Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1870-09-01

]ust iik" tossing up a copper and await
ing the result, head or tail. so il will
be seen that the bank is in a position
where it has everything to risk.
CHAMBERLAIN LOST STEADILY
nearly everything for thirteen months,
but this did not shake either his capital
or determination. Chamberlain has
the wealthiest customers in the [ Mon
whp play al faro at all. lie permits
no professional gamblers in his
Institution. Ills patrons are bankers,
merchants and men Of ease. He wishes
no clerks or salaried men Of any class
to play az his table. and he gives his
reasons. lie saws that Il salared man
has little money to waste in idle play ;
If clerk loses at his table a family
suffers by consequence. suppose a
man with 5000 "A year came IN and
lost $500 he would Icel il severely !;
It suppose Chamberlain lost, it would
make NO difference. Then there is
another view. Ii the clerk wins $500
hc goes away and spends it. and gives
the bank no chance 10 win it back
y hereas, We're the clerk. instead, Il
M IN Of wealth. winning or losing, it
wpuld fail - jcoparl his value as a
Customer. IL" would play, whatever
hi luck. Pruprietoro are also adverse
To play when their clerks or subOrtil-
mates are Interested, and also when
thr Gle Ks or suburliuates Of a com
pctitor are about. Cham lerlain j..
therefore. forced 10 be t..c beneficiary
ri society IN a very marNcd degree
lhc men who gamble at hambtrlalh' $
atc, therefore, heavy players. Opera
iur> III Wall street, members al thc
different c,uus. | niOn League, Man
Aaticn, theatrical manager, and noted
>poriSncn irun abroad arc among the
lrrqnrntcrs. l'hc proprietor, ot course,
endcavors to maze everything pleasant
and here he has To he master uf tile art
q entertaining. The game once undcr
Mav II j. Kept up uu;iI four or >iN iu
the morning, hnt if the stakes arc very
heavy they play On through the dal !;
aud It has been u common occurrence
" play torty eight hour, III Sitting
ia tins establishment. Bets on a single
card are limited To- $500, bu' on d
ioLhle cart $500 NAV be wlgercd.
When the game Il closed tine books are
written up with the same particularly
a~ IN regular banking uou~e. and tiit
expenses of The day. The winnings aul
losses are carefully entered aui tbr
balance struck. Some people imagine
that gambling consists iu going iu,
opening game. sju,liig the til pucy iA
tne vc>t yockct and spending It in ruln
li''! dissipation. This ], Il natural
mistake Chamberlain house permits
h' game u proceed that II Hot rierlv
aH'l sober. and the players are intent
uA tur fascination of the hour. Cham
hctialn's business is profit. His hpsa,
sAoN that tarp yIcld- lc-, percentages
than any other banking game ia tine
World. les than the same amount ot
money would bring invested in a bu>!-
nu~- Nh erprisc. KNOWN. thi- Cham
ocrlain does not hesitate 10 play faro
him>cii,. frequently A. loser. frequently
H. winner.
At two hours sitting some time
since he lost 81. 800
I!c reader Will inquire how doe, the
BANK derive q heavy income: Answer.
occausc il dJc, fast business,
WHENCE CtMES II- If,nEVY-r
From "splii," and from the fact that
q man who is losing plays TO retrieve
Aui man Who j. winning PLAYS lur
more. 1t is common sense tuat both
III the long ran. with tie ODDS ot
splits against them, will suilcr Ill
fortune.
lake ease. A person sets ont TO
risk $500, and he makes up his mind 10
Iose no more He starts of and wins
$1,000. The tide turns against him.
and before he knows 1t, in the excite
ment Of the hour he has lost $1,000.
That" says Chamberlain. is where
| make money IL is human nature,
and nothing can change it,
The player pnclies his good luck
and presses his bad luck.
Paying is conducted largely by
CHECKS on TIE NATIONAL BANKS
Of the city, men seldom carrying money
abont their persons. Here Mr.. Cham
berlain has TO use his wits A check
,iyan for ,yauinu turnncnc ia NOT valil
IN law. Therefore it is necessary to
know his man-to be sure ofhis wealth,
to be certain Of his credit. IL requir, 5
instantaneous decision. If the check
is refused the drawer is mortally Offend
ell. But a few evenings since city
millionaire offered his check it was
declined. This was Chamberlain 5
mistake. 1t is said t,Iat il merchant
repudiates his gambling check at the
bank it will destroy his credit in com
mercial circles. THIS is the Only safe
guard upon which the bank relies. 1t
shows. however, to what dangerous
extent gambling has laid hold OF the
mercantile community, how rottenness
is at this hour the inward germ OF ap-
parent soundness, and how heads OF
heavy concerns fritter away their
capital at faro.
rhe largest number of business men
who play at Chamberlain are stock
brokers, and these pc, sons say that II l.
a ialrer game than the cunning and
unscrupulous gambling Of Wall axeet
Besides the opportunities wAicl
Chamberlain affords to his patrons tt
lose or win, as luck may direct, he
keeps "A sort OF midnight national bank
where he will cash check Tor any maj
ne knows as reliable parry, and many
who never think oi gambling take
advantage Of his accommodating spirit
This is why he is reputed good ant
valuable neighOor.
A glance at the expenditures Of thi'