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Sign up freeGazette Of The United States
Philadelphia, Philadelphia County, Pennsylvania
What is this article about?
A gentleman won the $15,000 prize in the Canal Lottery with a single ticket. The lottery scheme enhances ticket values as drawing progresses, with prizes including five stationary $20,000 prizes for the last tickets. Undrawn tickets rose from $10 to nearly $11.50.
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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, shows 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
at the beginning, was worth no more than 10 dollars—this morning, worth nearly 11 1/2 dollars, which, at
in value, as fast as the drawing proceeds: And this
and so the undrawn tickets must continue to increase
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
good agent may command 15 dollars, and must continue to get higher as
the drawing approximates to the five stationary prizes
of 20,000 dollars each.
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Domestic News Details
Event Date
Last Wednesday Evening
Outcome
gentleman won $15,000 prize with single ticket; five stationary prizes of $20,000 each for last drawn tickets; undrawn ticket value increased from $10 to nearly $11.50
Event Details
Report on Canal Lottery drawing: a worthy but not affluent citizen won $15,000 with one ticket. Scheme benefits canal projects and increases value of remaining tickets as drawing advances toward five $20,000 stationary prizes. More offices opening due to rising profits for agents.