Description: Obligation, Action + Titre Provisiere of the Panama Canal 1880 + 1888 In 1858 Count Ferdinand de Lesseps founded the Suez Canal Company. Eleven years later the canal with a length of 168 kilometers (104.39 miles) was opened. After the company was already in the black in 1874, its market price continued to increase over the following years. However, de Lesseps was already thinking about the next coup: he began to develop plans for a Central American canal. Therefore, in 1880, he founded the Compagnie Universelle du Canal Interoceanique de Panama. Due to the Suez boom, the issue which had been established at 600,000 shares was soon oversubscribed. The 73 kilometers [45.36 miles] long canal was to be completed within six years. At first everything went well and the further financing was secured by issuing several loans. However, in 1886 the truth came to light: only a sixth of the soil had been drawn out so far. The shares declined and the loan emissions could no longer be sold in full. On February 4, 1889, the liquidation of the company was decreed. With shares, bonds, and profit certificates more than 800,000 Frenchmen had lost money in the total amount of 1.8 billion gold francs. all 3 with the printed signature of Ferdinand de Lesseps 2 x with coupon sheetsMultiple winning bids will be combined to save on shipping International bidders wellcome! shipping + tracking no. payment by paypal Shipping to US = 9,50 $. Europe: 7,50 Euro Inland: 2,50 Euro
Price: 75 USD
Location: Aspach
End Time: 2024-10-05T03:08:45.000Z
Shipping Cost: 9.5 USD
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Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
Circulated/Uncirculated: Circulated
Type: Bond
Country/Region of Manufacture: Panama
Modified Item: No
