#sofavouredbytheladies

For effectually preventing the Complaints of the Weavers against the Callicoes, (so favour’d by the Ladies,) an Experiment has been try’d and found practicable for making of Callicoes and Muslins here, in which they will be employ’d; and a Method is found out for improving of Cotton Wooll of our own Plantations, so as to work it to as great Perfection as that wrought in India, (which will be laid before the Lords Commissioners of the Plantations, who have Orders from his Majesty to draw up a Scheme to redress the Grievances of the Weavers, &c.) This Undertaking is at present proposed to be carry’d on by Copartnership, ‘till a Charter can be obtain’d, with a Joint-Stock not exceeding Three Millions Sterling. To which End Permits will be deliver’d out this Day at 10 a Clock, at the Bull-Head Tavern in Gracechurch-street, and a Day will speedily be appointed to chuse Managers, to agree to a Deed of Settlement drawn by Council; and a Sum not exceeding 5s. per Cent. to be call’d in, and lodg’d in the Hands of an eminent Banker in Lombard-street, who will give accountable Receipts for the same, if this Undertaking cannot be legally establish’d; but being intended for a General Good, the Favour of our just Government is not doubted, which will be solicited in a legal Way. N.B. Great Part being agreed for already, no Permits will be deliver’d after this Day.