World's #1 Company for Original Stock Certificates & Old Stock Research Services Since 1880 - Rated A+ by Better Business Bureau

Historic Stocks and Bonds                                              
Quality Research Service Since 1880                                   


What our customers say:




 




Bankrupt French Panama Canal Liquidation Bond dated 1889 - 19th Century Scandal  

Bankrupt French Panama Canal Liquidation Bond dated 1889 - 19th Century Scandal

Product #: pancanel

Normal Price: $129.95
Our Sales Price: $99.95

(You Save: 23%)

Qty:

PRODUCT DESCRIPTION  
Beautifully printed Stock certificate from the Bankrupt Canal Interoceanique de Panama Company issued in 1888 for 400 Francs. This historic certificate has an ornate border around it with a liquidation stamp dated 1889. This stamp gave the purchasers of the bond a priority interest in the event of liquidation similar to a Debtor in Possession (DIP) loan. This also shows Ferdinand de Lesseps name was covered and was replaced with the name of the Trustee. This is an excellent document which has a lot of historic significance. This certificate is over 128 years old looks great framed.

Scripophily.com is a name you can TRUST!
Liquidation Stamp


Among the great peaceful endeavors of mankind that have contributed significantly to progress in the world, the construction of the Canal stands as an awe-inspiring achievement. The unparalleled engineering triumph was made possible by an international work force under the leadership of American visionaries, that made the centuries-old dream of uniting the two great oceans a reality. In 1534, Charles I of Spain ordered the first survey of a proposed canal route through the Isthmus of Panama.

More than three centuries passed before the first construction was started. The French labored 20 years, beginning in 1880, but disease and financial problems defeated them. The Geographical Society of Paris organized a committee in 1876 to seek international cooperation for studies to fill in gaps in the geographical knowledge of the Central American area for the purpose of building an interoceanic canal. The committee, a limited company, La Société Civile Internationale du Canal Interocéanique de Darien, was headed by Ferdinand de Lesseps whose signature is printed on these bonds. A congress, the Congrès International d'Etudes du Canal Interocéanique (International Congress for Study of an Interoceanic Canal) was planned to take place in Paris on May 15, 1879, with invitations sent out by the Société de Géographie (Geographical Society) of Paris. The congress believes that the excavation of an interoceanic canal at sea-level, so desirable in the interests of commerce and navigation, is feasible; and that, in order to take advantage of the indispensable facilities for access and operation which a channel of this kind must offer above all, this canal should extend from the Gulf of Limon to the Bay of Panama.

In 1903, Panama and the United States signed a treaty by which the United States undertook to construct an interoceanic ship canal across the Isthmus of Panama. The following year, the United States purchased from the French Canal Company its rights and properties for $40 million and began construction. The monumental project was completed in ten years at a cost of about $387 million.

Product #: pancanel

Normal Price: $129.95
Our Sales Price: $99.95

(You Save: 23%)

Qty:
 

Scripophily.com and Old Company Research Press Releases

See Stock Certificate Expert Bob Kerstein, CEO Scripophily.com
discuss Stock Certificates in Bloomberg ,  the Associated Press ,
CNBC with Jane Wells discussing the Facebook IPO,
Inside Edition and the Today Show

Subscribe to our New Free RSS New Products Feed in a Reader

Subscribe to Our New Product Additions Feed by Email


We will always maintain our founding commitment to customer satisfaction and the delivery of an educational product with an enjoyable shopping experience.  Please let us know how we may be of service to you.



Scripophily has been
fully tested by
Norton Safe
Web

Bookmark and Share


Scripophily has been featured on CNN, CNBC, CBS, WSJ, Barrons, and many other fine publications
See Scripophily.com in the News at Scripophilynews.com


Note:
All Old Stock and Bond Certificates are actual authentic certificates and are sold only as collectibles. We do not sell reproductions and offer a lifetime guarantee to the authenticity of everything we sell.

All Rights Reserved. © 1996 - 2017

 
Scripophily.com is a name you can TRUST!
American Institute of
Certified Public Accountants

Scripophily.com is a name you can TRUST!
Virginia Society CPA's
Bob Kerstein, Member
Click to Verify Trust Certificate - Yahoo is a licensee of the TRUSTe� Privacy Seal Program



  Scripophily.com is a name you can TRUST!
American Numismatic Association

Securities and Exchange
Commission Historical Society


Society of Paper Money Collectors
Member
Scripophily.com - Gift of History -  BBB Membership Seal
Better Business
 Bureau Member
Rated A+