Online Encyclopedia

POOL

Online Encyclopedia
Originally appearing in Volume V22, Page 72 of the 1911 Encyclopedia Britannica.
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POOL  . (I) A

pond, or a small
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body of still
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water; also a place in a
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river or stream where the water is deep and still,, so applied in the
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Thames to that
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part of the river known as The Pool, which reaches from below
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London
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Bridge to Limehouse . . The word in Old
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English was pbl, which may be related to pull or pyll, and the similar
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Celtic words, e.g . Cornish pol, a creek,
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common on the Bristol Channel and estuary of the Severn, on the English side in the form " pill." A further connexion has been suggested with
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Lat. palus, marsh; Gr. irgMs, mud, ; (2) A name for the stakes, penalties, &c., in various, card and other games when collected together to be paid out to the winners; also the name of a variety of games of
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billiards (q.v.) . This word has a curious
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history . It is certainly adapted from Fr. poule,
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hen, chicken, apparently a
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slang
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term for the stakes in a
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game, possibly, as the New English
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Dictionary suggests, used as a synonym for
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plunder, booty . " Chicken-hazard " might be cited as a parallel, though that has been taken to be a corruption of " chequeen," a form of the
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Turkish coin, a sequin . When the word came into use in English at the end of the 17th century, it seems to have been at once identified with " pool," pond, as Fr. fiche (Eicher, to fix), a
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counter, was with "fish," counters in card games often taking the form of " fish " made of
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mother-of-pearl, &c . " Pool," in the sense of a common fund, has been adopted as a commercial term for a combination for the purpose ,of speculating in
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stocks and shares, the several owners of securities " pooling" them and placing them under a single control, and sharing all losses and profits .. Similarly the name is given to a form of trade combination; especially in railway or
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shipping companies, by which the receipts or profits are divided on a certain agreed-upon basis, for the purpose of avoiding competition (see
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TRUSTS) .

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