The prince, in return for the gambling concession, has been getting an annual income of a quarter of a million dollars and all the expenses of running the State of Monaco, including the maintenance of the army and the royal palace. He recently granted a further contract to the "Monaco Sea-Bathing Company," or to give the gambling concerns the full title "La Societé Anonyme des Bains de Mer et Cercle des Etrangers à Monaco." This concession now extends to 1947, and the annual income of the prince has been raised $100,000. Every ten years it will be raised an additional $50,000. In six years time the Casino will also have to pay him a lump sum down of $3,000,000. It is stated that the prince of Monaco is by no means in favor of the Casino, and that he abhors the gambling and the consequent scandal in his state, and that could he do so, he would at once stop it. But in the old original contract it was agreed that the concession should be extended to 1947, and the prince is not rich enough to break this contract and pay the indemnity which the law would quickly assess. GAMBLING KINGS GO BROKE; OFTEN DIE IN THE POORHOUSE. Some one has advanced the statement that every human being is a gambler at heart. Yet for a man to go into the business of establishing a card gambling house under modern conditions is to attempt one of the riskiest businesses in the world. Recently one of the most noted gaming-house keepers in the country seems to have suggested a further anomaly in the situation in his utterance in a court of record: "When I conduct a house on a 10 per cent basis of profit it is only a matter of time until my steady patron 'goes broke.'" In the face of this statement, however, the innocent layman may be still further at sea when it is recalled by old habitues of the gaming table that nearly every gambling king of modern history has finished close to the poorhouse and the potter's field! How is it possible that the gambler with the insidious, certain 10 per cent which inevitably wrecks the man who goes often enough to the green table almost invariably dies in poverty? MUST HAVE FORTUNE TO INVEST. Today it is the gambler king who at least has an ephemeral show to gain fleeting riches. But in order that these riches shall approach riches as they are measured in other businesses, the man who opens the gambling house must have a fortune for the investment. His outlawed business itself will make it certain that he pays the maximum rental or the highest price for the property which he chooses for occupancy. To sustain this he will need to seek out the wealthy patron who not only has money to lose, but who may have a certain influence which may tend toward immunity for keeper and player alike. The "establishment" will need to have the best cuisine and the best cellars, with palatial furnishings and a retinue of servants in full keeping.