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Domestic News November 16, 1795

Gazette Of The United States

Philadelphia, Philadelphia County, Pennsylvania

What is this article about?

Report on the Canal Lottery: A single-ticket holder won $15,000. The scheme increases undrawn ticket values as drawing progresses, from $10 to nearly $11.50. Prizes drawn up to last Wednesday evening listed, plus five stationary $20,000 prizes for last tickets.

Merged-components note: The table lists the prizes in the Canal Lottery scheme, which is discussed in the lottery intelligence news item.

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LOTTERY INTELLIGENCE.

We are informed that the gentleman who drew the 15,000 dollar prize, in the Canal Lottery, was the proprietor of only a single Ticket—This instance of good fortune, shews that it is well to be in Fortune's road; and is the more pleasing, as the owner of the prize is a very worthy, though not a very affluent citizen.

The Scheme of the Canal Lottery is certainly one of the best which has appeared—for, independent of the useful objects to which its proceeds are to be applied, the scheme is so calculated as to continually enhance the value of the Tickets remaining in the wheel; because, while the drawing progresses, the chance of a capital prize growing greater, must increase the value of the undrawn Ticket.

The Prizes drawn to the close of the drawing on last Wednesday Evening, were

And 5 stationary prizes of 20,000 dollars each; by which, and the nature of those 5 stationary prizes, which are to belong to the five last drawn tickets, it will be found, that an undrawn ticket was yesterday morning, worth nearly 11 1-2 dollars, which at the beginning, was worth no more than 10 dollars— and so the undrawn tickets must continue to increase in value, as fast as the drawing proceeds: And this circumstance will account for the number of Offices which are opened for the sale of Tickets, as the profits must be daily increasing; and in a few days a Ticket now selling at 11 dollars, will no doubt command 15 dollars, and must continue to get higher as the drawing approximates to the five stationary prizes of 20,000 dollars each.
1of---50,000
1of---30,000
2of---10,000
6of---2,500
9of---2,000
15of---1,000
36of---500
89of---100
14800of---12

What sub-type of article is it?

Lottery

What keywords are associated?

Canal Lottery Prize Drawing Ticket Values Stationary Prizes

Domestic News Details

Event Date

Last Wednesday Evening

Outcome

single-ticket winner received 15,000 dollars; undrawn tickets increased in value to nearly 11 1-2 dollars; five stationary prizes of 20,000 dollars each for last drawn tickets.

Event Details

Gentleman with single ticket won 15,000 dollar prize in Canal Lottery. Scheme enhances value of remaining tickets as drawing progresses due to increasing chances for capital prizes. Prizes drawn up to close of drawing on last Wednesday evening include 1 of 50,000, 1 of 30,000, 2 of 10,000, 6 of 2,500, 9 of 2,000, 15 of 1,000, 36 of 500, 89 of 100, and 14800 of 12 dollars.

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