"No more 'Beany' cartoons made their appearance. The Examiner wrote of all connected with the graft prosecution in terms of respect. But this repentance born of fear did not prevent Californians by the thousands stopping the Examiner. "The Cosmopolitan eulogy of Hearst in the graft-prosecution matter is a long line of known misstatements from beginning to end. "It is humiliating to have to record that a man of Ned Hamilton's talents could so debase them as to present in the light of a militant Paul of the graft prosecution one who was its most contemptible Judas Iscariot. "Regrettable indeed is it that "Poor Ned 'must torture his invention To flatter rogues or lose his pension.'" [274] After the failure of the Calkins syndicate its successors to the ownership of "The Globe," purchased the Post and combined the two in one publication under the name of Post-Globe. The policy of the paper was not changed. [275] The astonishing business conditions under which the Calkins Syndicate was conducted were brought out during the proceedings in bankruptcy. For example: The Union Trust Company, closely connected financially with the Southern Pacific Company, and the United Railroads, advanced the syndicate $175,000. To secure this loan, the Syndicate gave the Union Trust Company as collateral 1251 shares of the 2500 shares of the capital stock of the Sacramento Publishing Company, 150,100 shares of the 300,000 shares of the capital stock of the Calkins Publishing House, the majority of the capital stock of the Fresno Publishing Company, which published the Fresno "Herald" and bonds of the company publishing the San Francisco "Globe," valued at $30,000. This loan remained unpaid at the time of the Syndicate's failure. The stock of the Fresno Publishing Company sold under the hammer for $4,850. The 1251 shares of the Sacramento Publishing Company were estimated to be worth $51,000. The stock of the Calkins Publishing House was of doubtful value. The Union Trust Company, before the failure, released the Globe bonds without payment of the note or consideration of other security. This left the stock of the Sacramento Publishing Company, valued at perhaps $51,000, as sure security for the $175,000 loan. But this stock was curiously involved. The entire stock of the company consisted of 2500 shares of a par value of $100 a share. The corporation's property consisted of the Sacramento Union newspaper and the real property where the paper was published.