Nowadays, popular cinemas have found an appropriate home on the boulevards, for it was at the Hetel Scribe, near the Opera, that the Lumiare brothers staged the first public moving picture show in 1895.
The first public moving picture show was at the Hetel Scribe.
This is another way of saying that in the last 30 years, the people who owned America have lost 40 percent of their wealth held in the form of equity.