WHEREAS
on
Monday
the
9th
of
this
Instant
January
the
Books
for
taking
Subscriptions
for
Shares
were
laid
open
,
pursuant
to
the
former
Proposals
and
Advertisement
,
and
a
considerable
Number
of
Shares
(
notwithstanding
the
Papers
and
Pamphlets
)
were
then
Subscribed
accordingly
,
and
many
more
Subscriptions
daily
offered
on
the
aforesaid
Terms
;
but
the
Patentees
and
present
Proprietors
being
willing
to
remove
all
Objections
that
are
or
can
be
made
against
their
Proceedings
in
this
Affair
,
and
fully
to
satisfy
the
World
of
the
Sincerity
of
their
Intentions
therein
,
that
this
useful
and
necessary
Invention
may
no
longer
be
wanting
to
the
Publick
,
do
propose
and
agree
to
the
following
Variation
from
the
former
Proposals
and
Advertisement
;
(
viz.
)
1st
.
That
25
s
.
per
Share
only
be
paid
down
at
the
time
of
Subscribing
,
into
the
Hands
of
Sir
Thomas
Cuddon
,
Knight
,
and
Chamberlain
of
the
City
of
London
,
or
his
Assigne
,
as
Trustee
,
until
the
Committee
be
chosen
:
And
that
all
Money
so
advanced
be
paid
into
the
said
Committee
or
their
Order
,
when
chosen
,
for
a
Stock
to
be
applied
only
for
the
managing
and
carrying
on
the
said
Invention
and
Letters
Patents
,
as
in
the
former
Proposals
.
2dly
.
That
one
third
part
of
all
clear
Profits
arising
by
Means
of
this
Invention
,
shall
be
divided
among
the
Patentees
and
present
Proprietors
only
,
until
the
remaining
Sum
of
Eight
Pounds
Fifteen
Shillings
per
Share
be
fully
paid
and
satisfied
,
and
no
longer
;
and
the
other
two
third
Parts
of
the
said
Profits
to
be
divided
in
common
to
all
Persons
concerned
,
according
and
in
Proportion
to
their
several
and
respective
Interests
therein
.
3dly
.
That
all
Persons
who
have
already
subscribed
for
Shares
,
shall
be
subject
to
these
Conditions
only
,
or
may
retract
their
former
Subscriptions
,
and
subscribe
de
Novo
,
if
they
see
meet
.
4thly
.
That
the
present
Proprietors
shall
,
upon
Account
of
this
Variation
,
have
equal
Liberty
with
all
other
Subscribers
,
of
disposing
of
their
Shares
;
except
the
Patentees
,
who
are
to
retain
so
many
Shares
as
to
qualify
them
to
be
of
the
Committee
,
as
in
the
former
Proposals
,
yet
nevertheless
subject
to
an
Election
.
5thly
,
That
in
Case
the
said
Invention
should
not
answer
,
after
the
Experiment
has
been
made
in
a
large
Ship
at
Sea
,
which
the
Patentees
and
present
Proprietors
have
no
manner
of
Reason
to
doubt
or
question
,
yet
to
demonstrate
their
Sincerity
and
Fairness
,
are
content
that
all
Money
so
raised
for
a
Stock
,
as
aforesaid
,
with
the
Produce
thereof
,
shall
be
equally
divided
and
paid
back
to
the
Subscribers
only
;
the
Charges
and
Expences
Which
according
to
the
nearest
Computation
that
can
now
be
made
,
is
presum'd
will
not
exceed
5
s
.
per
Share
at
most
,
and
probably
not
half
so
much
,
which
is
an
inconsiderable
Adventure
for
so
great
a
Probability
of
so
large
Profits
and
universal
Benefit
,
and
Proposals
of
Insurance
will
in
a
short
time
be
made
to
the
Subscribers
accordingly
.
(
signed
and
allowed
by
the
Committee
)
first
deducted
.
