Foreign visitors have indeed often noticed with surprise that the American public, in spite of its cleverness and its practical trend and its commercial instinct, is more ready to throw its money into speculative abysses than the people of other lands. What is the reason? Those observers from abroad are usually satisfied with the natural answer that the Americans are gamblers, or that they have an indomitable desire for capturing money without working. But the students of comparative sociology cannot forget the fact that many national institutions and customs of other lands suggest that the blame might with much more justice be directed against the other party. America prohibits lotteries, while lotteries are flourishing on the European continent. The Austrians, Italians, and Spaniards are slaves to lotteries, and even in sober Germany the state carries on a big lottery enterprise. President Eliot once said in a speech about the moral progress of mankind that a hundred years ago a public lottery was allowed in Boston for the purpose of getting the funds for erecting a new Harvard dormitory, and he added that such a procedure would be unthinkable in New England in our more enlightened days. Yet in the most civilized European countries, whenever a cathedral is to be built, or an exhibition to be supported, the state gladly sanctions big lottery schemes to secure the financial means. The European governments argue that a certain amount of gambling instinct is ingrained in human character, and that it is wiser to create a kind of official outlet by which it is held within narrow limits, and by which the results yielded are used for the public good.