5 Annotations

Terry F  •  Link

A Treatise of Taxes & Contributions,
shewing the Nature and Measures of Crown Lands, Assessments, Customs, Poll-Money, Lotteries, Benevolence, Penalties, Monopolies, Offices, Tythes, Raising of Coins, Harth-Money, Excize, etc. With several intersperst Discourses and Digressions concerning Warres, The Church, Universities, Rents & Purchases, Usury & Exchange, Banks
& Lombards, Registries for Conveyances, Beggars, Ensurance, Exportation of Money & Wool, Free-ports, Coins, Housing, Liberty of Conscience, etc.

The Same being frequently applied to the present State and Affairs of Ireland.

London, Printed for N. Brooke, at the Angel in Cornhill, 1662. by William Petty --
http://socserv2.socsci.mcmaster.ca/~econ/ugcm/3ll…

Terry Foreman  •  Link

A treatise of taxes and contributions shewing the nature and measures of [brace] crown-lands, assessments, customs, poll-moneys, lotteries, benevolence, penalties, monopolies, offices, tythes, raising of coins, harth-money, excize, &c. : with several intersperst discourses and digressions concerning [brace] warres, the church, universities, rents and purchases, usury and exchange, banks and lombards, registries for conveyances, beggars, ensurance, exportation of money/wool, free-ports, coins, housing, liberty of conscience, &c. : the same being frequently applied to the present state and affairs of Ireland.
Petty, William, Sir, 1623-1687.
London: Printed for N. Brooke ..., 1662.
Early English Books Online [full text]
http://quod.lib.umich.edu/e/eebo/A54625.0001.001?…

San Diego Sarah  •  Link

Why didn't Charles II organize serious lotteries? The selling of a patent for the monopoly was the established, easy way to do it, but the people running the lotteries made the big bucks, as would be needed to finance war. His courtiers loved to gamble, so this would have fleeced the right people

But Charles sold the patents, and after the Restoration lotteries of all sorts became popular. They were started under pretense of aiding poor royalists who had suffered in the civil wars. Gifts of plate, supposedly from the Crown, were disposed of 'on the behalf of the truly loyal indigent officers.'

'The Royal Oak Lottery' caused the most comment. It continued to the end of the century and met with lots of criticism. The organization was frequently the subject for satirists.

In 1699, a lottery was proposed with a capital prize of 1,000l., which could be won for risking one penny.

Speculation characterized the English in the early 18th century, culminating in the South Sea Bubble, and favored all kinds of lotteries. There were 'great goes' in whole tickets, and 'little goes' in their subdivisions; the lottery speculators took out insurance; fortune tellers sold 'lucky numbers.'

A writer in The Spectator reported, 'I know a well-meaning man that is well pleased to risk his good-fortune upon the number 1711, because it is the year of our Lord. ... a certain zealous dissenter, who, being a great enemy to popery, and believing that bad men are the most fortunate in this world, will lay two to one on the number 666 against any other number ...'

The Guildhall was a scene of great excitement when drawings were held there, and poor medical practitioners attended, ready to let blood when the sudden proclaiming of the winning tickets had an overpowering effect.

Lotteries were not confined to money prizes: Plate and jewels were favorites; books were common; but the strangest was for deer from Sion Park.

Henry Fielding wrote a farce produced at Drury Lane Theater in 1731, set in a lottery office. The action ridiculed the office keepers and the credulity of their victims.

A whimsical pamphlet was published around the same time, claiming to be a prospectus of 'a lottery for ladies;' with the chief prize being a husband and coach and six, for 5 pounds (the price of each share). Husbands of “inferior grade, in purse and person” were the second, third and fourth prizes. A similar lottery for wives was soon advertised. This was legitimate satire, but despite reason and ridicule, lotteries continued to be supported by a gullible public.

Some legitimate lotteries were held. In 1736 an act was passed to build a bridge at Westminster by lottery, consisting of 125,000 tickets at £5 each.

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References

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1662