Smithfield Academy Lottery, 1820,
LOTTERY.
For the benefit of the Smithfield Academy.
THE subscribers having been appointed by an act of the Legislature of the State of North Carolina, managers of the above lottery; and having entered into bond for the faithful performance of duties; and the payment of all prizes according to law, now offer the public the following
SCHEME
1,400 Tickets at $5 are $7,000
1 Prize of $1,000 is ----------$1,000
2 Prize of 500 is----------------1,000
5 Prize of 100 is -----------------500
15 Prize of 50 is -----------------750
30 Prize of 20 is------------------600
165 Prize of 10 is --------------1,650
250 Prize of 6 is ---------------1,500
468------------------------------7,000
Subject to a deduction of 15 per cent. and not two blanks to a prize.
The managers trusting to the public spirit, which has hitherto and still ought to animate every town in support of education, upon which more than anything else, our national honor and independence depends, confidently hope that the patronage of enlightened individuals and the public at large will soon enable them to complete the sale of tickets, and the drawing of the Lottery.
The present scheme doesn not embrace the capital for which the managers have given bodn, nor does it contemplate to raise the sum authorized by law; yet as the expermient is untried, they have thought proper to propose the first class on as small a scale as possible, reserving to themselves the right of proceeding in future to one or two additional classes.
As soon as a sufficient number of tickets are disposed of, the drawing will commence, and the public will be notified through the medium of papers when the drawing has closed.
The prizes will be paid in sixty days after the drawing, and all prizes not demanded within one year from the drawing will be considered as forfeited for the benefit of the institution.
Sam'l Mitchner,
Thomas Rice,
M. Lloyd Hill,
Managers.
Smithfield, Johnston Co. N.C.
N.B. - If not drawing takes place within twelve months of the first day of March next, the purchase money is to be refunded for all tickets bought, when demanded.
---The Star, January 28, 1820
(Source: North Carolina Schools and Academies, 1790-1840, by Charles L. Coon, 1915, pg. 192-195)
