Scheme of the Philadelphia Lottery, to raise 9375 Pieces of Eight for the Publick Use of the City of Philadelphia, and Province of Pennsylvania.

This Lottery consists of 7500 Tickets, and is divided into four Classes, to be drawn at four different times. Each Ticket is divided into four Billets, one for each Class. The Price of each Billet is, for the first Class one Piece of Eight, for the second two Pieces of Eight, for the third three Pieces of Eight, and for the fourth four Pieces of Eight.

The First Class, at One Piece of Eight, each Billet.

Prizes.	Value in Pieces of Eight.			Sum in Do.
1	of		500	is	500
2	of		250	are	500
3	of		100	are	300
3	of		80	are	240
4	of		40	are	160
10	of		20	are	200
10	of		10	are	100
125	of		4	are	500
750	of		2	are	1500
2	The first and last drawn each		10	are	20
2	The Tickets drawn next before and after the prize of 500, each		10	are	20
912	Prizes				4040
Cash Dr. received on
7500 Tickets,			7500 Pieces,
Cr. paid in Prizes,			4040
Remains			3460
To be carried to the Fourth Class.

The Second Class, at 2 Pieces of Eight each Billet.

Prizes.	Value in Pieces of Eight.			Sum in Do.
1	of		750	is	750
1	of		500	is	500
2	of		250	are	500
3	of		150	are	450
4	of		100	are	400
6	of		80	are	480
10	of		50	are	500
12	of		40	are	480
26	of		20	are	520
10	of		15	are	150
45	of		10	are	450
50	of		6	are	300
250	of		4	are	1000
750	of		3	are	2250
2	The first and last drawn each		15	are	30
2	The Tickets drawn next before and after the 750, each		15	are	30
2	The Tickets drawn next before and after the 500, each		10	are	20
1176 Prizes					8810
Cash Dr. received on
7500 Tickets			15000 Pieces
Cr. paid in Prizes			8810
Remains			6190
To be carried to the Fourth Class.

The Third Class, at 3 Pieces of Eight each Billet.

Prizes.	Value in Pieces of Eight.			Sum in Do.
1	of		1000	is	1000
1	of		750	is	750
1	of		500	is	500
2	of		400	are	800
3	of		250	are	750
5	of		150	are	750
8	of		100	are	800
10	of		60	are	600
15	of		40	are	600
20	of		30	are	600
30	of		20	are	600
50	of		15	are	750
100	of		10	are	1000
250	of		6	are	1500
750	of		4	are	3000
2	The first and last drawn each		20	are	40
2	The Tickets drawn next before and after the 1000, each		20	are	40
2	The Tickets drawn next before and after the 750, each		15	are	30
2	The Tickets drawn next before and after the 500, each		10	are	20
1254 Prizes					14130
Cash Dr. received on
7500 Tickets			22500 Pieces
Cr. paid in Prizes,			14130
Remains			8370
To be carried to the Fourth Class.

The Fourth and Last Class, at 4 Pieces of Eight each Billet.

Prizes.	Value in Pieces of Eight.			Sum in Do.
1	of		1500	is	1500
2	of		1000	are	2000
3	of		750	are	2250
4	of		500	are	2000
6	of		400	are	2400
10	of		250	are	2500
10	of		150	are	1500
15	of		100	are	1500
20	of		80	are	1600
30	of		60	are	1800
24	of		50	are	1200
60	of		40	are	2400
1248	of		20	are	24960
2	The first and last drawn each		50	are	100
2	The Tickets drawn next before and after the 1500, each		30	are	60
4	The Tickets drawn next before and after the two of 1000, each		20	are	80
6	The Tickets drawn next before and after the three of 750, each		15	are	90
8	The Tickets next drawn before and after the four of 500, each		10	are	80
1455 Prizes.					48020
Cash Dr. received on 7500 Tickets					30000
Paid more than received in this Class					18020

Being what was brought forward from the preceding Classes.

State of the Account of the Four Classes, viz.

Received.	Pieces of Eight.	Pieces.
For 7500 Billets in first Class, at 1 each,		7500
For Ditto, in second Class, at 2 each,		15000
For Ditto, in third Class, at 3 each,		22500
For Ditto, in fourth Class, at 4 each,		30000
		75000

	Prizes paid.	Amounting to
In first Class,	912	4040
In second Class,	1176	8810
In third Class,	1254	14130
In fourth Class	1455	48020
		75000

Twelve and a Half per Cent. deducted from 75000 Pieces of Eight, is 9375 Pieces, to be applied to the Publick Use.

Explanation.

A Lottery, in the common Form, is subject to these Inconveniencies. If the Price of each Ticket be high, many who would have been Purchasers are discouraged and excluded. If low, the Number of Tickets must be great, and that occasions the Drawing to take up more Time, which increases the Expence, and is an Injury to many, who neglect other Business to attend it. If the Capital of the Lottery is large, ’tis an Inconveniency that so much Money as is necessary to fill it, should be damm’d up, and restrained from being current in Trade, till the whole is compleated, and all the Lottery drawn.

The present Scheme is calculated to remedy these Inconveniencies. It divides the Lottery into four distinct Classes, to be drawn at four different Times, and is so contrived, as that all the four Drawings will take but little more Time than one Drawing would do in the common Way. The Price of a Ticket is also divided into four gradual Payments, to be made, if the Buyer pleases, at four different and distant Times. The first Entry is low and easy, and if the Adventurer is successful in the first Class, he is enabled as well as encouraged to go on. And a very great Part of the Money is to return several times into the Hands of the People before the Conclusion.

