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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 <gap/. 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.
<p. 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,
