ng?"

"Certainly, sir, but between possibility and reality is all the region of
the infinite. Indeed, I may say that it would be a great piece of good
fortune if the Crown were to lose largely on the first drawing."

"A piece of bad fortune, you mean, surely?"

"A bad fortune to be desired. You know that all the insurance companies
are rich. I will undertake to prove before all the mathematicians in
Europe that the king is bound to gain one in five in this lottery. That
is the secret. You will confess that the reason ought to yield to a
mathematical proof?"

"Yes, of course; but how is it that the Castelletto cannot guarantee the
Crown a certain gain?"

"Neither the Castelletto nor anybody in the world can guarantee
absolutely that the king shall always win. What guarantees us against any
suspicion of sharp practice is the drawing once a month, as then the
public is sure that the holder of the lottery may lose."

"Will you be good enough to express your sentiments on the subject before
the council?"

"I will do so with much pleasure."

"You will answer all objections?"

"I think I can promise as much."

"Will you give me your plan?"

"Not before it is accepted, and I am guaranteed a reasonable profit."

"But your plan may possibly be the same as the one before us."

"I think not. I see M. de Calsabigi for the first time, and as he has not
shewn me his scheme, and I have not communicated mine to him, it is
improbable, not to say impossible, that we should agree in all respects.
Besides, in my plan I clearly shew how much profit the Crown ought to get
per annum."

"It might, therefore, be formed by a company who would pay the Crown a
fixed sum?"

"I think not."

"Why?"

"For this reason. The only thing which would make the lottery pay, would
be an irresistible current of public opinion in its favour. I should not
care to have anything to do with it in the service of a company, who,
thinking to increase their profits, might extend their operations--a
course which would entail certain loss."

"I don't see how."

"In a thousand ways which I will explain to you another time, and which I
am sure you can guess for yourself. In short, if I am to have any voice
in the matter, it must be a Government lottery or nothing."

"M. de Calsabigi thinks so, too."

"I am delighted to hear it, but not at all surprised; for, thinking on
the same lines, we are bound to arrive at the same results."

"Have you anyb