6thly
,
That
pursuant
to
these
present
Conditions
and
Agreements
,
the
Books
for
taking
Subscriptions
for
Shares
in
the
said
Invention
,
shall
be
opened
again
on
Tuesday
the
24th
of
this
Instant
January
,
at
Robin's-Coffee-House
in
Exchange-Alley
,
London
,
from
Ten
to
One
,
and
from
Three
to
Seven
a
Clock
,
and
shall
continue
open
until
Saturday
the
28th
ditto
inclusive
.
Dated
January
the
13th
,
1698
/
9.
An
ANSWER
to
the
Nameless
Pamplet
,
assuming
a
Title
of
An
Epistle
to
a
Member
of
Parliament
,
concerning
Mr.
George
Oldner's
Invention
;
to
prevent
Ships
from
Foundering
or
Sinking
at
Sea
,
&c.
it
being
presumed
the
Author
was
rather
commanded
by
his
Interest
,
than
by
a
Member
of
the
House
of
Commons
.
1st
.
BEcause
in
the
very
beginning
,
he
complains
of
the
Liberty
of
the
Press
,
for
suffering
Trifles
and
Whimsies
to
be
published
,
and
tells
you
,
the
whole
Nation
seems
to
have
run
a
gadding
,
every
little
Trifler
setting
up
for
Wit
,
Politicks
,
or
Projects
,
openly
declaring
himself
to
be
one
of
the
Number
,
as
at
the
same
time
to
be
guilty
of
an
Impertinent
Libel
of
Folly
and
Falshood
,
so
jumbled
together
,
That
for
the
most
part
it
bespeaks
nothing
but
Prejudice
and
Ill-Will
,
angry
and
aggrieved
,
as
is
supposed
,
that
honest
and
well-meaning
Men
should
undertake
to
serve
the
World
with
a
much
better
Invention
,
than
this
wonderful
Politician
with
all
his
Wit
and
Art
,
could
ever
attain
to
be
Master
of
;
and
the
very
Subject
he
gives
the
Honourable
Person
a
single
Instance
of
(
tho'
indeed
one
might
have
expected
a
variety
out
of
the
multitude
of
Pamphlets
complain'd
of
)
is
by
himself
justified
in
the
Front
of
his
Discourse
,
to
be
a
Noble
Undertaking
,
if
it
can
ever
be
accomplished
;
and
yet
(
having
not
patience
to
see
whether
it
can
or
no
)
irritated
by
his
Anger
and
Folly
,
falls
out
with
it
almost
in
the
very
same
Line
,
and
terms
it
a
monstrous
and
unaccountable
Air
of
Whimsey
and
Confidence
,
the
Inconsistency
of
which
unaccountable
piece
of
Logick
needs
no
Mathematical
Demonstration
to
such
as
understand
English
,
so
rudely
and
ungentilely
has
he
attacked
this
Noble
Undertaking
in
his
whole
Discourse
(
and
apparently
without
the
least
Knowledge
of
it
)
letting
the
World
see
,
That
as
Passion
has
overcome
his
Reason
,
he
obstinately
will
be
so
irrational
as
to
think
nothing
can
be
effected
by
Art
,
but
what
comes
within
the
Compass
of
his
Imagination
,
and
at
last
when
his
mighty
Capacity
cannot
comprehend
it
,
makes
it
a
Foundation
whereon
to
build
a
Creed
for
Vid
.
Hor.
Flace
.
Satyr
.
5.
Judaeus
Apella
,
which
Quotation
,
(
though
far
from
his
Intention
)
so
aptly
agrees
with
,
and
makes
so
much
for
our
Purpose
,
that
it
plainly
appears
,
he
as
equally
understands
Authors
as
he
does
George
Oldner's
Invention
.
