Yes, in the context of the quote it means "the stump of a leg". The man is going to pretend to have a stump so that he can use a special false wooden leg. He will then go out and pretend to be a beggar, to get money from the public.
Thanks a lot.As you already know I'm new here and I didn't know the rules but thanks again for answering me guys;I do appreciate it.This dialogue,as someone said correctly,is from the movie Night and the City(1950) and this is the whole dialogue:Welcome to the forum, drangiana.
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