So now everyone who wants to gamble goes to Monaco. Whether they win or lose, the King gains by it. “You can’t earn stone palaces by honest labour,” as the proverb says; and the Kinglet of Monaco knows it is a dirty business, but what is he to do? He has to live; and to draw a revenue from drink and from tobacco is also not a nice thing. So he lives and reigns, and rakes in the money, and holds his court with all the ceremony of a real king.

He has his coronation, his levées; he rewards, sentences, and pardons, and he also has his reviews, councils, laws, and courts of justice: just like other kings, only all on a smaller scale.