Dr. Hugo H. van der Molen -
Wederikweg 114 - 9753 AE Haren, The Netherlands
Tel: +31 (0)50 534 8795; email: email@example.com
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(The) International Business Machine Corporation
Incorporated under New York State law; vignette: world map and universe with god Mercury;
---------- < 100 shares, blue border, 1982, EF, unfolded, 35 Euro.
---------- 100 shares, brown border, 1969, EF unfolded, 35 Euro.
---------- Inhaber-Optionsschein für 1 aktie, blau, Paderborn, Germany, Januar 1987, see picture below, UNC, price 23 Euro
-----------Inhaber-Optionsschein für 4 aktien, grün, Paderborn, Germany, Januar 1987, see picture, UNC, price 9 Euro.
Pan American World Airways, Inc., 100 shares, red border, USA,
1960-ies, hole cancelled, f 25 = 11 Euro.
Vignette: 2 world globes, flanked by 2 allegorical men, one holding a Mercury staff, and an eagle above with spread wings. See picture.
------- Same, brown border, < 100 shares, 1960-ies and 1970-ies, f 25 = 11 Euro.
------- Same, blue-green border, x shares, 1970-ies and 1980-ies, f 25 = 11 Euro.
Rederiaktiebolaget Transatlantic, Göteborg, Sweden, 1-9-1917
Share of 500 Kronor, in the name of Jon. Johnson, with coupons, 3 original signatures; brown border, large yellow/blue world map (11 by 22 cm) and 11 by 4 vignette of Harbour with steam ships; 2 smaller vignettes with ships; a beauty to frame; print: Oscar isacsons Lito, Göteborg; unfolded, 2 very minor tears and stains in upper border, 115 Euro.
Wisconsin Investment Corp.,
Wisconsin Investment Corp., 1930, 100 shares, orange border, large vignette of Justice Lady between 2 detailed globe-halves.
Price 25 Euro.
County Bank & Trust Co. of Somerset, Incorporated under laws of
New Yersey, USA;
1968, x shares, nr. V 2781, brown border and contours of Somerset and 3 drawings: fisherman in mountain river, a farm, and a factory; Some glue remains on left border, unfolded, 45 Euro.
Massachusetts Investors Trust, incorporated 1924, certificate of beneficial interest, par value 1 $, green border, 1948, 3 stamps, cancelled, unissued, incorp. under Delaware law, vignette: map of Massachusets and Old State House in Boston, "cancelled" stamp, 34 Euro = f 75.
Compagnie Universelle du Canal Interocéanique de Panama, S.A. au Capital de 300 millions de Francs
Societé Civile d'Amortissement des obligations du Canal de Panama Émission de Mars 1888, avec responsabilité limitée à la mise sociale
(with facsimile signature of Ferdinant de Lesseps, famous builder of the Suez Canal. in Egypt).
---------- Paris, le 14 Mars 1888; Obligation Nouvelle au porteur Remboursable à Mille Francs dans une Emission de 350.000 obligations, authorisée par l'Assemblée Général du 29 Juillet 1985; size 19 by 14 cm., same engraving as above by Stern in Paris, brown, red stamp from the liquidator, red stamp or print indicating that this is a duplicate;, blue stamps "3e série", no coupons, VF: glue remains in left upper corner, some tiny staple holes; very rare !, price 125 Euro.
Design of the shares and bonds (based on the book by Grigore (1997), see below):
The 21 by 40 cm light blue stock certificate was engraved by A. Stern, Paris,and printed by Société Anonyme de Publications Periodique - Imprimerie P. Mouillot, 13 Quai Voltaire, Paris, Their names are centered below the portrait of the certificate. But it is not known who designed the stock certificate. This portrait measures 117 mm x 167 mm from border to border and its thematic vignette reveals the Western Hemisphere in a partial globe of the world; two reclining bare-busted maidens allegorically depicting North and South America, clasping hands across a sea-level Panama Canal, with a ship exiting from the Cut; and a steamship in the lower corners. n the left and right columns is a telegraph pole, partially screened by palm fronds, on which there are affixed three banners listing countries of the world that would benefit from uniting the Atlantic and Pacific Ocenans via the Isthmus of Panama. Clasping the base of the left pole is a white and Asian child, implying the West's trade with the east. Atv the right pole is a white and black child, implying the West's trade with Africa. Telegraph poles support a large, single banner on which is cited the legal authority for the bond's issue, its capitalization, its title, intent, type, and serial number.
