The Saint Paul globe., 1904-01-31
ENORMOUS SUMS MADE
! AT MONTE Carl O

4
! to the Sunny South with the idea
Of trying conclusions with the proprf-
etors of the famous bathing" company
of Monte Carlo apparently regards the
| Casino company as a species OF philan-'
| threpic institution, that has as Its object
the aggrandizement of the impoverish-
| ed. He usually lives to discover that
/ he is laboring under a misapprehension.
| Even the Informed gambler
rarely gives a thought to what becomes
of his "fiver' when having put 1t on
! impair" and an even number turning
up, the croupier garners 1t in. He says,
| in effect, so far as he is concerned, the
"bank" has won his stake, he Is 100
| shillings out of pocket. and that Is the
I end Of 1t. As matter of fact, the end
| of it is considerable way off; more
| over, he is not entirely e 5 out OF
| pocket, for, In addition to- the excite
nnent engendered by the, mere stalking
/ of the money, the Casino authorities
have provided him cut Of his lost stake
with a considerable number of luxuries
| that he has not paid for in any other
way.
The receipts Of the Casino company
! naturally vary from year to year. A
| great war, such as that in South
| Africa, bad times, or period OF ma
| tional mourning, will Immediately af-
| feet the receipts In a manner most dis
astrous, especially when this country,
one Of Monte Carlos chief clients, Is
| involved in the same. Prior to the war
| the receipts of Societe deS Bairrs de Mer
| ct du CercIe DIES Etrangers de Monaco
| aggregated over G1, soc, ,00a per annum
| in more than one twelve months; but of
late years the gross receipts have been
rather over 6 500, eco. "a In 1889, however,
when the e 20 original shares were
worth about e 172. the total earnings Of.
| the tables ran into seven figures
(s1, 1854, 2S0J, and suffIced to pay a div
| tdend of G10 per share; the previous
year, by the way, saw the gross re-
| ceipts amount to about 6 $4,000 more
| than the sum mentioned, while the, year
| following showed falling off Of nearly
| 100000. In the year ending April,
1901, the receipts amounted to e 955, zoo,
| but notwithstanding the decrease on
| the previous years showing the share
holders received return of 51a per cent
on the market value of their property.
It has been put on record that the
banks profits only amount to per cent
of the sums staked at the tables IL this.
| Is really the case, as Is probable. IT
| amounts to this, that the company for
douceur Of between e 100000 and
Ell ,000, 900 receives a39,0e0,000 from
the public IN stakes lost, and distrf-
butes e 29, 100000 among those votaries
OF the fckle goddess who are in luck'S
way.
It must not for one moment be i'm
agined that the said e 100000 repre-
sents net profit, for, as a. matter of
fact, the. reality Is far from showing
this to be the case, as Wilt be appar-
ent from a glance at our diagram
where the column of coins depicted Is
divided up into sections, showing the
proportions Of the gross receipts allo-
Gated to dividends and to the principal
of the various items of expense in CON-
nection with the administration of the
Casino.
From every 100 shillings Of gross
profit, for instance, Prince Albert Of
Monaco. who was recently granted a
new concession for a very valuable
consideration. takes IS sgd, while In
addition his army OF 125 men, hts po-
lice, law courts and government re-
eeive grant Of Is I'd, these two items
accounting for about 990, 600 per an
mum. For the lighting of the princf-
pality and for its water supply there
Is allotted Is Id, while the bishops
salary (recently raised from e1,200 to
&2,090 per annuml, together with other
ecclesiastical and educational charges,
demand grant Of Is. Prizes for races,
regattas, pigeon shooting contests and
grants to carnivals will deplete the 25
Of gross profit by Is lloyd, and the
administrators salary Of 95,6e0 per
annun, plus a house, carriage and
divers perquisites. together with the
numerous expenses for other adninis-
trative purposes inseparable from an
establishment comprising 1903 per-
sons, will account for a further 12s Of
the said sum.
The wonderful gardens and the Pal
ace of Fine Arts will demand q. sub
vention of three shillings out of the
hundred, and the same proportion Gag
gregating e25s00) must be set aside
for what is euphemistieally described
as the publicity department-an
item of expense that Is unoff1cially des-