Daily Republican., 1884-04-12
MASSEY IN THE kOUTH /.

NAsBY IN THE kOUTH.
, A Peculiar l.0a1sians sInstlaasloo =
The Loa1s1aoA STATE Letter =
what 1s II and MsW 10 % Cos
duotea and al Aboas %.
al LRTTyR No. TX.
b NEW ORLEAHs, March IS, l8e4-All coun
T tries outhern ones In particular, have o. pre-
!, however, 70 ascrlbe the desire exclusively Il
the natives Of southern countries for the
: stern New En-. lander, the Puritan him elf
' had once passion for such nsthods Of &C
b quiring wealth. New Hampshire, and we
believe, all the New England States, st enc
means Of paying on fndsbtsdnsss, build
: ing roads, and sqnipplng forces for the DO
fense Of the colonies. New England and the
, northern states, generally, ~ States, have
. Outgrown the lottery, howsyef much indi.
viduals In the cold latitudes hsye . passion
for them.
In Europe the lottery 10 . government In
stitution AZ much ~ the tax gstherer. Ger
/ many, Austria, and Italy all have lotteries
: that are part Of the Governmental system.
In Austria loans are contracted, the interest
being paid In prizes determined by lot. and
UdihVht OVOty Vuu ASoiiou PVICuooOo
these tickets. The principal Is psld BY the
Government at maturity, and the interest ia
, divided among those making the loan. A
man simply lends the Government hun
dred forms at Hve per cent. Instead " re-
; ceiving five forlns Interest, he and all the
lucky men draw tho ioterest from . million
Of such leans. Which 10 to say, they prefer
to take chance Of receiving 100, 900 f0rlns
to q certainty Of receiving nve. And 80
the hundred forms bond lies from year to
year, In the hope Of Its eventually making
The same system Il in vogue In New Or.
leans. The city issues what are called
|" premium bonds" the interest being dis.
trlbuted In blocks by lot These bonds they
sell the same 10 other securities en- which
interest Is paid in the usual way in fact
The greatest lottery In the United States
10 located at New Orleans, and this Is how
1t Ia.
The people Of the South, Louisisus espe-
cially, and New Orleans more especially,
have always been devoted patrons OF the lot
terry. Enormous sums were annually sent
abroad to Havana, Vienna, Rome, and
everywhere else for tickets, all Of which told
severely upon the resources Of the State.
Taking advantage Of the tendency OF tho
people, irresponsible lottery companies were
formed all over the State, which were swim
| To remedy this, the Legislature Of the
state, in 1888, authorized the Incorporation Of
ono lottery company, to be known Is" The
Louisiana State Lottery company with
capital Of a. 900, 90, and enacted that this
company should alone have the right to pro
methods Of conducting the business were oil
set forth with great exactness, and certain
percentage of the profits were required TO be
devoted to the support Of the hospitals Of the
city and 1t was also provided that all
drawings should be conducted BY Board Of
Under this act the company was organised
and It's stock taken by the very best citizens
of the State, all classes Of business men being
included In the list Of stockholders, and tue
best citizens accepting positions In It's
management. In 1879 the same provisions
Of the State. giving the company the double
seal Of legality, Legislative and Constitu-
tiOnal.
Under this charter, or rather charters, the
company has operated ever since. The
stock In the comp my Is quoted regularly up
and those In the management from year to
year, are among the best known business men
of the city and State men only Of re-
cognized financial, bu' social position.
IT is essentially a State institution. The
State hospital, one Of the largest. best con.
uuClCu hHu Utht u tuO ohltCu
States, is supported by the company, not by
donation, but In pursuance Of provision In
Its charter. The payments to tie hospital
are made quarterly.
1t tis large contributor to every charity,
and it Is the most important factor In the
material pr sperity Of the city. Its stock
holders are planters, mill-owIers, sugar re- |
hners, and real estate owners, who have an
interest in the city and State greater than |
any association within its borders. Conse. !
quentlv the company is the very centre and
heart Of all enterprises directed to the devel- |
the various railroad enterprises and manu- |
featuring schemes which since the war done
20 much toward the development Of the re- |
sources 0fthe state.
The compsny has to-day q larger capital |
than airy bank In the State, and its financial |
resources are practically unlimited. 40 one
In Few Orleans questions Its integrity. No
matter what may be thought OF the morals |
of lotteries In the abstract, the tate of L0ui |
siana believes In them, and II has made
giant cor, Grafton, and so hedged 1t around
that 1t stands the severest possible tests.
The character and standing Of those who,
from time to time, have been in its manage l
ment has never been questioned, either on |
the legislative floor or In the press. 1t owes |
l. existence to q vote OF the people OF the |
State, who twice endorsed it-once by ma |
jority Of 10000 votes anG It Is 80 hedged |
pOooOobCb
confidence.
The managers know nothing Of the draw
ings the Commissioners, who are really |
State officials, have sole control Of every de- |
tail. They have always actual possession OF
every ballot placed In the wheels, and they !
can reap no benefit whatever from any draw |
Ing. Added to this source OF confidence is
the additional fact that men Ofthe very high |
est commercial integrity are active In Town |
ing ito stock and controlling It's operations. |
There is scarcely banker or merchant inNew |
orleans who Is not directly interested In 1t and
tion as they do In their own private busi-
moss.
The company own q very fine building on |
st. Charles street, in which its vast business /
is transacted, and an army Of clerks and &C. |
countants are required. 1t has the appear
ance, internally and externally. Of sys-
tematically conducted bank, which 1t really |
s, only II does more business than any ten /
banks In the city.
his would be impossible In the Northern
States. No merchant, ship-owner or manu-
facturer In 0ston would want it known that
he was concerned In o lottery, even as q
ticket buyer, much less as stOckholder or
manager, while here in New Orleans. 1t Is
considered not only not disreputable, but ab-
sOlutey leg innate, as much az any other
business. When the company was organized
and the stock placed upon the market 1t was
considered the ,me as any other stock men
Of the very highest character financially and
socially, Invested in 1t, and went into Its
direction, and 1t 10 managed with Just as
nice regard to mercantile honor and COM
mercial int gritty a. any stock company In
the South. The difference between Boston
and New Orleans, in this respect, Is IN th'
moral sense Of the community. In this par.
ticular, New Orleans is where New England
was hundred years ago. That is all.
v hatever may be public opinion a. TO
I0tt Tao In 10 nj in NQ tn
that he company perform all promises with
rigorous fidelity, and its b'tterest opponents
have never questioned its integrity.
HOW ThE DnAWlnGS ARE
CONDUCTED.
All the drawings Of the LouisiAns Company
are under the personal supervision Of 9opi.
Il. I. BeAuregArd and JubAl A. Early, a.
sisted BY tate Commission. The mana
gers have no interest In tho drawing, bor
have they anything whatever to do with u.
Everything 10 In the hands Of commits
sioners, and they alone manage the distri'