When was it published?

December 19, 1751 in The Virginia Gazette

Foreign News December 19, 1751

The Virginia Gazette

Q: What keywords are associated?

Navy Debt Lottery, Parliament Meeting, South Sea House, Lottery Tickets, Engrossers, Open Subscription

Richmond, Williamsburg, Richmond County, Virginia

View full issue View on Library of Congress PDF Page 2

What is this article about?

Upcoming British Parliament meeting on November 12 will consider a new lottery scheme to pay part of the Navy Debt, more advantageous than the current one. Over 40,000 unsold tickets remain at South-Sea-House, with many pawned, suggesting buyers can wait for lower prices and avoid engrossers.

Merged-components note: Continuation of the London Parliament and lottery news within the same page.

Clipping

OCR Quality

98% Excellent

Full Text

As the Parliament intend to meet the 12th of November next, we can with Certainty assure the Public, there is a Scheme ready to be offered to pay Part of the Navy Debt by Way of Lottery, on Terms much more advantageous than the present, by an open Subscription; so it is to be hoped the Engrossers of the present Lottery Tickets will not find Bubbles enough to take them off their Hands, unless they lower the Price of them to near Par.

N. B. There are now in the South-Sea-House upwards of 40,000 Tickets which are not disposed of, besides great Quantities that are pawn'd in Bankers and other private Hands for a rising Market; so that those who are determin'd to be in Fortune's Way, will by having a little Patience may depend on bubbling the Bubblers, and having Tickets at almost what ever Price they please to buy them at, otherwise the Gentlemen Engrossers must wheel with 20 or 30,000, which will for ever cure them from engrossing for the future.

What sub-type of article is it?

Economic

What keywords are associated?

Navy Debt Lottery Parliament Meeting South Sea House Lottery Tickets Engrossers Open Subscription

Where did it happen?

South Sea House

Foreign News Details

Primary Location

South Sea House

Event Date

12th Of November Next

Outcome

over 40,000 unsold lottery tickets at south-sea-house; many pawned; potential for lower prices and losses for engrossers.

Event Details

Parliament to meet on 12th November to offer a new lottery scheme for Navy Debt payment, more advantageous via open subscription. Current tickets unsold and pawned, advising patience for buyers to get better deals.