) is
| large.  But, whether a gambler plays in this way or any other,
| the same thing is true, namely, that if [he] plays long enough
| he will be sure some time to have such a run against him as
| to exhaust his entire fortune.  The same thing is true of an
| insurance company.  Let the directors take the utmost pains to
| be independent of great conflagrations and pestilences, their
| actuaries can tell them that, according to the doctrine of
| chances, the time must come, at last, when their losses will