Long division

Long Division

Long Division is so called when a long time is taken for the division of various sums, as in the case of the Deccan prize-money, or the Duke of York's debts. In these cases, various persons are placed in the state of longing —hence the name of the rule, which is a figurative exemplification of "hope deferred."

Rule I —Teaches to work an expected legacy or an estate in reversion, or a right of entail, with a "post-obit bond," cent. per cent. on a stiff stamen.

Rule II —Teaches how to wait  for a living instead of working for one. This is a hungry expectancy: yourself, in a consumption, with an interesting cough, preaching as curate to an admiring congregation principally composed of females, who bring jellies and jams, pitch-plasters, electuaries, and pills, "bosom friends," and other comforters, while the jolly incumbent, with his rosy gills and round paunch, writes you once a quarter to dine with him, to see how well he holds it.

Rule III. Chancery Long Division.—This is an exemplification of the "law's delay," and the rule is to be worked by giving the expectants the "benefit of a doubt," which is not quite so pleasant in Chancery as in criminal practice. The "Bidder" of this rule was John Lord Eldon.

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'