Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1899-05-11
MONTE CARLO.

The accounts Of the casino at Monte
for the year ended March Fl have
been closed, but the world is none
the wiser touching the colossal expendi-
lures of his far-famed principality OF
Midas. 1t is an exceedingly difficult mat
ter to gain access to the balance sheet OF
the Casino company, as no
is given the public, and only sharehold-
ers of $3.50, 900 worth of stock are allowed
to be present at the meetings. A direc-
tor of the establishment, however, has
been good enough to furnish me with
facts which are indisputably accurate.
When the books were closed the receipts
for the year We're found to be more than
5000, 900 in advance of those of the pre-
vious year, the total netted from the
tables amounting to "a. 900, 900, the rental
of the Hotel de Paris and the cafe $780,
000-a total income of $5,O 20, 900.
Considering the numerous complaints
respecting the badness of the season from
specified causes this increase is remark
able, but the solution lies in the forma-
ton of the private club" Before this
innovation the books up to January
showed a falling off for the year of $780,
600, but the proceeds of the high GAM
bling after the usual hours raised the
total by double the amount of the deficit.
Figures are dry, but these figures are
eloquent of the devil-may-care, money
getting life of Monaco
Total Receipts
Income from tables for the year 81, 900. 900
Rent from hotel and cafe ........ 100, 900
Total income IS, 020, 1000
And this is the way the money vas
spent:
Maintenance of Prince and Principal
To Prince Albert of Monaco for
concession ...... 80. ..........$ 5O,OOO
Additional grant for army" pO-
lice, law courts and expenses
of government" ....... 100, 900
works and roads ........ 1880
Lighting ...... $1,000
Water supply IL, 900
Grants to bishop, clergy. con-
vents and educational institu-
tion ....... As. 900
Gifts to charities on the Riviera $4,000
Prizes for pigeon shooting, re-
gattas, races, carnivals and
fetes ........ ................. $4,000
Printing account, official "jour-
nal," etc 10000
| Official warehouse ............. $500
State baths 10000
Loss on Monte Carlo postoffice.. 10000
1OldA ............... ....@ O0U,UOU
Maintenance of the Casino
Cost Of management, salaries Of
directors, inspectors, crouplers
and personnel 1900 p~ersons). s 400, 900
Firemen and police .......... 40. 600
Terraces and gardens .......... As 1000
Repairs, maintenance Of build
ings and depreciation ........ 100, 900
Lighting and heating .......... 100000
Grants to private agents" PEN
sioners and other parasites.... so, OOO
The "viaticum," sending home
broken players ............... 5000
Publicity (press subventions).. 12O, 900
Cost of theater and orchestra. $50, 900
Total .......... $1,o7o,o 900
Add cost Of prince and principal
Ivy ....... 65O,UU
Grand total 81, 720, 900
1t will be seen that the casino is run at
a profit. The dividend is divided thus:
Dividend upon $4,000 shares at
$50 a share, plus interest cou-
pom at S. a share ...:.......... So, 800, 000
Add maintenance of casino and
principality ........ ........... 1,720, 000
Iotal .......... .............. 80 ,O2O, OOC
The value of a share, which in 1884 was
$50, is now Eli IN the Bourse. The
shares stood at e170 on Thursday before
the dividend was announced. On Satur.
day they rose lie.
Holders Of original shares, like the
Prince of Monaco, who holds 1000, and
Camille Blanc, are receiving interest at
the rate of IS per cent.
The Prince of Monaco certainly Is as.
sured Of a good income, in spite of the
occasional successes of players "whe
break the bank" to the tune of SIS, 900 OF
$1OO, 0O0-and then lose it all. The prince
secures $3.50, 900 for the concession, his
shares bring in S87. 800. and his total in.
come Is certainly not less than $500, O0(
per annum. Added to this is the price
of the new contract-s5,O 900, 900. The for.
tune left by Prince Charles was $24, OOO,.
600, and the Princess Alice brought him
a dowry Of So, 900, 900, so at the present
moment the prince Of Monaco Is worth
nearly $40, 600, 900.