The chain-letter scheme is one of the few gambling rackets on a national scale which is not operated by professional gambling operators and from which they derive no profit. The chain-letter scheme and the Pyramid Club racket, which is basically the same, are simply other forms of lotteries. These rackets, as this is written, do not enjoy the national popularity which they did some years ago, but they keep reappearing, and if another variation of these get-rich-quick schemes sweeps the country again tomorrow morning I won't be the least bit surprised.
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The chain-letter idea is not new; it began sometime in the middle Ages when an uneducated population formed "good luck" chains, and it still retains this superstitious feature. The letters always promise that good luck will come to those who participate and bad luck will befall anyone who breaks the chain. It may be that women are more superstitious than men; the ratio of women to men participants in chain letter schemes is 5 to 1.

Some chain letters are started by honest people who believe that this is a method of getting something for nothing, but a great many of them are started by cheap crooks that have an angle. The principle of the chain letter and the crooked angle are both illustrated by the following incident. In November 1943 I had just returned to my home town of Fairview, New Jersey, after a tour of lecturing to GIs on gambling in a number of southern Army camps. I was having break• fast one morning in the Part view Diner with my friend Walter Scott, who has given me much assistance in my gambling surveys. An attractive blonde approached us, introduced herself and began to give us the chain-letter pitch. I'll call her Alice Blank; the name she gave us was equally phony.

She handed me a letter which I could have read back to her with my eyes closed; it was the standard form. I pretended to study it and then said, "Miss Blank, the letter tells you to contact five close friends. Why are you giving two strangers such a wonderful opportunity to make some easy money?"

'I'm a stranger in Fairview," she replied. "I don't know many people here and I thought you gentlemen would help me continue the chain because it is bad luck to break it." One line in the letter read:

"Good luck will come to those who continue the chain; ill luck will befall those who break it." As in all chain letters, a list of five names and addresses was given at the bottom of the letter and the recipient was instructed to send $1 to the person at the top of the list. Then he was to remove that name, add his own name and address at the foot of the list, make four additional copies of the letter and mail them to five friends.

The letter also explained that if no one breaks the chain, each person who adds his name to the list will eventually receive 3,125 letters; each containing $1, a total of $3,125, which is a nice, healthy return on an initial investment of one buck plus five 10-cent stamps.

Miss Blank had already typed up one original and four carbon copies of the letter with her name and address at the bottom of the list. Before she left the diner Walter and I and three other patrons had each accepted one.

As she went out, I said, "I'll bet five bucks she goes into the next diner or bar she comes to, and passes out five more letters."

"And I'll bet you," Walter grinned, "that she's carrying enough letters in that big purse of hers to last all morning."

We both won. We went outside, kept an eye on her and saw her go into a restaurant two blocks down the street. We hit the same restaurant a little later, talked to the cashier and found that Miss Blank had signed up five more customers.

'1f she signs up fifty suckers today," Walter said, "she has started fifty chains, and if everybody follows through, Miss Blank will get fifty times 625 letters, each containing a dollar bill, or $31,250."

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