Q. Is it not the practice for a man who wishes to gamble in the funds, to sell stock which he has not, when he thinks they will fall?
A. I know it is done.
Q. A man who thinks the stocks may fall, may sell stock he has not, to any person who thinks they may rise?
A. It certainly is done.
Q. Did either my Lord Cochrane, Mr. Cochrane Johnstone or Mr. Butt, make any such sales on that day to your knowledge, you having stated you were their Broker—do you know of their having sold on that day any stock which they had not purchased before?
Lord Ellenborough. Are you not putting this gentleman in a situation of peril?
Mr. Serjeant Best. If he admits it.
Lord Ellenborough. Why should you place him in such a situation to deny or affirm? This does not affect the charge.
Mr. Serjeant Best. I ask whether it was done by those persons?