had all that a man could well desire. The sentiments
I felt for her were confined to those of friendship and esteem after the
confidence she had placed in me.

Calsabigi's project was brief, but clear and well imagined. He invited
capitalists not to speculate in the lottery, but to guarantee it for a
certain sum. In the case of the lottery's losing, each guarantor would
have to share in paying according to the sum named, and in like manner
they would share in the profits.

I promised to give him my opinion in writing by the next day, and I
substituted the following plan for his:

1. A capital of a million, would, I judged, be ample.

2. This million should be divided into a hundred shares of ten thousand
crowns each.

3. Each share must be taken up before a notary, who would answer for the
shareholder's solvency.

4. All dividends to be paid the third day after the drawing.

5. In case of loss the shareholder to renew his share.

6. A cashier, chosen by a majority of four-fifths of the shareholders, to
have the control of all moneys.

7. Winning tickets to be paid the day after the drawing.

8. On the eve of a drawing the shareholders' cashier to have an account
of receipts from the lottery cashier, and the former to lock the safe
with three keys, one of which to remain in his hands, one in the hands of
the lottery cashier, and one in the hands of the manager of the lottery.

9. Only the simple drawing, the ambe and the terne to be retained; the
quarterne and the quine to be abolished.

10. On the three combinations a shilling to be the minimum, and a crown
the maximum stake; the offices to be closed twenty-four hours before the
drawing.

11. Ten per cent. to go to Calsabigi, the manager; all expenses of
farming to be paid by him.

12. Calsabigi to be entitled to the possession of two shares, without a
guarantee being required.

I saw by Calsabigi's face that the plan did not please him, but I told
him that he would not get shareholders save on these terms, or on terms
even less favourable to himself.

He had degraded the lottery to the level of biribi; his luxury and
extravagance caused him to be distrusted; it was known that he was head
over ears in debt, and the king could not banish the fear that he would
be cheated in spite of the keenness of his comptroller-general.

The last drawing under the king's sanction made everyone in good spirits,
for the lottery lost twenty thousand crowns. The king