The New York herald., 1875-12-12
PERU.

IhO.
> SEVERE BLOW TO THE FINANCIAL HOPES AND
EXPECTATIONS OF THE REPUBLIc-No TRADE
IN GuANo-DIsMAL DAYS IN LIMA--AN I'M
PoRTANT AMERICAN ENTERPRISE
LIMA, Nov q, 1878
This the saddest month in the year northern coun-
tres is generally enlyened in Peru by the presence OF
that old luminary whose worship affected by
the Inca people This season, despite the rays
OF the sun the present period Is than
nournfuI. The Commissioners abroad have failed to
Secure acceptable terms for the sale Of the
2 900 600 tons Of guano, and really
pleasant financial predcament Messrs Althaus a.
Rosas empowered by the government TO arrange the
Bale referred to- have terminated their abors
ln Paris the 9th Of August last the time liked for
lhe opening OF the bids but when that important day
arrived the Commissioners found themselves Obliged TO
regard il as holiday, from the painful fact that not
even one proposal for the purchase had been presented
Everybody fought shy Of Peru and Peruvian obliga-
Gons although there is debtor in the European
money markets that has scrupulously fulfilled her
dues TO her creditors for the last twenty years Peru
REASONS
The present disaster has overtaken her many and
hot particularly to the point, it is shrewdly sus-
Pected that personal influence and individual profit
have had large share in her discontinue. The So
eet6 Generae Of Paris offered TO buy the guano but
only with the condition OF attending TO the service OF
the foreign debt OF Peru interest and sinking fund.-
all amounting TO two millions and pounds ster-
tng but steadily refusing TO make the advances the
erticie bought stipulated for by the government here
ind absolutely requisite for the home expenditure
when the cable despatch from the Commissioners an
bouncing this unfortunate condition OF affairs reached
Mr. Pardo, he Immediately telegraphed back that the
proposition could not even be taken INTO consideration,
bnd that the government agents must seek some
charitable capitalist
bas been received yet but the President il Is stated
pn apparently excellent authority is hopeful that the
Same oetSs Gtnerae holder OF very large in Pc
kuvan will the NEGOTIATION and
soncede, II not all the accommodation asked tor, at
least sufficient to enable the Secretary Of the Treasury
10 tide over the ex istng financial difficulties
TIE SGLoPERUvTAS RANK OF LONDON,
N virtue Of previous arrangement is TO cover the
December next Meanwhile Lima
b the highest rocks that could financially speaking be
feierred TO or found.
CONSEQUENCES ON THE HOME MARKET
When the made public the effect was nstan-
kaueOus. Silver and gold coin, steadily tending down.
ward IL premium for the past two weeks i'm mediatey
rose from eight TO fifteen per cent; government bonds
pr rather, certificates OF Treasury Indebtedness, fell
pye per cent and the bank shares sufferers
u the general misfortune. Exchange on London low
bred from forty-two TO thirtysix pence per sol and
bhe shopkeepers lost time IN adding twenty-five per
Eent " the value OF their articles dc lure Fortunately
the price OF provisions has not been altered otherwise
lhe poorer classes Of the city would be sadly embar
tsssed
ONE OF rHR Mosr DISASTROUS CIRCUMSTANCES
offending the failure Of the Commissioners Is that from
lhe expected proceeds OF the sale the government had
promised The banks, in partly Tor their loan OF
from which the banks expected to be placed In posi-
tion to bring from Europe and from California
large quantities OF specie Now, Of course such ex-
pectation is OF the question. And moreover as
the banking institutions are Obliged, BY the decree Of
The Executive, 20
RESUME SPECIE PAYMENTS
pn the I'd OF next month they from this very imposs
billLy OF the President 70 funl his promises
will hnd themselves still with comparatively
emptv vaults after having increased Their circua-
Aon in order to furnish the government with
means TO pay OF some or its pressing obligations.
Possibly pleasing change may come over our
nream but Just at present Peru, with all her treasures
Of nitrate and guano Is disconsolate and destitute.
Ehe wniom enemies Of the Dreyfus contract Of pur-
chase Of 1862 by which the nation received thirty
Lhree hard dollars net for every ton Of guano admit
that such transaction II now Effected would be
6odsend 70 Republic But the shameful manner IN
which Dreyfus has been treated by the municipality
The and other authorities, has doubtless bad
powerful influence over the minds Of the parties IN
Europe making the last unacceptable proposal
THE ELRcTQRAL VOTE FOR PRESIDENT.
Tho Colleges OF Electors are hard al work General
Prado has trumphed according TO tho popular vote n
pearly all quarters but the electors, chosen on his
bCket do not evince the unaniny Of sentiment 70 bis
favor 70 be desired. The absence OF the General IN
Cni is also unfortunate and the squabbles between
Presidency, hessrs RyaAglero and Elquera threaten
BY Congress- and then simply becomes question oi
personal friendship or prestige If Montero happens
70 have moro admirers ii the legislative body than
Prado, or vce verga, will prove the result. II either
bad long purses the problem would be quicSly solved