To create a pool, i.e., a common fund or stock.
1879. This general averaging, or as we may say “pooling” of advantages, which necessarily takes place where the exigencies of society require the simultaneous carrying on of the different modes of production, which gives to the possession of wealth incapable in itself of increase an advantage similar to that which attaches to wealth used in such a way as to gain from the element of time.—H. George, ‘Progress and Poverty’ (1881), iii. 166. (N.E.D.)
1910. “What did you say to Commissioner Ballinger?” “I told him I thought we could cancel all the Alaska claims; that a lot of prominent people had formed a pool, and that the evidence would prove it.”—N.Y. Evening Post, Jan. 31.
