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From: Webster's Revised Unabridged Dictionary (1913)

 Milk v. t. [imp. & p. p. Milked p. pr. & vb. n. Milking.]
 1. To draw or press milk from the breasts or udder of, by the hand or mouth; to withdraw the milk of. Milking the kine.”
 I have given suck, and know
 How tender 't is to love the babe that milks me.   --Shak.
 2. To draw from the breasts or udder; to extract, as milk; as, to milk wholesome milk from healthy cows.
 3. To draw anything from, as if by milking; to compel to yield profit or advantage; to plunder.
    They [the lawyers] milk an unfortunate estate as regularly as a dairyman does his stock.   --London Spectator.
 To milk the street, to squeeze the smaller operators in stocks and extract a profit from them, by alternately raising and depressing prices within a short range; -- said of the large dealers. [Cant]
 To milk a telegram, to use for one's own advantage the contents of a telegram belonging to another person. [Cant]