Oliver Wendell Holmes, Jr.

“ We see no reason for declining to follow the commonly accepted rule. The fact that the purchase of the ticket made a contract is not enough. A contract binds the person of the maker, but does not create an interest in the property that it may concern, unless it also operates as a conveyance. ”

“ St. Rep. 493, 118 N. W. 14; W. W. V. Co. v. Black, 113 Va. 728, 75 S. E. 82, 85; Shubert v. Nixon Amusement Co. 83 N. J. L. 101, 83 Atl. 369; Taylor v. Cohn, 47 Or. 538, 540, 84 Pac. 388, 8 Ann. Cas. 527; People ex rel. ”