The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-28
GAMING At MONTE CARLO
PROFITS LAST YEAR FOR THE
TABLES AMOUNTED TO NEARLY
$4,000 900
MUCH sUBsIDnzING NEEDED
Still the Company Has Over 80, 0OO,-
600 for stockhoIders-Imp
BILE to Break the Bank
al Monte Carlo.


1ished report Of it's receipts and ex-
penditures. The report was delightfu;c1
obscure In most particulars but still
it gave an inkling Of the affairs of tho
great gambling corporation. Since the
year mentioned, however, no reports
whatever have been made public, and the
following information, obtained through
the assistance of director in the con-
Germ is the first opportunity the public
has had to obtain an insight into the
affairs of the Casino and prineipality
SAYS the Brooklyn Eagle
For the year ending March 81 the
gross profits Of the tables amounted to
Sd, 800, 600. Added to this sum the Casino
company has yearly revenue of $120,-
600 from hotel rentals, thus the gross in,
come for the year ending March 81 was
IS, 100000. The Casino, however, does not
pocket this amount, being obliged to
spend large sums at the princes dicta,
ton, who words the concession about as
he pleases. Note the demands made by
the prince on the purse of the Casino.
The maintenance of the prince and
principality cost the Casino last year
$660,0a0 In fact all of the expenses Of
the prineipality are borne by the Casino,
as there are scarcely any taxes, this be-
ing the one. place on earth where such is
the case The pay ment-zto his serenity
the past year was S256,aeG for the con-
cession, 100000 for government ex-
penses, Including the army. Army for
what? Ask the prince. It cannot be for
purposes of defense as It only consists CT
sixty men The next items In the ex.
pense account are $4,000 for lighting,
$55000 for fetes, prizes, etc. The ex-
penses of the Casino itself amounted to
SLIGO, 000, Of which $400,0e0 represents cost
of management, salaries to directors in
speetors, croupiers and the rest of the
personnel, which reaches tho astonish>
ing number of 5000 persons. Repairs
and maintenance cost $100 0J0, and as the
Casino and grounds occupy large part
of Monte Carlo, it is thus seen that re-
pairs and maintenance for Casino mean
repairs and maintenance for Monte Carlo,
which profits by all the good fortune OF
its mother. Grants to private indi-
viduals, pensioners and invaIids or bank
rupted persons, in which it is to be
presumed a great deal Of secret service
money is included, amounted to $4,000
Substituting the press, or paying tho
press to refrain from agitating in France
or elsewhere the question of suppreszing
the games, as well as paying newspaper
representatives to say nothing Of suIcide
robberies and other crimes committed
under their eyes and ears, cost the neat
sum of $120900. The theater and orchestra
cost $250,G00, and $25,e0o was expended
upon what is known as the Viaticuna,
which means the return fares home of
those unfortunateS who have left all their
worldly goods in possession of the Casino.
The expenditure for principality and Ca
sino amounted thus to $1,720,000 leaving
a balance of $4,000, 600 to be distributed
for the twelve months, including bonus
of S. a share, was $55 per share, par
value of the stock being $780, The shares,
however, are now quoted at $3.50 each, 50
that the dividend on present market
price was but per cent, which is not
very large return considering the pre-
carious nature of the business.
Under the terms of the new contract
recently signed by which the concession
is extended for fifty years, the expenses
are considerably increased. By these lat
ter terms the prince receives this year
100000 cash down, and $3.0G0,000 in 1918,
the date on which the old concession ex-
pires, the present and last one having
been signed thus far in advance because
the Casino company thought there was
danger Of their being oyerbid and made
arrangements accordingly. Further, dur
ing the period from 1907 to 1917, the an
nual grant to the prince is to be raised
from $25Oee0 to sS5O,0O0 per year, and in
the two following decades, to 100000 and
$45O, 900, respectively while In the next
ten years this princeling will draw $780,
600 per year from the Casino. In addition
the Casino undertakes to erect q new
opera house at a cost of 100000 or more.
Another clause in the contract provides
that the manager of the theater must be
allowed by the Casino $4,000 each for ten
special representations per year. This
clause, 1t is understood, was inserted at
the instigation of the Princess of Mo-
naco the wife Of the prince, who wished
to do honor to the work of the composer,
Isidore de Lara (who is really a Jew by
name Cohen), who has apartments In the
palace and is an intimate friend of the
princess. In view of recent developments
which have produced separation of the
prince and princess, Mr.. de Lara being
the cause of such separation, it is likely
that this clause of the contract will be-
come imperative.
All roads on the continent OF Europe
lead, It's said, to Monte Carlo, and Ger
tainly. all roads in Monte Carlo lead to
the Casino, witness In this the business
sagacity Of the management, or as 1t is
called, the administration" Without
doubt Monte Carlo juSiifies Its claim of
being the most beautiful spot on either
the French or Italian Rivieras and par
consequence, the Casino or fountain head,
is the most beautiful spot In Monte Car
L. Built of white stucco the building Is
fmbedded in grounds filled with palms,
rubber trees great as oaks flowers parti-
colored In all the Splendor OF selected
nature, artificial lakes and fountains in
which the lights of gold and silver flash:
Grecian semi circular benches, fashioned
efter shells and of charming grace, lawns
deepest of greens, thick as moss as soft
as the cheek of child All this beauty
rests upon q terrace which falls SheeS
to and raises itself above tho sea. The
! top Of the terrace Is edged with dainty