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With the creation of the Korvosan monarchy, the magistrates and their bureaucratic underlings managed to justify their existences to the city's first king, Eodred I. Today, city hall houses twenty-three magistrates, with a combined staff of nearly a hundred. Most Korvosans suspect that the entire purpose of city hall is to waste the time and money of the city's people. The three most prominent magistrates are the Magistrate of Commerce (the most hated man in Korvosa), who oversees the collection of taxes, the Magistrate of Expenditures (one of the best-loved men in Korvosa), who spends the money collected by the Magistrate of Commerce, and the Magistrate of Regulation, who maintains fixed weights and measurements, ensuring everyone within the city may operate on a level playing fields.