LITMIR.BIZ

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of the nature I treat about are doubtless in general of public advantage, as they tend to improvement of trade, and employment of the poor, and the circulation and increase of the public stock of the kingdom; but this is supposed of such as are built on the honest basis of ingenuity and improvement, in which, though I will allow the author to aim primarily at his own advantage, yet with the circumstances of public benefit added.

      Wherefore it is necessary to distinguish among the projects of the present times between the honest and the dishonest.

      There are, and that too many, fair pretences of fine discoveries, new inventions, engines, and I know not what, which – being advanced in notion, and talked up to great things to be performed when such and such sums of money shall be advanced, and such and such engines are made – have raised the fancies of credulous people to such a height that, merely on the shadow of expectation, they have formed companies, chose committees, appointed officers, shares, and books, raised great stocks, and cried up an empty notion to that degree that people have been betrayed to part with their money for shares in a new nothing; and when the inventors have carried on the jest till they have sold all their own interest, they leave the cloud to vanish of itself, and the poor purchasers to quarrel with one another, and go to law about settlements, transferrings, and some bone or other thrown among them by the subtlety of the author to lay the blame of the miscarriage upon themselves. Thus the shares at first begin to fall by degrees, and happy is he that sells in time; till, like brass money, it will go at last for nothing at all. So have I seen shares in joint-stocks, patents, engines, and undertakings, blown up by the air of great words, and the name of some man of credit concerned, to £100 for a five-hundredth part or share (some more), and at last dwindle away till it has been stock-jobbed down to £10, £12, £9, £8 a share, and at last no buyer (that is, in short, the fine new word for nothing-worth), and many families ruined by the purchase. If I should name linen manufactures, saltpetre-works, copper mines, diving engines, dipping, and the like, for instances of this, I should, I believe, do no wrong to truth, or to some persons too visibly guilty.

      I might go on upon this subject to expose the frauds and tricks of stock-jobbers, engineers, patentees, committees, with those Exchange mountebanks we very properly call brokers, but I have not gaul enough for such a work; but as a general rule of caution to those who would not be tricked out of their estates by such pretenders to new inventions, let them observe that all such people who may be suspected of design have assuredly this in their proposal: your money to the author must go before the experiment. And here I could give a very diverting history of a patent-monger whose cully was nobody but myself, but I refer it to another occasion.

      But this is no reason why invention upon honest foundations and to fair purposes should not be encouraged; no, nor why the author of any such fair contrivances should not reap the harvest of his own ingenuity. Our Acts of Parliament for granting patents to first inventors for fourteen years is a sufficient acknowledgment of the due regard which ought to be had to such as find out anything which may be of public advantage; new discoveries in trade, in arts and mysteries, of manufacturing goods, or improvement of land, are without question of as great benefit as any discoveries made in the works of nature by all the academies and royal societies in the world.

      There is, it is true, a great difference between new inventions and projects, between improvement of manufactures or lands (which tend to the immediate benefit of the public, and employing of the poor), and projects framed by subtle heads with a sort of a deceptio visus and legerdemain, to bring people to run needless and unusual hazards: I grant it, and give a due preference to the first. And yet success has so sanctified some of those other sorts of projects that it would be a kind of blasphemy against fortune to disallow them. Witness Sir William Phips’s voyage to the wreck; it was a mere project; a lottery of a hundred thousand to one odds; a hazard which, if it had failed, everybody would have been ashamed to have owned themselves concerned in; a voyage that would have been as much ridiculed as Don Quixote’s adventure upon the windmill. Bless us! that folks should go three thousand miles to angle in the open sea for pieces of eight! Why, they would have made ballads of it, and the merchants would have said of every unlikely adventure, “It, was like Phips’s wreck-voyage.” But it had success, and who reflects upon the project?

      “Nothing’s so partial as the laws of fate,

      Erecting blockheads to suppress the great.

      Sir Francis Drake the Spanish plate-fleet won;

      He had been a pirate if he had got none.

      Sir Walter Raleigh strove, but missed the plate,

      And therefore died a traitor to the State.

      Endeavour bears a value more or less,

      Just as ’tis recommended by success:

      The lucky coxcomb ev’ry man will prize,

      And prosp’rous actions always pass for wise.”

      However, this sort of projects comes under no reflection as to their honesty, save that there is a kind of honesty a man owes to himself and to his family that prohibits him throwing away his estate in impracticable, improbable adventures; but still some hit, even of the most unlikely, of which this was one of Sir William Phips, who brought home a cargo of silver of near £200,000 sterling, in pieces of eight, fished up out of the open sea, remote from any shore, from an old Spanish ship which had been sunk above forty years.

      The History of Projects

      When I speak of writing a History of Projects, I do not mean either of the introduction of, or continuing, necessary inventions, or the improvement of arts and sciences before known, but a short account of projects and projecting, as the word is allowed in the general acceptation at this present time; and I need not go far back for the original of the practice.

      Invention of arts, with engines and handicraft instruments for their improvement, requires a chronology as far back as the eldest son of Adam, and has to this day afforded some new discovery in every age.

      The building of the Ark by Noah, so far as you will allow it a human work, was the first project I read of; and, no question, seemed so ridiculous to the graver heads of that wise, though wicked, age that poor Noah was sufficiently bantered for it: and, had he not been set on work by a very peculiar direction from heaven, the good old man would certainly have been laughed out of it as a most senseless ridiculous project.

      The building of Babel was a right project; for indeed the true definition of a project, according to modern acceptation, is, as is said before, a vast undertaking, too big to be managed, and therefore likely enough to come to nothing. And yet, as great as they are, it is certainly true of them all, even as the projectors propose: that, according to the old tale, if so many eggs are hatched, there will be so many chickens, and those chickens may lay so many eggs more, and those eggs produce so many chickens more, and so on. Thus it was most certainly true that if the people of the Old World could have built a house up to heaven, they should never be drowned again on earth, and they only had forgot to measure the height; that is, as in other projects, it only miscarried, or else it would have succeeded.

      And yet, when all is done, that very building, and the incredible height it was carried, is a demonstration of the vast knowledge of that infant age of the world, who had no advantage of the experiments or invention of any before themselves.

      “Thus when our fathers, touched with guilt,

      That huge stupendous staircase built;

      We mock, indeed, the fruitless enterprise

      (For fruitless actions seldom pass for wise),

      But were the mighty ruins left, they’d show

      To what degree that untaught age did know.”

      I believe a very diverting account might be given of this, but I shall not attempt it. Some are apt to say with Solomon, “No new thing happens under the sun; but what is, has been:” yet I make no question but some considerable discovery has been made in these latter ages, and inventions of human origin produced, which the world was ever without before, either in whole or in part; and I refer only to two cardinal points, the use of the loadstone at sea, and the use of gunpowder and

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