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1
The Before the time comes for paying off
either Stock Annuities or Note Annuities
the course to be taken mode to be pursued for that purpose will be
matter for consideration.
Shall it be
By what principle of discrimination shall
the masses of Annuity to be paid off within
each given portion of time, as the money for the
purpose comes in, be distinguished from the rest
Shall it be ind by selection of of persons? by
Shall it be in order determined by selection of
persons? — by in an order already deter predetermined
by chance — for example the alphabetical
order of the names of the Stockholders
in an order in which the decisions of chance
are obtained by measures specially taken for the
purpose? for example by in the way of talking? All these
courses not to speak of any others are not equally exb expedient but all
of them are equally consistent with the tenor
of the respective contracts as exhibited by the
letter of the several Acts of Parliament.
Leaving the boundless expanse of possibility
the most instructive as well as shortest course
will be to follow the narrow track of precedent.
In the instance of Mr Pelham's grand operation,
the reduction of 4 per Cent to 3-1/2 &
3, there was no solution: — there was no occasion
for it. — Vast as the mass was, + + upwards of 87 million his plan embraced,
(from