2dly
,
He
finds
fault
with
the
Method
of
proceeding
,
Slenderness
of
the
Experiment
and
Privacy
of
the
inventor
,
tho'
this
last
be
fully
answered
in
the
printed
Proposal
,
Page
4th
,
Paragraph
the
2d
;
and
as
to
the
Experiment
made
in
the
River
in
so
small
a
Vessel
,
which
has
given
old
Commanders
and
Surveyors
of
the
building
of
many
Ships
and
Vessels
Satisfaction
,
that
it
will
answer
in
a
large
Ship
;
which
they
offering
to
venture
their
Lives
on
the
Experiment
,
shews
the
greatest
Faith
of
Performance
and
Reality
of
the
Invention
that
is
possible
;
nor
can
it
be
deny'd
,
That
in
many
cases
,
that
which
answers
in
the
little
will
answer
in
the
great
,
whereof
Instances
sufficient
might
be
given
:
But
our
scribling
Author
is
so
disingenuous
,
to
conclude
the
contrary
of
this
Invention
,
when
at
the
same
time
,
he
knows
nothing
of
it
;
and
his
saying
the
Marginal
Note
is
an
Acknowledgment
of
the
most
Honourable
Person
not
being
present
at
the
Experiment
,
is
false
,
as
may
appear
by
the
same
,
there
wanting
only
his
seeing
the
Model
loaden
,
yet
did
see
her
swim
empty
,
and
several
other
Persons
of
good
Note
,
whom
we
are
perswaded
the
World
will
allow
better
Judges
in
the
matter
than
this
Pamphleteer
,
who
slyly
insinuates
a
Suspicion
of
their
Wisdom
or
Integrity
.
Surely
,
if
the
present
Age
had
not
abounded
with
selfish
and
mercenary
Persons
,
the
World
might
have
been
perswaded
this
Scribler
,
had
out
of
Tenderness
to
them
,
and
to
prevent
their
being
imposed
upon
,
took
all
this
Pains
,
and
been
at
this
Charge
,
and
not
for
his
more
considerable
Invention
,
(
as
he
calls
it
)
notwithstanding
which
,
it
is
hoped
,
when
it
shall
be
humbly
offered
to
the
great
Wisdom
of
the
Honourable
House
of
Commons
,
it
will
meet
with
a
much
more
favourable
Reception
,
than
this
self-inconsistent
piece
of
Politicks
is
willing
it
should
.
3dly
,
His
accusing
the
Patentees
of
Disingenuity
,
for
reciting
a
Copy
of
a
Certificate
given
by
the
Surgeons
in
so
general
Terms
,
That
the
Bilge-water
is
pernicious
to
the
Health
and
Lives
of
Men
,
and
therefore
as
applicable
to
ours
as
to
any
other
Invention
whatsoever
,
and
assignable
to
that
which
best
answers
the
end
,
shews
rather
this
Author's
disingenuous
Construction
of
the
good
and
publick
Spirits
of
the
Naval
Surgeons
,
in
granting
the
said
Certificate
in
so
universal
a
manner
to
incourage
all
thinking
Men
to
the
Perfection
of
so
great
a
Benefit
,
than
that
it
should
be
confined
to
one
single
Invention
and
no
more
;
but
his
quarrelling
thus
,
as
he
does
,
without
Reason
or
good
Manners
,
gives
us
to
think
he
's
in
fear
,
(
as
well
he
may
)
that
the
Service
propos'd
by
his
Invention
,
will
be
far
more
effectually
perform'd
by
ours
.
4thly
,
His
Objection
against
the
Experiment
made
in
a
Model
,
and
not
in
a
large
Ship
already
built
,
to
all
ingenious
Persons
who
have
perused
the
4th
Page
of
the
Proposals
,
we
hope
and
believe
to
be
so
satisfactorily
answered
,
as
that
if
he
were
not
of
a
peevish
and
prejudic'd
Temper
,
he
would
not
have
urged
it
.
