International Railways of Central America - 1912 dated Guatemala Railroad Money Bond - Extremely Rare - First We Have Seen!
Inv# FB6805 Bond
Toning throughout from years of poor framing. Exact piece shown with coupons unattached. Bond printed by Hamilton Bank Note Company. (Related to United Fruit Co.). International Railways of Central America (IRCA) was a United States-based entity that managed significant railway operations in Guatemala and El Salvador. In 1912, IRCA took control of nearly all railway lines in Guatemala, including the sole connection to the Caribbean, and acquired a prominent Salvadoran railroad. In 1929, the company linked the railway systems of Guatemala and El Salvador, thereby granting El Salvador access to the Caribbean Sea. In 1936, the United Fruit Company of Boston acquired a controlling stake in IRCA. During the Guatemalan Revolution (1944–1954), IRCA and its parent company faced scrutiny from economic nationalists and labor activists, who criticized the company's monopoly on freight transport and its unfair pricing practices. Following the revolution, United Fruit divested a significant portion of its IRCA shares. In December 1968, the government acquired IRCA and transferred railway operations to a state-owned entity, Ferrocarriles de Guatemala (FEGUA).
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
Ebay ID: labarre_galleries