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
Besides the drawing for prizes and blanks, there was another for the
course of payment, and each 1000 tickets was called a course. The
payments to the receivers were on the 10th of November and 10th of
December 1713. When the Tickets were drawn, they were exchanged for
standing orders, and thus rendered assignable by endorsement; all the
blanks were repaid the 10_l. per_ ticket at one payment, in the order
their course of payment happened to fall, and they bore an interest
of four _per cent._ from Michaelmas 1713. The prizes were payable in
the same manner: the first drawn ticket had 500_l._; the last 1000_l._
besides the general chance; 35,000_l. per annum_ was payable weekly
from the Exchequer to the Paymaster for the discharge of the principal
and interest, and the whole funds of the Civil List were chargeable for
thirty-two years for 35,000_l. per annum_.
To shew the difference between past and present methods, it may be
worth while to insert a modern scheme.
"State Lottery begins drawing October 13, 1806, containing more Capital
Prizes, and 5000 less Tickets, than last Lottery. The first drawn
Ticket entitled to 10,000_l._; all other Capital Prizes are afloat.
Purchasers of Tickets and Shares will have the opportunity of obtaining
all the Capital Prizes, provided they purchase before the drawing
commences. The Scheme has equal advantages of 20,000_l._ Prizes,
10,000_l._ Prizes, 5,000_l._ Prizes, &c. &c. to former Lotteries of
double the number of Tickets.
No. of Prizes. Value of each: Total Value.
3 of £.20,000 are £.60,000
3 10,000 30,000
3 5,000 15,000
5 1,000 5,000
8 500 4,000
20 100 2,000
40 50 2,000
4,100 20 82,000
------ ---------
20,000 Tickets. £.200,000
20,000 Tickets only, and no other State Lottery to be drawn this year."
BENEFIT SOCIETIES, &C.
The first mention of any thing of this kind I have met with is in
the year 1708, under the name of the "Taylors' Friendly Society" for
insuring the lives of Adults and Children male and female; which was
held at the Cross Keys, Wych-street; and the Trustees met twice in
each month, when 1500 persons had subscribed 5_s._ each, including
policies, stamps, entrance, and first claim; and continued their
payments three years. They became entitled to relief in case of illness
or poverty, and their Executors after death to 200_l._ Another Society
was connected with it, and termed the "Amicable Society," the terms
5_s._ 6_d._ and 2_s. per_ quarter; for which relief was afforded, and
120_l._ paid at the decease of the Subscriber.
Public-domain text, read in full here on John Shaqi.
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