The Wellington enterprise. [volume] (Wellington, Ohio) 1867-188?, 1883-11-07
Monte Carlo.

Since the death of M. Blanc. the pro-
moter of the gaming tables at Monte
Carlo, which occurred a few years ago,
Chat of Mime. Blanc transpired, in
1881, the Casino continues to prosper
in the most surprising manner. Those
now interested in the undertaking are
the members of the Blanc family-viz.,
Edmond Blanc, son and heir. and the
Princes Radziwill and Roland Bona
parte, who married daughters of NJ.
Blanc. They are the principal share
holders; nevertheless, few shares are
said to be in the hands of the Mayor of
Nice and other Understanding function
aries of that city.
There are three hundred of these
shares, each one representing one hun
dred undivided parts. Each share at
the outset was worth50, 900 francs; their
actual value is difficult to tell. At all
events, If offered for sale they would at
tain q fabulous price, seeing the phe-
nomenal profits annually realized by the
roulette and card tables. Hitherto the
owners of the Casino have appeared TO
be satisfied with their annual profits,
which permitted the daughters of NJ.
Blanc to be lowered with 20, 900, 900
francs each, irrespective of the enor-
nous revenue which falls tosthe lot OF
each shareholder. But although not
openly debated, the idea of financ. al
coup has for long time been med tated.
and the following is rough outline OF
the scheme:
The three hundred shares as they now
stand Zone hundred undivided parts
each) are to be converted into sixty
thousand coupures (thereby doubling
the thirty thousand undivided parts.
and these coupures, or coupons, will
then be offered to the public at the price
of 900 francs each. The operation is
unquestionably a bold one; neverthe.
less, despite its fantastic proportions, il
will evidently find favor with the French.
And why notP The receipts for last
year amounted to 10, 200. 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 revenue is gambling hell. Princes
Bonaparte and Radziwill partake oil
that view, aud would not be loath to
sever their connection, once and for
ever, with the institution of Monte Car
10; above all, under such favorable au-
SptCco- II IluCc SndTlcS, ,Ou DclIl2 dppTlScu
of this resolution, was somewhat startled,
naturally dreading the revolution in
his affairs that such a transaction would
entail. However, he was. brought
around to the views of the majority by
the judicious counsel of his father con.
fessor, and was even led to take more
decided step. He has given his consent
to relnquishing all further Intervention
in the concerns of Casino, and in return
for this abdication his yearly pension
will be increased to 1000. 900 francs.
The contemplated issue of the new
shares may be expected soon. The
date of issue will be settled at the mex
meeting of the shareholders, which will
take place in Paris.
The magnificent Cas-: no of Monte Car
| 10 is annually visited by an average o.
| 500, 600 foreigners, who play more ol
less at roulette or trente-et-quarante
and this number is steadily on the in,
crease. The impunity with which gam
bling is carried on at Monaco may be ex
planned by the fact that any attempt tC
suppress it would be equivalent tc
touching the prerogatives OF Charlie:
Ill. and any such departure would sus
citate an international question, '
which neither of the neighboring pow
ers is inclined to open; question
which. probably, would lead to serious
complications Moreover. the indie
pendence of the pr ncipality is fully as
sured by treaty.-Cor. N 7. Tribune