A generalized Laplace transform approach is developed to study the eigenvalue problem of the one-dimensional singular potential V = -e2/\x\. Matching of solutions at the origin that has been a matter of much controversy is, thereby, made redundant. A discrete and non-degenerate bound-state spectrum results. Existing arguments in the literature that advocate (a) a continuous spectrum, (b) a degeneracy of energy levels as a result of a hidden O(2) symmetry, (c) an infinite negative energy state and (d) an impenetrable barrier at the origin are found to be untenable. It is argued that a judicious use of generalized functions, coupled with some classical considerations, enables the conventional method of solving the problem to recover precisely the same results which are shown to be in accord with an accurate semiclassical analysis of the problem.