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The debate between Anglicists and Orientalists in the 1830s had several distinct characteristics. The Anglicists had a desire to reduce the amount of money being allocated towards printing Sanskrit and Arabic texts. This indicates their preference for cutting back on the printing of these texts. However, it is important to note that this option is not entirely correct, as it does not mention the Anglicist`s preference for continuing to print in Persian.
On the other hand, the Orientalists had a different perspective. They advocated for stipends to be given to students studying Arabic and Sanskrit. This suggests that they wanted financial support to be provided to those pursuing education in these languages.
Furthermore, the option does not mention the establishment of a new Sanskrit College in Delhi, which was actually initiated by the Orientalists. This indicates their proactive approach in promoting the study of Sanskrit.
Therefore, the correct answer is option 3, which includes characteristics 1 and 3 only, but omits the mention of the new Sanskrit College in Delhi (characteristic 4).