Rule IV.—Beside long annuities, there are also long dividends. For instance, in the case of Bamboozle, Humbug and Co. who lately declared the third and last dividend of three-fourths of a farthing in a pound, for the benefit of their creditors.
THE INSOLVENT TRAP.
"THE LAW BINDS, BUT THE LAW LOOSES."
RULE VI.
REDUCTION.
Reduction is properly the "art of sinking." It teaches us, according to Martin, to bring numbers to a lower name without altering their value. When numbers are brought to a higher name, it is called Reduction ascending, when to a lower, Reduction descending.
Reduction ascending is to stand high in your own estimation, from the convincing reason, that, as no one thinks anything of you, you ought to think something of yourself. The visit of the Queen to Edinburgh raised the baillies so high in their own estimation, that it took them three hours to get up in a morning.