5thly
,
His
Objection
relating
to
the
safe
Arrival
of
a
Ship
with
such
Breaches
,
in
Holland
not
to
be
a
sufficient
Testimony
,
unless
she
returned
,
shews
his
little
Knowledge
of
our
Intentions
,
we
having
designed
a
farther
Voyage
than
a
return
from
thence
to
England
.
Likewise
his
asserting
it
to
be
said
by
one
of
the
Patentees
,
that
all
this
is
to
be
done
with
the
Use
but
of
Two
Pumps
,
is
false
;
and
shews
(
for
the
Reasons
he
objects
)
how
far
he
is
to
seek
in
the
other
parts
of
our
Invention
;
Pumps
,
by
his
Paper
,
appearing
to
be
his
sore
place
.
Yet
neither
his
Railing
or
Ignorance
shall
pump
the
Patentees
to
discover
to
him
their
Secret
.
6thly
,
As
to
his
Objection
of
their
falling
the
Price
of
their
Shares
,
and
his
asserting
their
Mistrust
of
the
Sufficiency
of
the
Invention
,
because
of
their
condescending
to
accept
Payments
for
their
Shares
after
an
Experiment
is
made
,
and
Rewards
obtained
,
is
false
in
Fact
,
and
shews
how
little
Skill
this
weak
Author
has
in
common
Sense
,
and
therefore
we
may
say
with
him
,
that
as
Truth
loves
the
open
Light
,
and
Error
and
Imposture
lurking
Holes
,
we
leave
the
Reader
to
judge
whether
they
who
have
put
their
Names
in
the
Front
,
and
declare
themselves
openly
,
or
he
that
has
put
neither
Name
,
nor
Place
where
to
be
found
,
acts
fairest
,
And
as
to
Mr.
Lurting's
and
Mr.
Warren's
going
to
the
Streights
or
West-Indies
,
they
are
still
as
ready
on
a
good
Account
,
though
not
to
satisfy
the
impertinent
Demands
of
every
mercenary
Scribler
.
But
the
Envy
and
Opposition
this
Invention
meets
with
,
is
one
very
great
Argument
,
amongst
the
rest
,
to
convince
us
of
the
Value
and
Greatness
thereof
;
and
if
this
Author
was
really
just
,
and
as
kind
as
he
would
seem
,
he
would
never
have
writ
so
much
upon
a
Mistake
;
but
have
first
fully
informed
himself
,
least
he
should
injure
his
Friends
as
well
as
Mankind
;
for
if
the
Invention
be
real
,
and
he
obstructs
its
Progress
,
he
not
only
bereaves
Mankind
of
the
Benefit
,
but
the
Subscribers
of
the
Gain
they
might
have
reaped
thereby
,
so
that
as
on
one
hand
he
may
save
them
the
loss
of
One
Pound
,
so
on
the
other
hand
he
may
hinder
them
the
Gain
of
Ten
Pounds
;
and
to
such
as
know
the
Invention
,
the
last
is
much
more
likely
than
the
first
.
Then
he
goes
on
with
his
Presumption
to
make
us
the
Authors
of
the
News
in
the
Flying-Post
;
which
News
,
though
true
in
it self
,
as
may
be
made
appear
by
credible
Witnesses
,
yet
we
don't
think
our selves
obliged
to
answer
for
Informations
given
to
the
News-Writers
.
7thly
,
He
at
last
,
like
a
Man
a
little
come
to
himself
,
considers
what
Errors
the
Heat
of
his
Passion
,
and
the
Disappointment
he
hath
met
with
,
hath
drawn
him
into
,
returns
and
says
,
he
would
do
any
thing
rather
than
lessen
the
Reputation
of
any
Proposal
that
should
tend
to
the
Advantage
of
Mankind
;
the
Consistency
whereof
,
with
the
Contents
of
his
Epistle
,
both
before
and
in
the
next
Paragraph
,
concerning
the
World
in
the
Moon
,
we
recommend
to
the
reasonable
part
of
Mankind
to
consider
,
and
doubt
not
but
Truth
and
Reason
will
prevail
over
Malice
and
Folly
,
and
submit
the
whole
to
the
Judgment
of
the
Impartial
;
who
no
doubt
but
will
apparently
see
(
as
at
first
hinted
)
this
Author
was
byassed
meerly
by
his
Interest
and
therefore
deserves
to
have
what
he
has
written
to
be
shrewdly
suspected
,
and
conclude
answering
his
False
and
Scandalous
Epistle
,
refering
the
Reader
to
the
other
Papers
Printed
,
concerning
this
Invention
.