History (based on the book by Grigore (1997), see below):
Although the issue of the shares in 1880 was probably all with good and honest intentions, the entire undertaking ended up in the greatest engineering and financial disaster, followed by the worst political scandal, the world had ever known. It was an embarrassment to France. But, at the beginning of this undertaking Ferdinand de Lesseps, builder of the Suez canal (finished in 1869), which halved the journey time from Europe to the Indies, was the world’s most decorated and honored personage. He was compared to Columbus. In 1879 France was a rich nation and hubristic overconfident in what it could achieve, with its colonies, technological developments, science and art, boasting of luminaries such as Victor Hugo, de Lesseps, Pasteur, Eiffel and Sarah Bernhardt. Unfortunately the world’s largest commercial enterprise was fatally destined to become the most disastrous financial failure the world had ever seen.
The issue of the blue shares in 1880 is the only issue of shares in the company actually placed (an 1879 share issue was cancelled). Beyond that many bonds were issued.
The march 1888 bond issue was placed only to the extend of 25,7 %, even worse than the june 1888 bond (40,1%), but not as bad as the july 1889 lottery bond (13,1%), but that was after the company had ceased its operations. Only 89.890 bonds were placed in march 1888, by far the smallest number placed of all bond issues. Much less are available for collectors these days. It are rare pieces, really.
The company ceased operations on December 14th 1888. On february 4th 1889 the companies’ bankruptcy plea was accepted. The canal was less than 40% dug at a cost of an estimated 22.000 deaths and an expenditure of about $ 1,400,000,000 in today’s (1997) currency. It has been repeatedly reported that one third of this vast amount was spent on canal work, one third was wasted and one third was stolen.
It was the worst financial catastrophe ever suffered by the French people. As a consequence, the French Government’s prestige throughout the world was shattered.
In 1904 the United States Government purchaased all the assets and rights necessary for it to complete the Panama Canal, what they finally achieved in 1914.
----- Grigore, Julius Jr. (1997), Stocks and Bonds Issued by the Compagnie Universelle du Canal Interocéanique de Panama, 1880-1889 and Compagnie Nouvelle du Canal de Panama, 1894, ISBN 0-9715805-1-0; W.G. Guy (publ.): Balboa, Panama, email: firstname.lastname@example.org, price $70 + shipment., ca. 180 pages, ring bound, with many illusttrations in colour or black & white of stocks issued and a large variety of parafernalia. Warmly recommended !
----- Der Panamakanal wird 100, Technisches Weltwunder: BILDERSERIE: www.n-tv.de, 2014
Cherpillod, André, Dictionnaire étymologique des noms géographiques.
(further references unknown to me).
Sanders, Ewoud, NRC April 5th 2001
Samos Electric Company (The), Athens, Greece, 26-3-1928, COPY
(26 by 37 cm) of a certificate of 25 shares to bearer, copied on 200
g paper. The original share was, according to a filled in stamp from
1951, in the name of Mr. Dimitrios, a retired professor; This
inscription of the owner was signed by the company director, the very
rich mr. Emanuel Negris. Brown
border on ocre with black lettering. The map has brown lettering on
yellow. # = < 2000 of this type as the Capital consists
of 50.000 shares of 100 Drachmes. The price of this COPY (!) is f
26 = 12 Euro.
The original of this copy is belongs to mr. Michael Stavrinos, collector, of Samos.
It depicts a complete map of the Greek isle of Samos, a few miles off the Turkish coast and the most southern island of the North-East Aegeic Isles. The map has the Greek written names of many towns and villages and depicts rivers and indicates monastries. Also a drawing of an electricity pole with a lamp and several stamps for taxes and other purposes. See 118 kb picture.;
Samos is an Island loved by nature loving tourists and artists, among whom Max Stokvis and was already called "flower island" by the Romans, due to its many flowers and prevailing flower odours.
Tourist Company of Lesbos, seated in Mitilini, Lesbos, Greece
Touristiki Etairi Lesbou, hedra: Mitilini, Lesbos, Hellas
32 by 20 cm certificate + coupon sheet, EF+, only one fold at coupon sheet; beautiful and detailed 9 by 7 cm picture of the map of the Isle of Lesbos + head and tail of a classic coin;
----- certificate of 10 shares, green, 50 Euro
----- certificate of 20 shares, dark green / yellow, 50 Euro.
----- certificate of 50 shares, red / yellow, 50 Euro.
