Business & Finance: Statistical Thrills

For some months a lottery has been conducted, and thousands of tickets sold whose winnings are determined by the daily figures issued by the New York Clearing House relative to its exchanges and balances.

Ordinarily the statistics of the Clearing House appeared on the financial pages of the metropolitan papers along with other statistical information. They were of undoubted interest to bankers, brokers and financial specialists generally; but the rank and file of the public never exhibited any particular interest in them.

Then the lottery managers started. Soon they had a large clientele of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!