Peruvian bond stock, they contended was due to debt and military defeats. Britain refused to become embroiled; whereas the United States was spoiling for an international war. They secretly lobbied at Santiago against Russell and British interests to create a crisis. The Chileans "received with acclamation" in the City of London, assigning profits of Tarapaca mines and the nitrate-rich Guano Islands to the indebted bondholders. On this basis, Russell welcomed Chile's conquest of southern Peru. The Americans responded, to the alarm of the Foreign Office and Admiralty, by leasing the Peruvian port of Chimbote as a Naval base. Russell was more concerned with the financial implications for City investors. Wary of the risks of a proxy war, the bondholders urged Parliament to recognise General Yglesias, the new Peruvian leader. The Americans stubbornly refused to grant the new government of 1884 recognition of its international status, even after the Treaty of Ancon had ceased hostilities. He died unmarried on 13 April 1883 and was buried in the family vault beneath his family's transept (built in 1832) in the Church of England church of Swallowfield, Berkshire. He was succeeded in the baronetcy by his brother, George. References External links Location of grave and VC medal (Berkshire) Kidd, Charles, Williamson, David (editors). Debrett's Peerage and Baronetage (1990 edition). New York: St Martin's Press, 1990, 1826 births 1883 deaths Baronets in the Baronetage of the United Kingdom Grenadier Guards officers British recipients of the Victoria Cross British Army personnel of the Crimean War Crimean War recipients of the Victoria Cross Members of the Parliament of the United Kingdom for Berkshire Deputy Lieutenants of Berkshire People educated at Eton College People from Swallowfield UK MPs 1865–1868 UK MPs 1874–1880 UK MPs 1880–1885 Chevaliers of the Légion d'honneur Recipients of the Order of the Medjidie British Army recipients of the Victoria Cross