When Arthur hears about the Yankee's plan to go around the country in disguise, he insists on coming along too—you know, because rooting around in filth and getting beaten by the local gentry is everyone's idea of a good time.
The Yankee says that he ought to tell the queen he's leaving, and Arthur gets depressed and says that the queen never notices him when Launcelot is around.
Arthur then sees a group of patients suffering from the kings-evil, a type of skin disease that can supposedly be cured by the king's touch.
A gold coin is included with the touch, and some patients fake their illness just to get the money.
The Yankee replaces the gold coins with nickels, thus saving the treasury a huge amount of money.
As he waits for the ceremony to conclude, the Yankee hears a newsboy outside, hawking the Camelot Weekly, a newspaper he set up.
He buys a newspaper and reads. He's pleased by the look of the paper and the contents of the articles.
The monks ask him about it, and proclaim it black magic when he explains how a newspaper is made.
The Yankee's paper is passed up and down the hall, to his great satisfaction.