Compagnie d'Entreprises de Conduites d'Eau
Compagnia Imprese Condotte Di Acqua SA, constituee sous le titre de "Compagnie Napolitaine des Conduites d'Eau", 1894, Siege Social: Liege, Belgique
13 by 5 cm vignette of the Bay and City of Napels (Napoli) and the smoking crater of mount Vesuvius
---------- 4% obligation de 500 Fr, Emprunt de Frs. 1.000.000 (blankette !), 1946, orange-red border and sea; EF +, unfolded, with coupons: 45 Euro
---------- Action au porteur de 500 Fr, 1946, blue border and sea; coupon sheet attached, UNC: 45 Euro
Electricidas Reunidas de Zaragoza S.A., Zaragoza 15-10-1966, Accion al portador, 500 pesetas, printed by Lerchundi SA, Bilbao, beautiful stock, see picture, large size, 28 by 38 cm. including coupons and picture under in the stock of a view of Zaragoza, the Rio Ebro and a map of the city with links to other cities. Vignette on the stock of a beautiful palace, 8 by 5 cm, EF, unfolded, 50 Euro.
Charbonnages Reunis de Bender-Eregli
Action de capital de 250 Fr, Bruxelles, 1920, black on brown, 2 small vignettes of mining equipment and helmet + large map of the Black Sea with many coastal cities indicated and ferry lines drawn.
---------- cancellation holes, only one of which is on map of the Black sea, 45 Euro.
---------- without cancellation holes, 90 Euro
Crediet- en Handelsvereeniging "Banda",
Gevestigd te Amsterdam, opgericht in 1886.
Lees de uitgebreide tekst over het doel en de bezittingen der maatschappij, de details der diverse emissies en wat er van terecht kwam. En (t.z.t.) ook over de historie van dit vroeger voor de nootmuskaathandel zo belangrijke gebied.De gewone en preferente aandelen zijn fraai geïllustreerd met een 6 bij 8 cm gravure van het eiland Groot banda en Neira, gelegen aan het Oost Gat en de Banda Zee.
English: illustration: map of the isle of Banda in the Banda sea, former Dutch East Indies, now Indonesia,
---------- gewoon aandeel van Fl. 1000,- , Amsterdam 1886 (oplage 1000 st., waarvan in 1925 708 stuks zijn ingewisseld tegen preferente aandelen: zie hieronder.); Zwarte sierrand op geel, gravure (zie boven); gedrukt bij De Bussy in Amsterdam., conditie F: geplakte vouw- en andere scheurtjes en veel nietjessporen, prijs 95 Euro.
---------- 7% preferente winstdelende aandelen ("7%" en "preferent" staan niet op het stuk zelf te lezen), Amsterdam, 1925; gedrukt bij De Bussy in Amsterdam, oplage : totaal 2000 st., waarvan 708 mèt oranje gedrukt belastingzegel en 1292 zonder. Die 708 stuks werden gratis verkregen tegen inwisseling van gewone aandelen. Zwarte sierrand op groen,
------------------------- met bel. zegel, conditie VF+ en VF-: div. gebruikssporen (vraag scan !), prijs: VF+: 35 Euro; VF-: 25 Euro.
------------------------- zonder bel. zegel, conditie VF+ en VF-: div. gebruikssporen (vraag scan !), prijs: VF+: 35 Euro; VF-: 25 Euro.
------------------------- zonder bel. zegel, conditie VF+ à EF, prijs 95 Euro.
---------- SCRIP van Fl. 120, Amsterdam 1949, druk: De Bussy, A'dam; 21 bij 17 cm, blauwe sierrand en tekst, oranje gedr. bel.zegel; uitgegeven ter compensatie der rentehalvering tussen 1941 en 1946.
-------------------------- EF: prijs 50 Euro.
Fransch Nederlandsche Maatschappij voor Exploitatie en Handel
(Société Franco-Néerlandaise de Culture & de Commerce)
gev. te 's Gravenhage, Nederland, opgericht 5-3-1908, Aandeel aan toonder, reeks B, onderaandeel van 1/25e (Action au porteur, serie B, coupure a un vingt-cinquieme), Frans en Nederlands-talig stuk; bilangual certificate; black rose border, vignette: 8 by 5,5 cm: map of Malacca, Sumatra, Java & Borneo, print: Cambrai-IMP.F.Deligne et cie., condition VF, some tiny pin/staple holes, 2 very small border tears, price 150 Euro.
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