Archives International Auctions Auction 91 January 23, 2024

Archives International Auctions - Sale 91 41 January 23, 2024 Archives International Auctions www.archivesinternational.com Panama 193 193 Panama Railroad, 1880 Unique Approval Proof Bond with Production File. Panama (Incorporated in New York), 1880, $1000 Proof bond production file. Includes 2 proofs and 2 correspondence items. All proofs are printed in large format on india paper in black that is not mounted, 11.5 by 18 inches for the face and an equal amount for the coupons attached to the right, if unfolded it would measure 24 by 18 inches. Included in the file is the bond face with attached face coupons on right. The face has a speeding locomotive on a bridge with another bridge on its left while passing a telegraph pole, the bond has the approval date hand written Nov 20, (18)80 in orange and April 11th (18)81 in blue crayon on bottom excess margin.. Face also has attached face coupons on right; the back bond panel and reverse of the bond coupons are on one large sheet with approval crayon dates on the bottom similar to the face proof. Also includes 3 pages on an American Bank Note Company letterhead with instructions for bond production as well as a 11 handwritten pages with 7 pages related to final text for bond face, back, coupons and related with 4 of the 11 hand written pages with additional suggestions I assume by an attorney helping with the bond language. Mostly all the items are in VF condition as printed with folds as stored in the production file. The railroad was first completed in 1855, and was about 47 ½ miles long. It started in the town of Aspinwall on the Atlantic side of the Isthmus. Since the town was built as a terminus for the railroad, its main street was the railway line, named Front Street, as it was adjacent to the bay. When Ferdinand de Lesseps and other travelers arrived in Panama, they usually stepped off the ship at Aspinwall, or Colón as it was renamed. The Panama railroad became one of the most profitable in the world, charging up to $25 per passenger to travel over 47 miles (76 km) of hard-laid track. Upon completion, the railway was proclaimed an engineering marvel of the era. Until the opening of the Panama Canal, it carried the heaviest volume of freight per unit length of any railroad in the world. The existence of the railway was one of the keys to the selection of Panama as the site of the canal. In 1881 the French Compagnie Universelle du Canal Interocéanique purchased controlling interest in the Panama Railway Company. This bond was issued the previous year in 1880 and was the last fiscal example of the first incarnation of the railroad. In 1904, the United States government under Theodore Roosevelt purchased the railway from the French canal company. Historic and unique Panama Production file. ABNC. ��Est. $3500-5000 Scripophily - Foreign 194 194 Republica De Panama, Bonos De Tesoreria 1917 Specimen Bond. Panama, January 1, 1917, 50 Balboas, 6% Bond, Specimen, Coupons attached, green border with allegorical reclining woman with steamship behind her at dock, XF condition, “00000” serial numbers and POC’s. Rare Panama bond. ABNC. �� Est. $350-700 195 195 Republica De Panama, 1933 Issue Bonos de Conversion Specimen Bond. Panama, 1st June, 1933, 20 Balboas, Specimen bond, 6% Bonos De Conversion 1933-43, coupons attached, Black on green border and underprint, Allegorical angels flank eagle on top of shield with Initials R De P. Specimen overprints, POC’s, Last Specimen on top right margin, XF condition. ABNC. �� Est. $250-500 196 196 Republica de Panama, Bono De Conversion, 1950, Specimen 4% Coupon Bond Panama, 1950. 50 Balboas 4% Coupon Bond, Black on blue border and underprint, Seal of Panama at top, Specimen overprints and POCs, XF to AU condition, HBNC. �� Est. $230-450