The four Billets into which each Ticket is divided, are all of the same Number, but of different Prices, according to the several Classes to which they belong.

Every Adventurer in the first Class receives a Billet for each Piece of Eight he pays, entitling the Bearer to such Prize in that Class as may be drawn against its Number, subject to no Deduction, unless the Prize be Twenty Pieces of Eight, or upwards. For a like Billet in the second Class he pays two Pieces of Eight. For a Billet in the third Class three Pieces of Eight; and four for a Billet in the fourth Class: So that the Price of a whole Ticket to go through the Lottery is Ten Pieces of Eight.

Adventurers in the first Class have a Right to go thro’ the subsequent Classes, but are not obliged to do it. If any neglect or decline taking out, or paying the Price of their Billets for a subsequent Class, till within three Days of the Drawing of such Class, the common Stock is to have the Benefit of it to the End; unless such Adventurers have left equivalent Prizes for that Purpose in the Hands of the Managers, which is the same Thing as paying: And the greatest Number of Prizes in the first, second, and third Classes, are made just the Price of a Billet in the Class next succeeding, that such Prizes may defray the Charge of new Billets, without the Trouble of paying Money.

A Sum equal to Twelve and a Half per Cent. on the whole, is to be deducted from the fortunate Tickets for the publick Use: But as it would occasion Trouble in making Change, and be otherwise inconvenient, if such Deduction were to be made from the smaller Prizes (which indeed cannot so well afford it) therefore nothing is deducted from any Prize that is under Twenty Pieces of Eight. And the Prizes are so calculated and order’d, that 15 per Cent. which is to be deducted from such as are Twenty Pieces of Eight and upwards, is equal to Twelve and a Half per Cent. on the Whole, and no more. Thus this Lottery is Two and a Half per Cent. more advantageous to Adventurers, than any that have hitherto been made on this Continent. And there are yet several other Advantages, for, in the first Place, the Adventurer’s whole Ticket cannot be struck dead at a Blow, as in common Lotteries. If he has a Blank in the first Class, ’tis a Blank only of One Tenth of his Ticket, and he has still three good Chances left for the remaining nine Tenths, every Chance better than the preceding One, and the last best of all. Then he is under no Necessity of paying the whole Ten Pieces of Eight for each Ticket at once; and, if fortunate in the first Class, may have Occasion to advance no more than the first. In our former Lottery, the Price of a Ticket was Forty Shillings, the whole to be paid at once, and yet its best Chance was to be doubled but 250 times: In this Lottery one Piece of Eight may possibly gain several Thousands. And lastly, the Number of Prizes is more than Half the Number of Tickets.

Publick Notice is to be given before each Drawing, of the Time and Place when and where the Numbers and Prizes are to be put into the Wheels, that such Adventurers as think fit may be present if they please.

The Manner of Drawing is this: All the 7500 Numbers are to be put into one Wheel, and well mixed, the Wheel to be frequently turn’d during the Drawing. In the other Wheel are put the Prizes of the first Class, without any Blanks among them. Then a Number is drawn out of one Wheel, and a Prize against it out of the other, till the Prizes are all drawn; so ends the Drawing of the first Class, which may be finished in one Day.

The rest of the Numbers remain in their Wheel, seal’d up, till the Drawing of the second Class.

The Prizes drawn in each Class may be demanded within three Days after the Drawing of that Class is finished.

Six Weeks Time to be allowed between the Drawings, to take out Billets for the succeeding Class, prepare for drawing it, &c.

Before drawing the second Class, all the Numbers drawn out in the first Class are again to be roll’d up and tied, put into the Wheel to the rest, and well mixed among them.

Then the Prizes of the second Class being put into the other Wheel, without Blanks, the drawing proceeds as in the first Class.

In the same Manner is the third Class managed.

In drawing the fourth and last Class, Blanks are to be mixed with the Prizes, so many as to draw out all the Numbers in the Number Wheel, and complete the whole.

The drawing of the first Class is to begin on the first Monday in September next, without postponing or Delay, or sooner if sooner full; if any Tickets should then remain unsold, they are to be drawn on Account of the Stock.

The following Persons are appointed Managers of this Lottery, viz. Joseph Turner, Abraham Taylor, Tench Francis, John Inglis, Samuel Hazard, John Sober, William Plumsted, Patrick Baird, Philip Syng, Evan Morgan, jun., Jacob Duche, Austin Hicks, Samuel M’Call, jun., Joseph Sims, and Richard Nixon; who are to give Bond, and be on Oath for the faithful Performance of their Trust, and to lay out the Money arising, for such Uses, as to them, in Conjunction with William Allen, Joshua Maddox, William Masters, Samuel M’Call, senior, Edward Shippen, Thomas Leech, Charles Willing, John Kearsley, William Clymer, senior, Thomas Lawrence, junior, William Coleman, Thomas Hopkinson, William Wallace, John Stamper, John Mifflin, James Coultas, William Branson, Rees Meredith, Thomas Lloyd, and Benjamin Franklin, Managers and Assistants of the former Lottery, or to the Majority of the whole, shall seem most for the publick Benefit.

Prizes not demanded within six Months after the last Drawing, to be deem’d as generously given to the common Stock, for the same Use as the Twelve and a Half per Ct. and not to be demanded afterwards, but applied accordingly.

The Managers are to adjust their Accounts, and publish them within twelve Months after the Drawing is finished.

The Tickets will begin to be sold by the Managers at their respective Houses, on Thursday, the 16th Instant.