Mr. Besouth Cutler, in the broad Street, near Ratcliff-cross, next door to the Crown-Coffee-house.  
Mr. Rowe's Coffee-house, at the Bridg-foot in the Borough of Southwaak.  
Charles Povey Coal-Merchant, near Execution-Dock, in Wapping.    

LONDON, Printed by Henry Hills in blackfriars, near the Water-side.