Show OPTIONS and lottery so tar as we sec alic moral alil crenco between betting on a pure chanco tho numbers in a lottery for instance or the turn of abo dice and betting on a chance which h less to the experienced and the farsighted far sighted than to tho ignorant as totally inappreciable while capori anco seems to show that the latter is tho more attractive and therefore more dangerous of the two options arc beta anil aro as moral or immoral as lets aliat ii to say they aro things in themselves but produce very often bj force of their attraction highly al if tho stock dislikes that possibility let it prohibit option and not talk nonsense the special ein of unlicensed in offering them for sale the gambling that is for obtaining money without toil is rooted in na lure but we confess to a certain stir ariso at the leold which ahn stock exchange form of it jalcs upon intelligent men they never eem teem t to comprehend eliat they ej o not only betting but betting against adversaries ver saries being fronia of the shrewdest men in the world who do as a business aliat outsiders do as a pastime who pass their lives in m the turns of alio market and who whether individually more or acsa foolish than the speculator know collectively more than ho in most cosci possibly can they may bo beaten on aliis or that occasion by a man of special information or special acumen or by an accident but in alio long run hey must win and they do win or they would not keep the system up tin in the monaco hell do not invest their money on a alio commission to bo paid on even transaction operates exactly like alio pull of tho table in alio old daya of leazard and roulette and gives of itself an advantage to alio speculators indoors which is by no meant their only one they know a hundred stances ali icci tho outsider does not know and which attract hl chance ono of choso circumstances bo ang the important one tho amount ol 01 speculation already going on in aliat particular stock another tho kind ot men who am entering into it and a third whether tho play is with loaded decu or not the spectator au australian naturalist has discovered tho nervous system ot th pong cs |