Economics -- Early works to 1800; Finance -- Great Britain; Great Britain -- Economic conditions -- 18th century
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 guns: both which, as
to the inventing part, I believe the world owes as absolutely to those
particular ages as it does the working in brass and iron to Tubal Cain,
or the inventing of music to Jubal, his brother. As to engines and
instruments for handicraftsmen, this age, I daresay, can show such as
never were so much as thought of, much less imitated before; for I do not
call that a real invention which has something before done like it—I
account that more properly an improvement. For handicraft instruments, I
know none owes more to true genuine contrivance, without borrowing from
any former use, than a mechanic engine contrived in our time called a
knitting-frame, which, built with admirable symmetry, works really with a
very happy success, and may be observed by the curious to have a more
than ordinary composition; for which I refer to the engine itself, to be
seen in every stocking-weaver’s garret.
I shall trace the original of the projecting humour that now reigns no
farther back than the year 1680, dating its birth as a monster then,
though by times it had indeed something of life in the time of the late
civil war. I allow, no age has been altogether without something of this
nature, and some very happy projects are left to us as a taste of their
success; as the water-houses for supplying of the city of London with
water, and, since that, the New River—both very considerable
undertakings, and perfect projects, adventured on the risk of success.
In the reign of King Charles I. infinite projects were set on foot for
raising money without a Parliament: oppressing by monopolies and privy
seals; but these are excluded our scheme as irregularities, for thus the
French are as fruitful in projects as we; and these are rather stratagems
than projects. After the Fire of London the contrivance of an engine to
quench fires was a project the author was said to get well by, and we
have found to be very useful. But about the year 1680 began the art and
mystery of projecting to creep into the world. Prince Rupert, uncle to
King Charles II., gave great encouragement to that part of it that
respects engines and mechanical motions; and Bishop Wilkins added as much
of the theory to it as writing a book could do. The prince has left us a
metal called by his name; and the first project upon that was, as I
remember, casting of guns of that metal and boring them—done both by a
peculiar method of his own, and which died with him, to the great loss of
Public-domain text, read in full here on John Shaqi.
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