The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-01-19


from the concession. he gets revenue upon
500 shares. ard, az Gs per share, his pro
NJ amounted last year 20 E+eoo0. and this
year 70 &s-.9oe. He also realizes co1sid-
cradle SUIT from the issue Of golden plaques
OF 100 francs. These are struck for him D.
tbs French mint ar cost OF 81 francs
each. 50 that his serene highness realizes
g 81 upon every piece put into circulation
They are only current in the prtncipal-ty.
BIZ. hundreds OF visitors take them away as
souvenirs Altogether, the income OF the
Prince OF Monaco cannot be less than
Sl5o0o9 year. Prince Charles. who was
urser, left much accumulated wealth.
and the Princess OF Monaco Is a very rich
woman.
There are no rates ard taxes IN Monaco
that Is. not for the natives. Happy Mon
egasques' The Casino Company divides
nearly Efo.eeo per annum between the
treasury Of the government and that OF the
municipality. The balance required for
state and municipal expenses IS raised IN
customs duties levied upon wines and
other Injuries chiefly used by visitors in
the hotels; from stamps and payment for
certain monopolies which exist In the prin-
clpaiity. The prince pays nothing from the
pr1yy purse. except the bare cost Of the
maintenance OF his palace and the salaries
or the Few persons who constitute the
'prtncely household" The bank pays the
rest OF the functicnarles. from the COVER
nor general OF the principally and the
commander IN chief OF the army % down
TO the nuisance inspector and the digger OF
a suicides grave. None Of these officials
can ba chosen without the consent OF the
all-controLling tripot. SO with the council
OF state, the judges. the mayor and mu-
nicipal council. the board OF public works
and the Ike. .
The sum OF s12. e00 Is now considered SUI
fcent for the maintenance OF the "army''
OF Monaco. The policy OF retrenchment
has even been applied 20 this glorious COM
pany or soldiers Of fortune: its strength
mas been reduced 20 a dozen men during
the last year. while economies 10 the ex-
tent OF 42e00 have been effected in sts
maintenance. Bishop and clergy.
and the religious and educational institu-
tons also look 10 the gambling tables for
the wherewithal 10 carry on their work IN
the principally. Strange anomaly that the
bank should hand over $1,000 per annum
for the propagation OF moral principles
directly opposed to the Indulgence OF those
passions which keep the doors OF the Ca
sino open! Justice is one OF the least ex-
pensive stems, $4,000 covering the cost OF
courts, judges and officials. Under a treaty
with France. all important civil and appeal
cases are heard in Paris. Cases In which
foreign visitors are concerned, or any dis
putes arising out OF the gambling are gent
orally settled out OF court" by the police
commissar!es IN the most arbitrary fash
Ion, so as 10 stife unpleasant incidents and
prevent their publication IN the papers.
When the new company was formed n
was decided TO establish a reserve fund, 10
which 100000 francs (e400o0) should be
contributed every year until 1918, so that
when the concession expires the company
VIII, II necessary. be in a position 70 reim-
burse its shareholders. and that with pro-
mt The "societe" viii then be worth not
nvsfx sha
snare capital, but the accumulated inter
est OF thirty years. as we'll as the Casino
buildings, hotels. villas and other property
Now we reach the item OF eS5000 repre-
senting the salaries OF the manager and
higher functionaries of the Casino Up to
March last the acting manager was NJ.
Bornier. who rose" 70 the position from
that OF cropier. The post was worth
5000 per annum. NJ Bornier vas the
nominee and representative OF the Blanc
power which has been on the wane for
some time past. and his deposition last
May marks a completely new era in the
management OF the concern. Three or four
years ago N. Edmond Blanc decided to get
rid or the bulk OF his shares in the COM
pany: boom" was consequently created
on the Paris market, and the price Of the
shares rushed up 10 Sl00. Prince Roland
Bonaparte and Prince RadztwilI followed
suit. Most OF these shares were bought up
by syndicate OF Paris bankers, who have
now got the majority in their hands The
syndicate was represented az the last meet
Ing Of the shareholders, on April 30 last by
NJ. Custot and NJ. ]. Il. Grebert-Brognts
and with proxies they held they were able
20 carry through all their schemes for re-
modelling the management. The chancellor
OF the excheQuer OF the prince was not al
lowed TO attend the meeting, for the first
time in the history OF the COMPANY. and all
interference. on the part OF his serene high
ness was tabooed a. the outset Count
Bertora, who had been all-powerful for a
quarter or a century abstained from at
tending. in view of the sweeping changes
which ne knew were TO be effected. The
council OF administration. over which he
presided. and the council OF surveillance.
or which NJ. Bornfer was chairman were
altogether suppressed ard replaced by a
single council-the "conaeil uuique"-cor-
posed OF holders OF not less than sc 600
worth OF shares, not less than four. and
not more than six 10 be elected these TO
have full powers and 70 be held responsible
for the management OF the company This
council OF six, who were elected for six
years (three OF them 20 be reelected every
three years., were gwen the power to name
one Of their number director general: 20
attend 70 daily current business: or they
may Introduce an attorney for this pur-
pose, who shall not necessarily be a share
holder. The number OF votes which auv
one member can hold at the meetings
ceased TO be unlimited The following were
elected 10 compose the first consedl unique.
Messrs Pledallu. Custot Grehert-B orrnis,
Baltagi. SenechL de IA Grange and de
Jugne.
The members OF the council are 10 re-
ceive payment az the rate OF per cenr.
upon the profits of the tables-that IS
total OF about $500 per annun-and other
allowances for residence and personal ex-
penses. bringing the annual income OF each
% nearly s2O0o. NJ. Custot. who was ap-
pointed administrator general" was
granted other special allowances. which VIII
bring his total income TO 5000 a year.