Anecdotes of the Manners and Customs of London during the Eighteenth Century; Vol. 2 (of 2): Including the Charities, Depravities, Dresses, and Amusements etc.Malcolm, James Peller
History
Anecdotes of the Manners and Customs of London during the Eighteenth Century; Vol. 2 (of 2): Including the Charities, Depravities, Dresses, and Amusements etc.
Malcolm, James Peller
London (England) -- Social life and customs -- 18th century
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 10_l._ each ticket,
making in all the sum of 1,500,000_l._ 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 1000_l._ to 5_l. 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. 600,000_l._ was subscribed
January 21; and on the 28th of February the sum of 1,500,000_l._ 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 500_l._ on the proprietor,
and 20_l._ 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.
The Lottery for 1714 contained 50,000 tickets at 10_l._ each, with 6982
prizes and 43,018 blanks; two of the former were 10,000_l._ with one
of 5, another of 4000_l._ a third of 3000_l._ and a fourth of 2000_l._
five of 1000_l._ ten of 500_l._ twenty of 200_l._ fifty of 100_l._ four
hundred of 50_l._ and six thousand four hundred and ninety-one of 20_l._
Public-domain text, read in full here on John Shaqi.
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