PARIS. Part Bénéficiaire. black. # 20000. No 2734. By 1889 the Compagnie Universelle Interocéanique du Canal du Panama had legally been declared bankrupt. The French Parliament appointed a liquidator, who created this company to study the financial and construction situation, and suggest what action to take - to dissolve the company, or continue the digging, either through a new company or refinancing the existing one. Why a company was formed is not obvious - its shares had no monetary value, and were unlikely to bring any return.
Date: 2 September 1890
Startprice: € 100