the time bargains, and at all the iniquities practised there, we have only to hope that the place of the lotteries may not be supplied by some more mischievous system of knavery. Time was when all the robberies were committed on the king’s highway. The lighting, watching, and general improvement of our roads, have nearly put an end to this practice; but housebreaking has unfortunately taken its place! And yet the people of England is not a gambling people like the French, as is evident from the fate of the last lottery. We have heard that hardly half the tickets were sold; from which it is evident, that the spirit of lottery-gambling was extinct before the system; and if that spirit had not been kept alive by incessant stimuli, it would have expired long ago.”
It may be as well to mention, though it is generally known, that an Act of the 9th and 10th Vict. was passed for legalising Art Union Lotteries within certain limits and under certain conditions. Though our chapter has run over its length, we can hardly conclude without quoting the wise words of Adam Smith on the subject of lotteries. “The chance of gain,” says he, “is by every man more or less overvalued, and the chance of loss is by most men undervalued. . . . The world neither ever saw, or ever will see, a perfectly fair lottery, or one in which the whole gain compensated the whole loss; because the undertaker could make nothing by it. In the State lotteries the tickets are really not worth the price which is paid by the original subscribers, and yet commonly sell in the market for twenty, thirty, and