Word: monaco
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Dates: during 1940-1949
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Stockholders of the Société des Bains de Mer et du Cercle des Etrangers à Monaco (Sea Bathing and Foreigners' Club of Monaco), which runs the Casino, got the news at a meeting in the Casino's ornate Salle Ganne, a floor below the gaming rooms. While gamblers tried their hand upstairs at roulette, baccarat, and trente et quarante, 70-year-old Chairman Alfred Delpierre explained how the odds had worked against the house...
...Monaco government, which owns 10% of the Société shares, had been no help, said Delpierre. It had backed union demands for higher wages while refusing to reduce its cut of 15,000,000 francs-some $125,000. (The Prince of Monaco also gets a cut.) The hard-pressed Société cut the work week, gave all hands a month's leave a year without pay, reduced the staff of 1,487 by lowering the retirement age. On their part, Monégasques blamed the Société for bad management and two poor...
Died. Princess Olga Radziwill, 60, wife of Prince Leon Radziwill of Nieswiez and Kleck, who owned an estate in Poland (until the Russian invasion in 1939) which was once larger than Belgium; in Monaco, where the couple lived in exile...
...Spain, Portugal, Monaco...
When wartime export controls expire in June, the U.S. will again be bound to grant licenses for arms export to any foreign government-Monaco or Russia-that wants to buy U.S. weapons. To end such promiscuous purchasing, President Truman last week asked Congress for a major amendment to the Neutrality...