There followed no comment whatever. The next number, now
eagerly purchased by every one, was more interesting because of its
hints of future disclosures rather than because of its actual
information. One of the alleged scoundrels was mentioned by name, and
then the subject was dropped. The attention of the City Marshal was
curtly called to disorderly houses and the statutes concerning them, and
it was added "for his information" that at a certain address, which was
given, a structure was then actually being built for improper purposes.
Then, without transition, followed a list of official bonds and sureties
for which Palmer, Cook, and Company were giving vouchers, amounting to
over two millions. There were no comments on this list, but the
inference was obvious that the firm had the whip-hand over many public
officials.
The position of the new paper was soon formally established. It
possessed a large subscription list; it was eagerly bought on its
appearance in the street; and its advertising was increasing. King again
turned his attention to Palmer, Cook, and Company. Each day he explored
succinctly, clearly, without rhetoric, some single branch of their
business. By the time he had finished with them, he had not only exposed
all their iniquities, but he had, which was more important, educated the
public to the financial methods of the time.
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