Deauville Bank Broke

Three weeks ago the baccarat syndicate, composed of two wealthy Greeks and an Armenian—Gregory Vagliano, Sographos and Condgmed-jian—lost 2,500,000 francs ($137,750.00); two weeks ago they lost 6,000,000 francs ($330,600.00); last week saw the coup de grÂce with a loss of 10,000,000 francs ($551,000.00) ; the bank was broken and the E Deauville Casino, for the first time in history, is in darkness at the height of the season. Lost — 18,500,000 francs; produced—nothing.

As usual, the cards of fate gave to the rich. In this instance, however, the...

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