, 1817, at the Court of Queen's
Bench, fined L1,000, and sentenced ignominiously to stand one hour in
the pillory. This latter part of his sentence the Government was,
however, afraid to carry out, as Sir Francis Burdett had declared that
if it was done, he would stand beside his friend on the scaffold of
shame. To crown all, Cochrane's political enemies had him stripped of
his knighthood, and the escutcheon of his order disgracefully kicked
down the steps of the chapel in Westminster Abbey. For some years this
true successor of Nelson remained a branded exile, devoting his courage
to the cause of universal liberty, lost to the country which he loved
so much. In his old age tardy justice restored to him his unsoiled
coronet, and finally awarded him a grave among her heroes.

The ticket pocketing of 1821 is thus described by the author of "An
Expose of the Mysteries of the Stock Exchange:"--"Of all the tricks," he
says, "practised against Goldschmidt, the ticket pocketing scheme was,
perhaps, the most iniquitous: it was to prevent the buying in on a
settling day the balance of the account, and to defeat the consequent
rise, thereby making the real bear a fictitious bull account. To give
the reader a conception of this, and of the practices as well as the
interior of the Stock Exchange, the following attempted delineation is
submitted:--The doors open before ten, and at the minute of ten the
spirit-stirring rattle grates to action. Consols are, suppose, 69 to
69-1/8--that is, buyers at the lower and sellers at the higher price.
Trifling manoeuvres and puffing up till twelve, as neither party wish
the Government broker to buy under the highest price; the sinking-fund
purchaser being the point of diurnal altitude, as the period before a
loan is the annually depressed point of price, when the Stock Exchange
have the orbit of these revolutions under their own control.

"At twelve the broker mounts the rostrum and opens: 'Gentlemen, I am a
buyer of L60,000 Consols for Government, at 69.' 'At 1/8th, sir,' the
jobbers resound; 'ten thousand of me--five of me--two of me,' holding up
as many fingers. Nathan, Goldschmidt's agent, says, 'You may have them
all of me at your own bidding, 69.' In ten minutes this commission is
earned from the public, and this state sinking-fund joint stock jobbed.
Nathan is hustled, his hat and wig thrown upon the commissioner's
sounding-board, and he must stand bareheaded until the porter can bring
a