Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1878-09-27
4 FAcr WoRYH MOVING.

Peru, TO organize the Cnlnese dtNlpinat-
ic service III those countries.
FACT WORTH KNOWING.
\ Washington dispatch Of the 18th
says: Persons making subscriptions fol-
United States bonds through nation
al banks which are designated deposi
tories of the treasury, will do well to re-
member that if certificates Of deposit
are issued in the name of the sub
scribers and not in that of the bank the
subscribers, iii the event Of the
failure of the bank before
the bonds are received, will
have no claim on the government, and
will stand in the same relation towards
the bank as any other creditor. The
question has recently been raised, when
the authorities indicated that that
would be their ruling.
INCORRECT.
Statements have recently been
published to the effect that Mr..
Knox, comptroller Of the currency
in his annual report will recommend
the abolition of the 10 per cent restric-
ton of the national banking act. These
statements are erroneous, the comp
troller having always been strenuously
opposed to that proposition. This
scheme is advocated for, the most part
by southern representatives, who de-
sire to restore the old state banks, and
to make wildcat currency possible.
A BIG CLAIM AGAINST PERU.
Earlvn next session, says u Washington
special of the 10Th, congress will be
asked to lend the power of the govern
ment to aid John 9. Landreau, citi-
zen Of New Orleans, to collect Il
claim against the government Of
Peru involving Sl00.O00,00O Years
ago the Peruvian government en-
acted law giving to any individual
who should make discovery that
would increase the wealth of the coun-
try onc-third of all the value of such
discovery. Under this law Theophile
Landrcau. citizen Of France. devoted
himself to exploring for new deposits OF
guano for the purpose Of gaining the
reward. Aftcr twelve years of con-
slant labor he succeeded III making
very valuable discoveries, covering de-
posts Of guano from which the PERU
Wan government subsequcntlr derived
II revenue amounting TO about $780,
100000 With much difficulty Ian
dreau convinced the government that
his discoveries We're actually new, and his
right to the reward was acknowledged;
but as the sum was greater than Peru
could pay, he entered into an agree
ment to release the government for 4
stipulated sum. Before lie received his
reward revolution broke out and the
new administration repudiated the
claim During Landreaus eXplora-
tions and while confident of success
his means gave out ard his
brother, John G. Landreau, Of Louisi-
ana, advanced him the funds necessary
to carry out this scheme, on condition
that he should make over to him half
interest iii his prospective reward. This
WAS done, and thus John G. i.aadreau
became an equal partner with his
brother in the claim. About year
ago the claim was brought to the atten-
ton of the state department, but as it
was IN the name fTheophilc Landdreau
il was ruled that nothing could be done.
he not being II citizen of the United
States. The parties intend to appeal to
congress III the name Of John G. Lam
dreau, who is n citizen, having been ma
turalizcd by y court III New orleans
many years ago.