I
met Mr. Cochrane Johnstone as I was coming out of the Stock Exchange,
about a quarter before eleven o'clock; I received an order from him on
the Saturday to sell L.50,000 at one per cent. profit on the Monday, and
that I sold before I saw him on Monday; now it does appear very
probable, that the communication this person had made at Dover, might
have reached town before De Berenger, for it appears by the evidence of
Wright of Rochester, that he had been called up by a post-boy of his
brother's at Dover, who had probably brought before De Berenger's
arrival at Rochester, some of the news which De Berenger had announced
at Dover, for Wright of Rochester addresses him as a person whom he was
"_led to suppose_" was the bearer of some very good news; some such
cause appears to have operated, so that the stocks were at 29 early in
the morning; on the Saturday he ordered me to sell a certain quantity at
an eighth per cent. more; I sold the whole of it that day by his
directions, at 29, 29-1/8, 29-1/2, 30-3/4 and 30-7/8. I disposed of the
whole which Mr. Cochrane Johnstone held at one or other of those prices.

Then on cross-examination, he states Mr. Cochrane Johnstone's balance
on this and different days, and it appears that they had been dealing in
the funds, with a view to this particular day; for a length of time they
all had their hands full of omnium and consols; and the omnium having
obtained a price which would allow of a profit, all was sold, and the
object appears to have been as much to raise the price a little, so as
to get out without present loss, as to gain a profit; this is the
substance of the evidence of the different brokers, who all prove the
quantities of stock, and that they were both buyers and sellers; the
persons who were interested to prevent a depression, must feed the
market occasionally as a buyer, I should imagine, though I am not very
conversant in these things.

Mr. Baily then states in substance, what from an inspection of the
accounts, with which he states himself to have been furnished by the
several brokers, Hichens, Fearn, Smallbone, and Richardson, it turns out
had been the balances of the three persons, Mr. Cochrane Johnstone, Lord
Cochrane, and Mr. Butt, in the different speculation they had, which had
lasted for a considerable time; from the month of November, according to
Mr. Fearn, down to that day, and particularly from the 8th to the 21st
of February (the particulars of which are