| The Plates of Dress (chronologically) | [312] | ||
| Croydon Palace Brick Gateway near Bromley |
| [364] | |
| The Views of Antient and Modern Houses | [366] | ||
| The general Views | [404] | ||
CHAP. V.
PUBLIC METHODS OF RAISING MONEY EXEMPLIFIED, IN NOTICES RELATING TO LOTTERIES, BENEFIT SOCIETIES, &C.
The community of London had superior advantages an hundred years past in the State Lotteries, though, if interested Office-keepers could be credited, the Londoners of the present Century enjoy greater gaming privileges than the world ever yet produced. The reader shall judge between the schemes of 1709 and 1807. The Post Boy of December 27 says, "We are informed that the Parliamentary Lottery will be fixed in this manner:—150,000 tickets will be delivered out at 10l. each ticket, making in all the sum of 1,500,000l. sterling; the principal whereof is to be sunk, the Parliament allowing nine per cent. interest for the whole during the term of 32 years, which interest is to be divided
as follows: 3750 tickets will be prizes from 1000l. to 5l. per annum during the said 32 years; all the other tickets will be blanks, so that there will be 39 of these to one prize, but then each blank ticket will be entitled to fourteen shillings a year for the term of 32 years, which is better than an annuity for life at ten per cent. over and above the chance of getting a prize." Such was the eagerness of the publick in subscribing to the above profitable scheme, that Mercers-hall was literally crowded, and the Clerks were found incompetent to receive the influx of names. 600,000l. was subscribed January 21; and on the 28th of February the sum of 1,500,000l. was completed.
The rage for Lotteries reigned uncontrouled; and the newspapers of the day teemed with proposals issued by every ravenous adventurer who could collect a few valuable articles; and from those shopkeepers took the hint, and goods of every description were converted into prizes, even neckcloths, snuff-boxes, toothpick-cases, linen, muslin, and plate. The prices of tickets were generally sixpence, a shilling, half a crown, &c. At the latter end of the year just mentioned, the Magistrates, being alarmed, declared their intention of putting the Act of William and Mary in force, which levied a penalty of 500l. on the proprietor, and 20l. on each purchaser. In the tenth of Queen Anne another Act was passed for suppressing private Lotteries, which was followed
by a second to prevent excessive and deceitful gaming.
Matthew West, a Goldsmith, of Clare-street, Clare-market, appears to have been the man who first divided Lottery-tickets into shares. He advertised in 1712, that he had sold 100 tickets in the million and an half Lottery in twentieths, and purposed pursuing his plan, which was well received.