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The Forty-Niners - A Chronicle of the California Trail and El Dorado by Stewart Edward White
page 118 of 181 (65%)
rarely mentioned except with the full designation--James King of
William. On his return he opened a private banking-house, brought out
his family, and entered the life of the town. For a time his banking
career prospered and he acquired a moderate fortune, but in 1854 unwise
investments forced him to close his office. In a high-minded fashion,
very unusual in those times and even now somewhat rare, he surrendered
to his creditors everything on earth he possessed. He then accepted a
salaried position with Adams and Company, which he held until that house
also failed. Since to the outside world his connection with the firm
looked dubious, he exonerated himself through a series of pamphlets and
short newspaper articles. The vigor and force of their style arrested
attention, so that when his dauntless crusading spirit, revolting
against the carnival of crime both subtle and obvious, desired to edit a
newspaper, he had no difficulty in raising the small sum of money
necessary. He had always expressed his opinions clearly and fearlessly,
and the public watched with the greatest interest the appearance of the
new sheet.

The first number of the _Daily Evening Bulletin_ appeared on October 8,
1855. Like all papers of that day and like many of the English papers
now, its first page was completely covered with small advertisements. A
thin driblet of local items occupied a column on the third and fourth
pages, and a single column of editorials ran down the second. As a
newspaper it seemed beneath contempt, but the editorials made men sit up
and take notice. King started with an attack on Palmer, Cook, and
Company's methods. He said nothing whatever about the robberies. He
dealt exclusively with the excessive rentals for postal boxes charged
the public by Palmer, Cook, and Company. That seemed a comparatively
small and harmless matter, but King made it interesting by mentioning
exact names, recording specific instances, avoiding any generalities,
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