The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1891-11-04
Ar MONTE CARLO.
Tho Famous Gambling Place aiora Proa.
porous than Ever.

porous than Ever.
Lovpoy, Nov. st will interest
those who have moral scruplcs against
gambling, as we'll rs those who have
not and those who arc indifferent in tho
matter, TO know hat the ''soclehe
Anonyme dcs Bains do Mer OF du Corcl&
dcs Estrangers do Monaco" otherwise
the gambling company Of Monte Carlo,
far from being OH tho point Of chasing
shop are opening n new wing, in which
ten new roulette tables arctic be placed,
SO that In the height OF tho season there
will be ten roulette tables aud two
trcntc OF quatento In operation at the
Casino.
The shareholders OF tho company met
Yesterday, and their reports showed
that tho past year had bOen tho most
profitable OF any In the history OF the
society, the total receipts from tho gam
INK tables having amounted TO l,UU0,OO0
francs, or Si,200,OOO, This is an advance
OF $2OO,ON over tho previous year. not
wi%thstalding tho fact that in March
last somo half dozen plungcrg were
breaking the tables daily aud walked oil
with about 100000 francs. mn item
which, OF course, made Il p%erceptible
difference III the dividend declared.
now THE PROFITS ARE DISTRIBUTED.
Instead OF distributing 100000
francs among tho 10000 shareholders,
the directors we're only able to pay out
n little over II, 900. Each share
bears u fixed annual interest OF 70 for 8,
per cont upon the original value. This
IL paid after the October meeting, and
in April what is called the dividend is
declared, and the profits upon the
season are distributed accordingly. In
April last this amounted to
10 francs, which made tile total
revenue, per share, 100 francs,
which is at the rate OF 8 per cent inter
est upon the present value and IS
per cent upon Tic original value. In
1899 the total reyenuc was 40 francs,
and in 1889 1t was 100 francs. At tho
end OF the last winter season the shares
fell considerably, on account OF the
large winnings referred 10, but they
have 10Y recovered, and are quoted to-
day at 1000 francs, as compared with
100 francs ut this time last year. One
million francs iIu;c again been placed
10 the reserve fund, established five
years ago, with y view to the expiration
OF the concession in 1918, so that in
case it were not renewed the society
might DO able to liquidate its affairs and
reimburse its shareholders in full.
LIBERAL CONCESSIONS AND DnIDEs.
The amount set aside for working cx-
penses was therefore 9,000,0 600 francs or
$l,S0O,00 OF this $250,00 is paid Tor
the concession, though the correspond
ent OF the London Tunes says he is told
upon good authority hat Prince Albert
oil Monaco, whose hands are tied by the
contract made by his father with the
company, no longer touches this money,
but that it is spent upon the palace, in
completing the cathedral and in carry
Ing out other improvements in the
p~rincipNlity. Then $4,000 is placed to
the account OF publicity" which is the
term used by the managers Tor pay
ments to certain newspapers for their
tolerant attitude toward the concern.
The actual working expenses in
salaries to the immediate staff OF
croupiers, police and detectives, to the
theatrical troupe, the orchestra OF tho
Casino, and the like, amount 10 ron.
siderably over s 100000 4 year. The
balance is devoted 10 the expenses OF
the municipu! government Of the prin-
cipality, which the society is bound by
its contract TO pay.