om the field of battle. M'Rae certainly has performed a
very singular part upon this occasion; he proposed to sell himself for
L.10,000; he would have had the Stock Exchange to believe, that he had
been let into the secrets of my Lord Cochrane, Mr. Cochrane Johnstone,
Mr. Butt, and Mr. De Berenger;--the first object he had in view, was to
persuade the Stock Exchange that he knew the whole of their concern in
the transaction. A pleasant sort of a gentleman, to ask the sum of
L.10,000, to induce him to tell all that he knew, when no human being
can doubt that all M'Rae knew was, that which has been proved by the
witnesses, as to Sandom, Lyte and Holloway, namely; that M'Rae was in a
chaise which passed through the City of London, coming from Northfleet.
This man, who has the audacity to propose the receiving L.10,000, turns
out to be a miserable lodger in Fetter-lane, who after he had carried
into execution the whole of his part of the conspiracy was rewarded--but
how? was he rewarded as he would have been by such wealthy persons as
the gentlemen whose names stand upon this record? If they had engaged
M'Rae in this scandalous affair, do you believe they would have left him
on the Monday morning, with nothing but a L.10 note in his pocket? It
appears, by the woman with whom he lodged, that he was before in a
state of abject poverty, and that afterwards he was seen with a L.10
note, and that he bought a new hat and a new coat--and this is the man
who proposes to receive L.10,000 from the Stock Exchange to tell all he
knew. Gentlemen, I think I am not very much deceived myself, if I say,
that you will be of opinion, that a man who was in the situation of
M'Rae, was not very likely to have known of transactions which would
have involved the four first defendants upon the record, in such a
serious prosecution as that under which they now labour; and it is not
the least singular part of his conduct, that he makes no defence to-day.

Now, gentlemen, you observe the manner in which (subject to my Lord's
correction) I put the defence of the three defendants for whom I appear.
I have stated to you, that Holloway and Lyte have admitted themselves
guilty of most immoral conduct, for I never can believe that such
transactions as these, let them be conducted by whom they may, are not
immoral in the highest degree. Holloway, at all events, has since done
all he can to make amends; he has confessed his guilt; he has come
forward with Lyte