I tried to get into this one, I really did, but I found I just couldn't stay with it. I enjoyed it's tongue-in-cheek attitude and some of its over-the-top imagery, but I there was a lack of vigor in the narration and a lack of period accuracy in some of the language that kept me from really getting into it.
First, I thought the framing did little to help the story. I know the "White Street Society" (har har - a little racist pun, perhaps?) is used to frame a series of these stories, I just don't felt it added anything. If anything, it slowed the narration down.
(1) As "pulpy" as this story may have been, I would have preferred to see even more "front-loading" in it. The framework describing the "hairy ghost" did not draw me in. Contrast this with the intro to "Horror at Red Hook" where we are told quite clearly that a once proud man was reduced to an insane wreck. In a story like this, where it's being told clearly after it had happened, I would have liked a little more teasing about the horror at the end - and a little less drawing room chatter.
(2) I actually felt this wasn't over-the-top enough to be truthful. Not that I had a problem with all the "-isms" in this piece (racism, sexism etc.), but I think playing the humor even harder would have softened the blow. I really wanted the narrator to say "Yes gentlemen, it was even more ghastly than the floating head of Kraka-duzm!" and someone to shout "Preposterous!" as their monocle pops out.
(3) I didn't note them all, but the language grew dangerously modern in some areas. "revealing her gross anatomy" is not as period as "her grotesque anatomy."
Finally, everyone who thought this was too "racist" (or whatever) needs to relax. It's a period satire and leaving that sort of stuff out would weaken it immensely. They are not likeable characters and their racism serves to make them look foolish, not actually encourage discrimination. I actually happen to be of Scotch-Irish descent and I laughed the whole time.
I was really very, very disappointed to see calls for censorship here of all places.