Mr. Bayard acquiesced in the reference with the remark that anything that tended to bring the matter more fully before the country was satisfactory to him.

The resolution accordingly went to the Committee on Foreign Relations.

In the House Mr. Kasson, of Iowa, offered a resolution reciting that whereas, it is alleged, in connection with the Chili Peruvian correspondence recently and officially published on the call of the two Houses of Congress, that one or more Ministers Plenipotentiary of the United States were either personally interested or improperly connected with a business transaction in which the intervention of this Government was requested or expected and whereas, it is alleged that certain papers in relation to the same subject have been improperly lost or removed from the files of the State Department, that therefore the Committee on Foreign Affairs be instructed to inquire into said allegations and ascertain the facts relating thereto, and report the same with such recommendations as they may deem proper, and they shall have power to send for persons and papers. The resolution was adopted.

THE CLAIMS.

The inner history of what is known as the Peruvian Company reads more like a tale from the Arabian Nights than a plain statement of facts. The following is gleaned from the prospectus of the company, of which only a limited number of copies was printed. According to a note on the cover of these “they are for the strictly private use of the gentlemen into whose hands they are immediately placed.”

The prospects of the corporation are based entirely upon the claims of Cochet and Landreau, two French chemists, residents of Peru. In the year 1833, the Peruvian government, by published decree, promised to every discoverer of valuable deposits upon the public domain a premium of one-third of the discovery as an incentive to the development of great natural resources vaguely known to exist. In the beginning of 1830, Alexandre Cochet, who was a man of superior information, occupied himself in the laborious work of manufacturing nitrate of soda in a small oficina in Peru, and being possessed with quick intelligence and a careful observer he soon came to understand that the valuable properties contained in the guano—an article only known to native cultivators of the soil—would be eminently useful as a restorative to the exhausted lands of the old continent. With this idea he made himself completely master of the mode of application adopted by the Indians and small farmers in the province where he resided, and after a careful investigation of the chemical effects produced on the land by the proper application of the regenerating agent, he proceeded in the year 1840 to the capital (Lima) in order to interest some of his friends in this new enterprise. Not without great persuasion and much hesitation, he induced his countryman, Mr. Achilles Allier, to take up the hazardous speculation and join with him in his discovery. He succeeded, however, and toward the end of the same year the firm of Quiroz & Allier obtained a concession for six years from the government of Peru for the exportation of all the guano existing in the afterwards famous islands of Chinchi for the sum of sixty thousand dollars. In consequence of the refusal of that firm to admit Cochet, the discoverer, to a participation in the profits growing out of this contract a series of lawsuits resulted and a paper war ensued in which Cochet was baffled. In vain he called the attention of the government to the nature and value of this discovery; he was told that he was a “visionary.” In vain he demonstrated that the nation possessed hundreds of millions of dollars in the grand deposits: this only confirmed the opinion of the Council of State that he was a madman. In vain he attempted to prove that one cargo of guano was equal to fourteen cargoes of grain; the Council of State coolly told him that guano was an article known to the Spaniards, and of no value: that Commissioner Humbolt had referred to it, and that they could not accept his theory respecting its superior properties, its value and its probable use in foreign agriculture at a period when no new discovery could be made relative to an article so long and of so evident small value.

At length a new light began to dawn on the lethargic understanding of the officials in power, and as rumors continued to arrive from Europe confirming the asseverations of Cochet, and announcing the sale of guano at from $90 to $120 per ton, a degree of haste was suddenly evinced to secure once more to the public treasury this new and unexpected source of wealth; and at one blow the contract with Quiroz & Allier, which had previously been extended, was reduced to one year. Their claims were cancelled by the payment of ten thousand tons of guano which Congress decreed them. There still remained to be settled the just and acknowledged indebtedness for benefits conferred on the country by Cochet, benefits which could not be denied as wealth and prosperity rolled in on the government and on the people. But few, if any, troubled themselves about the question to whom they were indebted for so much good fortune, nor had time to pay particular attention to Cochet’s claims. Finally, however, Congress was led to declare Cochet the true discoverer of the value, uses and application of guano for European agriculture, and a grant of 5,000 tons was made in his favor September 30th, 1849, but was never paid him. After passing a period of years in hopeless expectancy—from 1840 to 1851—his impoverished circumstances made it necessary for him to endeavor to procure, through the influence of his own government, that measure of support in favor of his claims which would insure him a competency in his old age.

He resolved upon returning to France, after having spent the best part of his life in the service of a country whose cities had risen from desolation to splendor under the sole magic of his touch—a touch that had in it for Peru all the fabled power of the long-sought “philosopher’s stone.” In 1853 Cochet returned to France, but he was then already exhausted by enthusiastic explorations in a deadly climate and never rallied. He lingered in poverty for eleven painful years and died in Paris in an almshouse in 1864, entitled to an estate worth $500,000,000—the richest man in the history of the world—and was buried by the city in the Potters’ Field; his wonderful history well illustrating that truth is stranger than fiction.

THE LANDREAU CLAIM.

About the year 1844 Jean Theophile Landreau, also a French citizen, in partnership with his brother, John C. Landreau, a naturalized American citizen, upon the faith of the promised premium of 33⅓ per cent. entered upon a series of extended systematic and scientific explorations with a view to ascertaining whether the deposits of guano particularly pointed out by Cochet constituted the entire guano deposit of Peru, and with money furnished by his partner, John, Theophile prosecuted his searches with remarkable energy and with great success for twelve years, identifying beds not before known to the value of not less than $400,000,000. Well aware, however, of the manner in which his fellow-countryman had been neglected by an unprincipled people, he had the discretion to keep his own counsel and to extort from the Peruvian authorities an absolute agreement in advance before he revealed his treasure. This agreement was, indeed, for a royalty of less than one sixth the amount promised, but the most solemn assurances were given that the lessened amount would be promptly and cheerfully paid, its total would give the brothers each a large fortune, and payments were to begin at once. The solemn agreement having been concluded and duly certified, the precious deposits having been pointed out and taken possession of by the profligate government, the brothers were at first put off with plausible pretexts of delay, and when these grew monotonous the government calmly issued a decree recognizing the discoveries, accepting the treasure, and annulling the contract, with a suggestion that a more suitable agreement might be arranged in the future.