8. On the eve of a drawing the shareholders’ cashier to have an account of receipts from the lottery cashier, and the former to lock the safe with three keys, one of which to remain in his hands, one in the hands of the lottery cashier, and one in the hands of the manager of the lottery.

9. Only the simple drawing, the ambe and the terne to be retained; the quarterne and the quine to be abolished.

10. On the three combinations a shilling to be the minimum, and a crown the maximum stake; the offices to be closed twenty-four hours before the drawing.

11. Ten per cent. to go to Calsabigi, the manager; all expenses of farming to be paid by him.

12. Calsabigi to be entitled to the possession of two shares, without a guarantee being required.

I saw by Calsabigi’s face that the plan did not please him, but I told him that he would not get shareholders save on these terms, or on terms even less favourable to himself.

He had degraded the lottery to the level of biribi; his luxury and extravagance caused him to be distrusted; it was known that he was head over ears in debt, and the king could not banish the fear that he would be cheated in spite of the keenness of his comptroller-general.

The last drawing under the king’s sanction made everyone in good spirits, for the lottery lost twenty thousand crowns. The king sent the money immediately by a privy councillor, but it was said, when he heard the result of the drawing, that he burst out laughing, observing,—

“I knew it would be so, and I am only too happy to have got quit of it so cheaply.”

I thought it my duty to go and sup with the director to console him, and I found him in a state of great depression. He could not help thinking that his unhappy drawing would make the task of getting shareholders more difficult than ever. Hitherto the lottery had always been a gainer, but its late loss could not have come at a worse time.