As
to
the
Advertisements
of
Mr.
Lurting
and
Mr.
Warren
,
concerning
the
Certificate
under
their
Hands
,
we
can
do
no
less
than
as
a
Demonstration
of
our
Sincerity
,
acknowledge
that
their
Testimony
and
Caution
against
the
evil
Practices
of
scandalous
Stock-jobbing
,
&c.
is
highly
commendable
,
and
also
join
with
them
therein
;
but
there
is
one
thing
to
be
noted
,
That
the
said
Mr.
Lurting
and
Mr.
Warren
(
as
we
believe
)
through
misunderstanding
,
conceived
that
People
had
ground
to
think
by
the
printed
Proposals
,
that
the
Experiment
had
been
made
and
approved
by
a
Ship
at
Sea
,
which
was
never
by
us
pretended
to
by
Word
or
Writing
,
in
any
wise
whatsoever
,
as
may
plainly
appear
by
the
Certificate
,
and
hope
,
That
that
will
be
a
sufficient
Demonstration
,
and
may
serve
to
satisfie
and
undeceive
any
that
may
have
so
mistaken
it
.
Secondly
,
We
own
that
neither
they
nor
any
other
,
which
signed
the
Certificate
,
were
in
any
wise
concerned
in
dividing
the
Invention
,
and
Letters
Patents
into
Shares
,
neither
did
they
or
we
ever
say
,
That
they
were
bona
fide
worth
20
l.
per
Share
,
tho'
there
are
several
concerned
that
do
value
them
as
mentioned
in
the
printed
Proposal
,
and
some
at
a
far
higher
Rate
;
and
are
very
uneasie
and
unwillingly
joined
with
us
in
our
new
Method
,
they
judging
that
we
much
undervalue
the
Invention
,
in
proposing
the
Shares
at
so
easie
a
Rate
.
We
are
bound
to
return
them
Thanks
for
the
Justice
they
have
done
us
,
in
owning
the
Ingenuity
and
Goodness
of
the
Invention
,
for
the
Security
of
Shipping
,
and
their
conscientious
Care
to
prevent
rash
and
unthinking
People
from
prejudicing
themselves
,
is
commendable
,
which
cannot
(
as
they
themselves
may
be
sensible
)
now
accrue
,
by
any
being
concerned
in
our
Invention
.
And
as
to
the
little
Advertisement
signed
S.
R.
though
scarce
worth
our
taking
notice
of
;
for
if
the
Author's
Pretensions
are
real
,
he
need
neither
be
ashamed
,
nor
afraid
to
own
it
,
with
his
Name
at
length
;
for
if
he
can
add
any
thing
further
to
what
Mr.
Oldner
pretends
to
,
he
should
not
conceal
it
with
that
pr●●ence
,
on
purpose
to
hinder
the
World
of
partaking
of
what
Mr.
Oldner-offers
,
but
his
Thought
(
as
himself
owns
)
being
still
imperfect
,
the
World
may
〈…〉
as
long
without
this
Invention
,
as
hitherto
it
has
been
for
him
.
☞
Note
,
That
we
were
threatned
with
the
Pamphlet
entituled
,
An
Epistle
,
&c.
and
the
Advertisement
signed
S.
R.
before
they
were
published
,
(
which
now
have
styly
stolen
into
the
World
,
like
Foundlings
into
Parishes
)
for
not
admitting
the
Authors
thereof
into
our
Invention
Gratis
.