ABSTRACT
There needs but little apology for touching again upon a subject which has, from time to time, received much attention in the pages of this Journal – that of Insurance. When a great truth has to be illustrated, the larger the number of analogies and contrasts which can be brought to bear upon it, the more intelligible will it become to those who are most concerned with it. The ‘betting’ system of the present year, and the approaching Christmas ‘distribution’ system, induce us to offer a few observations on the principle of chance or probability, as involved in many social speculations and amusements. Let us compare together playing, gambling, betting, lotteries, and insurance.
