Sleepy, and must go to bed.
Thomas, Lord Cochrane (1775-1860), eldest son of the ninth Earl of Dundonald, a captain in the Royal Navy, and M. P. for Westminster, had done brilliant service in his successive commands—the
Speedy, Pallas, Impérieuse
, and the flotilla of fire-ships at Basque Roads in 1809. In the House of Commons he had been a strong opponent of the Government, an advocate of Parliamentary Reform, and a vigorous critic of naval administration. In February, 1814, he had been appointed to the
Tonnant
for the American Station, and it was while he was on a week's leave of absence in London, before sailing, that the stock-jobbing hoax occurred.
During the days February 8-26, 1814, it seemed possible that Napoleon might defeat the Allied Armies, and the Funds were sensitive to every rumour. At midnight on Sunday, February 20, a man calling himself Du Bourg brought news to Admiral Foley, at Dover, that Napoleon had been killed by a party of Cossacks. Hurrying towards London, Du Bourg, whose real name was Berenger, spread the news as he went. Arrived in London soon after daybreak, he went to Cochrane's house, and there changed his uniform. When the Stock Exchange opened at ten on February 21, 1814, the Funds rose rapidly, and among those who sold on the rise was Cochrane. The next day, when the swindle had been discovered, the Stocks fell.
A Stock Exchange Committee sat to investigate the case, and their report (March 7) threw grave suspicion on Cochrane. He, his uncle, Cochrane Johnstone, a Mr. Butt, and Berenger, were indicted for a conspiracy, tried before Lord Ellenborough, June 8-9, and convicted. Cochrane was sentenced to a year's imprisonment and a fine of £1000. On the back of the note for £1000 (still kept in the Bank of England) with which he paid his fine on July 3, 1815, he wrote: