A proposal for the speedy procuring a sufficient quantity of plate, to make 950000 l. of new money, humbly offer'd to the consideration of the Lords and Commons now assembled in Parliament. T. E. This text is an enriched version of the TCP digital transcription B21524 of text R224665 in the English Short Title Catalog. Textual changes and metadata enrichments aim at making the text more computationally tractable, easier to read, and suitable for network-based collaborative curation by amateur and professional end users from many walks of life. The text has been tokenized and linguistically annotated with MorphAdorner. The annotation includes standard spellings that support the display of a text in a standardized format that preserves archaic forms ('loveth', 'seekest'). Textual changes aim at restoring the text the author or stationer meant to publish. This text has not been fully proofread Approx. 7KB of XML-encoded text transcribed from 2 1-bit group-IV TIFF page images. EarlyPrint Project Evanston,IL, Notre Dame, IN, St. Louis, MO 2018 B21524 Wing E41B Interim Tract Supplement Guide 816.m.10[23] ESTC R224665 ocm99885576

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 Early English books online text creation partnership. (EEBO-TCP ; phase 2, no. B21524) Transcribed from: (Early English Books Online ; image set 185346) Images scanned from microfilm: (Early English books; Tract supplement ; C1:2[22]) A proposal for the speedy procuring a sufficient quantity of plate, to make 950000 l. of new money, humbly offer'd to the consideration of the Lords and Commons now assembled in Parliament. T. E. 1 sheet ([1] p.). s.n., [London : 1695] Author's initials from Wing. Imprint from Wing. Reproduction of original in the British Library.

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 eng Finance, Public -- Early works to 1800. Money -- England -- Early works to 1800. Lotteries -- England -- Early works to 1800. eebo A proposal for the speedy procuring a sufficient quantity of plate, to make 950000 l. of new money, : humbly offer'd to the consideration of the Lords T. E. 1695 2 920 1 0 0 0 0 0 10.87 C The rate of 10.87 defects per 10,000 words puts this text in the C category of texts with between 10 and 35 defects per 10,000 words. 2014-04 Keyed and coded from ProQuest page images 2014-10 Sampled and proofread 2014-10 Text and markup reviewed and edited 2015-03 Batch review (QC) and XML conversion
A PROPOSAL for the Speedy Procuring a sufficient Quantity of PLATE , to make 950000 l. of NEW MONEY , humbly Offer'd to the Consideration of the Lords and Commons now Assembled in Parliament .

ALthough the several Proposals which have been made for Regulating the Coin , differ in some other points , they seem all to agree in this , viz. That Three Fifths of Coin in the whole Kingdom is ( more or less ) Clipp'd , and that this Clipp'd Money , taken together doth want Two Fifths of what it ought to weigh , so that if this Clipp'd Money were all Sterling Silver , ( which yet it is not ) it will make but Three Fifths of New Money according to the present Standard .

I take it for granted , that the Fund to be settled for the supplying the Deficiency of the Clipp'd Money , will answer the End for which it is design'd . But 't is plain 100 l. of Clipp'd Money which wants Two Fifths of its Weight , cannot be made good , but by the Addition of so much Silver , as will make Two Fifths of 100 l. And therefore if it be necessary to the carrying on the present War , and the Trade of the Nation , that there should be as much New Money of full Weight , as there is now of the Old by Tale , there will want a great Quantity of Plate or Bullion to supply this Defect . To buy Bullion with Money will not increase the Coin , and if we stay till it comes in return for our Commodities , it may come too late .

It is therefore humbly proposed , that such Encouragement be given , as may induce the People Voluntarily to bring in their Plate to be Coin'd into New Money ; which I presume they will do upon the advantageous Terms following .

1. Let there be given out 100000 number'd Tickets , to such Persons as shall bring in their Plate to be Coin'd ; that is , One Ticket for every 38 Ounces of Sterling Plate , these 100000 Tickets will answer to 3800000 Ounces of Plate . Every such Ticket shall secure to the Owner 10 l. of New Money to be paid at a certain Day after Drawing ; by this means every Person will receive 5 s . 3 d . an Ounce for his Plate , besides the Advantage that may accrue by a Benefited Ticket . 2. Let 100000 l. be divided amongst 10000 Benefited Tickets , as in the following Table , and let these 10000 Benefited Tickets be mix'd with 90000 blank Tickets , and drawn with the 100000 number'd Tickets above-mention'd , as in the Million Lottery .

The Advantages of this Proposal are obvious : Here is but Nine Blanks to One Prize , whereas in the Million Lottery there was Thirty Nine to One , and in most other Lotteries the Odds hath been double or treble to what is here proposed . Besides , in those Lotteries there hath been 10 per Cent . deducted for the Charges of Management ; whereas in this every Adventurer will be sure to receive 5 s . 3 d . an Ounce for his Plate , and therefore runs no Risque , tho' none of the Benefited Tickets should fall , to his share ; but if he should have a Benefited Ticket ( and 't is but Nine to One that he hath not ) that will be clear Gain over and above the 5 s . 3 d . an Ounce for his Plate .

Benefited Tickets . Value of each Benefited Ticket . Total of all the Benefited Tickets . 1 of 1000 l. 1000 10   500   5000 49   40   1960 120   30   3600 360   24   8640 760   20   15200 1700   12   20400 3000   8   24000 4000   5   20000 First and last Drawn 100 l. each , 200 10000       100000

Considering how many Lotteries have been Drawn Full , in which the Security was not so good , nor the Advantage near so great as here proposed , it is highly probable that this will be full in a short time , ( and to make this the more certain , 't is but prohibiting the use of Silver Tankards ●nd other Plate in Publick Houses . ) However , if it should not be full by the time set , it may be Drawn in Proportion to the Quantity of Plate that shall be then brought in , and the Advantages remain the same to each Adventurer .

By this Proposal the Government will pay ( in New Mony ) for these 3800000 Ounces of Plate ,   1000000 l. Besides the Benefited Tickets , which comes to   100000   Sum 1100000 The 3800000 Ounces of Plate , will make   950000 So the Charge to the Government will be   150000

To be made good by such ways as the Parliament shall think fit . This Plate will not cost full 9 d . ob . above 5 s . an Ounce which is here supposed to be the Common Price

A PROPOSAL for Supplying the Want of Silver , &c