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<head>Art. 20</head> <p> 13 <note> Annuity Notes</note></p> <p> <note>Comparison between<lb/> the preferred mode<lb/> of reduction, and<lb/> M<hi rend="superscript">r</hi> Pelham's</note> </p> <!-- the first paragraph has been crossed through in pencil --> <p> Now for the <add> parallel </add> comparison. <add> 1. Profit</add> Upon the Pelham plan<lb/> 2 1/2 Millions given to purchase the advantage: upon<lb/> the proposed plan, nothing. Upon the Pelham plan<lb/>2 1/2 upon a Capital of 58 Millions. at the <lb/> same rate what would it cost to reduce the present<lb/> mass of Stock Annuities a <gap/ | <head>Art. 20</head> <p> 13 <note> Annuity Notes</note></p> <p> <note>Comparison between<lb/> the preferred mode<lb/> of reduction, and<lb/> M<hi rend="superscript">r</hi> Pelham's</note> </p> <!-- the first paragraph has been crossed through in pencil --> <p> Now for the <add> parallel </add> comparison. <add> 1. Profit</add> Upon the Pelham plan<lb/> 2 1/2 Millions given to purchase the advantage: upon<lb/> the proposed plan, nothing. Upon the Pelham plan<lb/>2 1/2 upon a Capital of 58 Millions. at the <lb/> same rate what would it cost to reduce the present<lb/> mass of Stock Annuities a <gap/> times? including<lb/> or not including the 4 and 5 per cent, approving<lb/>them <add> to have been previously</add> reduced <foreign>gratis</foreign> to 3 per Cents.</p> 2 Dispatch. On the Pelham plan time employed<lb/> <del> upon the sa</del> in obtaining the consent <add> six months</add> though<lb/> supposing consent necessary, <add> even that</add> the time <add. far from being</add> was not important<lb/> for all purposes. On the proposed plan, no time<lb/> necessary for that purpose. On failure of such consent,<lb/> time of each <gap/> of the moving power,<lb/> one year: on the proposed plan, half an hour.</p> <p> 3. Certainty of success. On the Pelham plan, the <lb/> plan <add> success</add> dependant on the momentary state of the public<lb/> mind: requiring the concurrence and co-operation<lb/> and an immense multitude. On the proposed plan, <lb/> <gap/> not dependant on any body: <add> thing</add> as co-operation <lb/> requisite. More or less down <add> Within a given time</add> of course, according <lb/> to the means — according to the quantity of the moving<lb/> power: but a large quantity assured, and with<lb/> the smallest, something <unclear>done</unclear>.</p> <p> Mr Pelham, having <add> no effective <gap/> <gap/> already established</add> no money in hand to work<lb/> with, had nothing but borrowed money meaning <add. expected to</add> to be borrowed<lb/> for the purpose, to pay with <add> [+]2</add> <note> [+]2 Satisfied with Contract to reduce the interest, he left the capital as he found it.</note> M<hi rend="superscript">r</hi> Pelham having <add> by fourteen years of thrift</add> <lb/> given <add. provided</add> himself <add> with</add> a vast mass of money to work with, reduction<lb/> of interest and redemption of principal will go on at the same<lb/> time; and will be or cause and effect to one another.</p> <p><add> in</add></p> | ||
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Art. 20
13 Annuity Notes
Comparison between
the preferred mode
of reduction, and
Mr Pelham's
Now for the parallel comparison. 1. Profit Upon the Pelham plan
2 1/2 Millions given to purchase the advantage: upon
the proposed plan, nothing. Upon the Pelham plan
2 1/2 upon a Capital of 58 Millions. at the
same rate what would it cost to reduce the present
mass of Stock Annuities a times? including
or not including the 4 and 5 per cent, approving
them to have been previously reduced gratis to 3 per Cents.
2 Dispatch. On the Pelham plan time employed
upon the sa in obtaining the consent six months though
supposing consent necessary, even that the time <add. far from being</add> was not important
for all purposes. On the proposed plan, no time
necessary for that purpose. On failure of such consent,
time of each of the moving power,
one year: on the proposed plan, half an hour.
3. Certainty of success. On the Pelham plan, the
plan success dependant on the momentary state of the public
mind: requiring the concurrence and co-operation
and an immense multitude. On the proposed plan,
not dependant on any body: thing as co-operation
requisite. More or less down Within a given time of course, according
to the means — according to the quantity of the moving
power: but a large quantity assured, and with
the smallest, something done.
Mr Pelham, having no effective already established no money in hand to work
with, had nothing but borrowed money meaning <add. expected to</add> to be borrowed
for the purpose, to pay with [+]2 [+]2 Satisfied with Contract to reduce the interest, he left the capital as he found it. Mr Pelham having by fourteen years of thrift
given <add. provided</add> himself with a vast mass of money to work with, reduction
of interest and redemption of principal will go on at the same
time; and will be or cause and effect to one another.
in
