The Red Cloud chief., 1883-11-09

n h death oil ". Blanc. tho pro-
moter Of the gaming tables nj Monte
Carlo. which occurred n few years azn.
THAT 81 Mime. Blanc franspirei IN
1851, the Casino continues To prosper
in the most surprising n Those
now interested in the undertaking are
the members Of the Blanc fam;iy-viz..
Edmond Blanc. son and heir. and the
Princes Radziwin and Roland Bona
parte. who married daughters Of VI.
Blanc. They are the prime pal share
holders; nevertheless. a few shares arc
said To BE- in the hands 81 the MAYOR II
Nice and other UNDERSTANDING function
aries Of that city.
There are three hundred Of these
shares. each n representing one hun
dred undivided parts. Each share nj
the outset was worth Jo.0Oofrancs: their
actual value - difficult to tell At ali
events, IL offered for sale they would at
tain q fabulous price, seeing the pbe-
nomeDal profits annually realized by the
roulette and card tables. Hitherto the
n Of the Casino have appeared 10
be satisfied with their annual profits.
which permitted the daughters of NJ.
Blanc To be lowered with 100000
francs each, irrespective Of the enor-
o revenue which fall. Ia the lot OF
each shareholder. But although not
openly debated. the idea Of n financial
coup has fora longtime been mcditatcd,
and the following is 4 rough outline of
the scheme:
The three hundred shares a. they now
stand Zone hundred undivided parts
each) are to bc converted into sixty
thousand coupures (tilereby doubling
the thirty thousand undivided parts).
and these coupurcs, or coupons, viii
then he offered 10 the public at the price
Of 1000 francs each. The operation IL
unqucstionably a bold one; neycrihe-
less. despite its fantastic proportions, il
will evidently find favor with the French.
And why not? The receipts for last
year amounted to 1900. 900 francs.
This project for converting the CAST
no of Monte Carlo into "A public affair
has been generally approved by the ac-
tual stockholders. NJ. Blanc's dignity
suffers from the fact that the source Of
his rcvenue is a gambling hell. Prince,
B%onaparte and Radziwill partake of
that view. aud would not lie loaih 10
sever their connection, once and for
ever, with the institution of Monte Car
10; above all. under such favorable All
spices, Prince Charles. on being appraised
of this resolution. was somewhat startled.
naturally drcading the revolution in
his affairs that such a%transaction would
entail. However. he was brought
around 10 the views Of the majority by
the judicious counsel of his father con
fessor, and was even led to take a more
decided step. He has given his consent
to relinquishing all further Intervention
in the ct nccrns Of Casino, and in return
for this abdicaiion his yearly pension
will be increased tn 1000. 900 francs.
The contemplated issue Of the new
shares may be expected soon. The
date OF issue will be settled at the next
meeting Of the shareholders, which will
take place i'm Paris.
The magnificent Cas- no Of Monte Car.
10 is annually visited by an average OF
$4,000 foreigners, who play more or
less at roulette or trente-ct-Juaranle,
and this number is steadily on the in
crease. The IMMUNITY with which gam
bling is carried on at Monaco may be ex-
planned by the fact that any attempt Ia
suppress il would Ice equivalent u
touching the prerogat,vcs of Charles
ILL.,. and any such departure would sus-
citate an international question:
which neither Of the neighboring pow
ers is inclined Ia open; a question
which. probably, would lead to serious
complications. Moreover. the indie
pendencc of the pr ncipality is fully as
sured by treaty. Cor. ". y. Tribune.