How to Pronounce Auguste Dreyfus
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Jun 28, 1827 Wissembourg, Grand Est, France Died on 25 May 1897 (aged 69)
French businessman
CancerAuguste Dreyfus - Place of Birth, Date of Birth, Age, Wiki, Facts, Net Worth, Birthday, Biography and Family
Auguste Dreyfus, Date of Birth, Place of Birth, Family, Facts, Age, Net Worth, Biography and More in FamedBorn.com
About Auguste Dreyfus
- Auguste Dreyfus (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 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.
