Auguste Dreyfus (28 June 1827 – 25 May 1897) was a French businessman who made his fortune by financing the Peruvian trade in guano.[a] Dreyfus joined a small textile trading firm set up by three of his elder brothers and moved to Lima, Peru to act as their local representative. He became involved in the guano trade, and in 1869 signed a major contract with the Peruvian government that gave him a monopoly over exports of Peruvian guano to Europe.
With this he controlled the largest source of Peruvian national income.
The Peruvian government let Dreyfus act as their agent in managing their existing debt and floating new loans used for railway construction. The government ran into increasing financial difficulties. These were compounded by a war with Chile between 1879 and 1883 in which they lost their key guano-producing province. A lengthy series of lawsuits followed between the creditors whose loans were secured by guano deposits and the governments of Peru and Chile. The Dreyfus trading enterprise came to an end. He retired to France, where he owned a chateau in the country and a mansion in Paris that he filled with a major collection of art.
^Hollett 2008, p. 24.
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AugusteDreyfus (28 June 1827 – 25 May 1897) was a French businessman who made his fortune by financing the Peruvian trade in guano. Dreyfus joined a small...
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