I have seen the 1830s-sh remains of such a system in Tasmania. They sent coal in buggies down a ~200m inclined railway to the dock below, using it as counterwei

I have seen the 1830s-sh remains of such a system in Tasmania. They sent coal in buggies down a ~200m inclined railway to the dock below, using it as counterweight to haul goods up the hill. Win-win!