Anadarko daily democrat. [volume] (Anadarko, Oklahoma) 1908-191?, 1910-10-21
M0Y7E GMZ0

OF tnOhe interesting DTOpOol- !
tons. just so far hidden by cir
cumstances from the public
gaze that, though nine men out
of ten I'm the other places would prob
ably be aware OF its existence, only
one out of ten would in all probability
have anything better than the haziest
idea of it's financial position and pros
poets, or could even give approximate
ly the current quotation of its shares.
Yet its prosperity depends TO the
very largest extent upon its British
customers, who go to break the bank
at Monte Carlo"-so much so that. on
a good French authority, the Banque
Henry Dupont OF Paris, the outbreak
Of the war I'm the Transvaal brought
down its dividend I'm 1S99-l900 from
275 francs TO 220 francs share; its
continuance the following year re
duced 1t still further TO 2l0 francs;
its after consequences kept It down TO
225 francs during l901.O2 and 1902-03,
and It was only in 10000 that It def
nitely regained It's lost way" and the
dividend amounted to 295 francs
In the middle Of the last century the
principally of Monaco had an area OF
1876 square kilometers. when, to avert
the consequences of an insurrectlon-
airy movement. the prince of Monaco
sold all his territory to France, save
one and one-half square kilometers, on
which Monaco and Monte Carlo now
stand, for 100000 francs. The bulk
OF the revenue of the principality hav-
ing disappeared with its taxpayers,
the prince adopted the plan then in
force in several German states Of raj
sing revenue by means OF a gambling
casino, and the Societe de Monaco was
formed for this purpose in 1861.
It's success was but moderate, until
It secured the services of NJ. Blanc,
past master in the art of conducting
this particular form Of business By
1871 1t had gained such a footing that
the prince was able to abolish all tax
alton in the principality. The prohi-
bition in Germany of roulette and
trente-et-quarante on January /, 1873
transferred the German gambling
clientele to Monte Carlo and confirmed
the success OF the Morocco company
This success, thoui subject to GER
tain fluctuations, on the whole has
been very great ever since. The com
pany wa~ capitalized from the com
menceni,nt at 3O,000,000 francs, in co.
900 shares OF 500 francs each. and in
this share capital has never been in
creased since, but In 1899 power was
I obtained from the shareholders to
split th( shares into fifths-100 francs
normal-which has been done to a GER
tain extent, and the "ffths" are quoted
as well as the full share in the Marche
en- banque Of re Paris bourse. A de-
benture issue of 100000 francs in
300 franc bonds bearing four per cent.
interest net was authorized In 1898,
the redemption to be effected by an
nual drawings terminating in 1948. In
1898 10000 OF these bonds were sold
10 the public at 240-a very consider.
able discount, and in 1905 $4,000 more
were marketed at 2G5. They are now
quoted en- banque I'm the neighborhood
OF 305, and there are still 2G,700 un,
issued
The company is based, of course, on
a concession granted by the prince OF
Monaco 20 conduct the gaming casino
on certain terms of a period of sc
years. from 1863 to 1913: but in 1895
this term was prolonged by the prince
to 194S, on the company's pledging 1t
self to pay in cash to the government
OF the principality 100000 francs
Immediately and 100000 francs IL
1913; to execute certain public works
valued at 100000 francs. construct 1
new theater for 100000 francs ant
nav $4,000 francs for every perform
ance to go toward the chief actors
salaries.
A second prolongation till April 1
1858. took place last November, tn
additional burdens assumed by th'
company being to pay the prince o
Monaco three per cent. of the gros
annual receipts till 194S. and iron
194S to 1868 as much as eight pc
cent; to construct a road from Nc
naco to Nice, at cost of 10000
francs; to supply gas throughout tn
principality at 1s eentimes the cubi
meter, and TO appropriate 10000
francs annually to an employees per
sion guarantee fund.
From this 1t will be seen that tn
ne, charges which will press upo
Company for the next few year
md will have to be allowed for in ma
s.ang any calculations as to likehhnn