CASINO, MONTE CARLO
MONTE CARLO CASINO, a famous spot in the smallest independent country in the entire continent of Europe, is the subject of one of the intaglio-gravure pictures illustrating “The Mediterranean.”
Monograph Number Three in The Mentor Reading Course.
PREPARED BY THE EDITORIAL STAFF OF THE MENTOR ASSOCIATION
MONTE CARLO, MONACO
It is a curious thing that the smallest country in Europe is also one of the most visited. This is the little independent principality of Monaco. Monaco is only about eight square miles in area; and it is two and a quarter miles long. The population of the entire principality is only 19,000.
Monaco—the city of Monte Carlo in particular—is so greatly visited for two reasons,—its charming climate and situation, and its gaming tables. It is an excellent health resort, but is world famous as a gambling place. It was in 1861 that a man named François Blanc obtained a gambling concession in Monaco for fifty years from Charles III. A stock company later got hold of this concession, and in 1898 it was extended to 1947, in return for a payment to the prince of $2,000,000 in 1899 and another payment of $3,000,000 in 1913. In addition to this Monaco obtains from the company an annual tribute of $350,000, increasing to $400,000 in 1917, $450,000 in 1927, and $500,000 in 1937. These great tributes make it possible for the inhabitants of Monaco to be entirely exempt from taxation.
In the principality of Monaco there are three cities,—Monaco the capital, Condamine, and Monte Carlo. At one time the towns of Mentone and Roquebrune belonged to Monaco; but they were ceded to France in 1861 for $800,000. The city of Monaco occupies the level summit of a rocky headland, rising about 200 feet from the shore. Here the prince has his palace.