"Hence it is evident, that on supposition the value of the Prizes diminish by an equal ratio, every day of drawing, still the actual value of the Prizes in proportion to the permanent number of the Blanks will be diminished by the relative proportion increasing at the rate of about 4666 Blanks every day after the first. Consequently it must follow, that the premiums of insurance, as well as the price of Shares and Tickets, instead of acquiring in their value _a very considerable increase_, must be subject to a very considerable diminution. "To maintain the foregoing Plan, No. I. which is a good ground-work for lessening the evil, I take the liberty (says my Correspondent) of suggesting the following improvement. "After the Prizes are drawn each day, let the proportion of the Blanks, namely, 4666 be drawn also. Let there be a suspension likewise of five or seven days between each drawing for the sale of Tickets and Shares, and to give time for insurance. It may be objected, that the time being thus prolonged the inconvenience will remain the same; to avoid which, the blank numbers so drawn, must be done secretly and sealed up by the Commissioners, or, they may be drawn openly but not unfolded or declared, and if necessary, made public after the drawing; by which means the insurance against Blanks or Blank and Prize will be equally abolished." PLAN III. "The Evils of a Lottery are many.--The Advantages might, if well regulated, be as numerous. According to the Schemes that have hitherto prevailed the _principle_ has been wrong. Since the bait held out has been the obtaining of an immense fortune, and the risk has been proportionably great--Insurance has reigned unchecked by all penalties and punishments that could be devised to the ruin and misery of thousands. The price of tickets has been fluctuating, and fortunes have been won and lost on the chance of the great Prizes keeping in the Wheel: the £.20 prizes have always proved dissatisfactory, as though there are only 2-1/2 prizes _on an average_ to a blank, yet such is the uncertainty, that many have scores of tickets without obtaining the proportionate advantage even from these low prizes. It is thought, therefore, that a scheme which should offer considerably more chances for prizes of and above £.50, and which should ensure a return on all blanks, would be acceptable. If also it could be made to prevent insuring of tickets and capitals, it seems to be the grand desideratum in this branch of financeering.