The Peruvian Government are, of course, anxious to sell all that the world want, and are willing to pay for at remunerating prices. The Peruvian minister, in reply to the Secretary of State at Washington says:--"The Peruvian Government, in leasing out its rights and interests, as a proprietor of the article, adopted the only system that was supposed likely to create a demand for guano; while, on the other side, it was bound to leave the consignment as security, in the hands of those persons who had hazarded their capital in meeting the heavy expenses attending the process of freighting, and in making the advances which were required to facilitate the exportation and construct the depots. Far from establishing a selfish monopoly, which would have proved injurious to its own interests, or fix a high, deliberate, and conventional price upon the article, it has only aimed to secure a net profit, reduced to the lowest possible standard, exceeding very little the actual amount of expenses; and there have been accounts of sales rendered exhibiting both loss and damage. "The guano, therefore, is not monopolized; the government as the proprietor, has forwarded it, on its own responsibility, to those markets where it was in demand; selecting as consignees, as it was natural and proper it should do, those persons or houses who have advanced the capital necessary to defray the expenses; and, as these are much greater in all cases of remittances to England, and it follows that the sale of the article in this country is at the rate of ten pounds sterling per ton, the net profit has been less than what is realized in the United States, where the farmers obtain it at lesser prices. Nor has my government imposed any restrictions, duties, or determinate value on the exportation of guano, although it might and could do so with perfect propriety; because such action would have militated to the detriment of its own interests as the proprietor of the article. Its object has been to send it to those markets where it was in demand; because, as it had not yet become an object of decided and positive interest to the consuming world, and there being no certainty of its attaining saleable prices, to create a market as it was impossible for individuals to send to Peru for supplies, with any prospect of even moderate profit."