Panama Canal Stock Certificate - Canal Interoceanique de Panama - French & PanamanianInv# GS1201 Stock
General Stock with border vignette of native figures with steamships in the background & Panama Canal scene. Great!
Years before the Panama Canal became a reality men dreamed of building a canal across Central America. In the early 1500's, the explorer, Vasco Nunez de Balboa, saw the possibility of a canal connecting the Atlantic and Pacific Oceans.
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.
The Panama Canal (Spanish: Canal de Panamá) is an artificial 82 km (51 mi) waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean. The canal cuts across the Isthmus of Panama and is a conduit for maritime trade. One of the largest and most difficult engineering projects ever undertaken, the Panama Canal shortcut greatly reduces the time for ships to travel between the Atlantic and Pacific oceans, enabling them to avoid the lengthy, hazardous Cape Horn route around the southernmost tip of South America via the Drake Passage or Strait of Magellan and the even less popular route through the Arctic Archipelago and the Bering Strait.
Read more at: https://en.wikipedia.org/wiki/Panama_Canal
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