April 7th Rare Autographs, Manuscripts and Sports Auction
This lot is closed for bidding. Bidding ended on 4/7/2022
Canal Interoceanique de Panama stock with border vignette of native figures with steamships in the background & Panama Canal scene. From the year 1880 and in fine condition.
The French adventurer, Lucien Napoleon Bonaparte Wyse, secured a franchise from Colombia in 1878, granting him the right to build a canal across the province of Panama. He, in turn, sold the franchise to a French company, the "Compagnie Universelle Du Canal Interoceanique De Panama". The actual digging began in 1882. The original plans called for a canal that would run at sea level, but they soon decided to construct a canal similar to the present one. The canal was planned carefully, and some of the plans were carefully executed. Tropical diseases struck down many of the workers. The main reason for the French failure was dishonest politicians who stole large sums of money from the company. In 1889, the Compagnie Universelle went bankrupt. In May 1904, the United States took over the French franchise, and the canal was completed in 1914.
With One of a Kind Collectibles LOA
Panama Canal - Canal Interoceanique de Panama - Stock Certificate
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