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Auction: 312 - Numismatic Collector's Series Sale
Lot: 2409

Tehuantepec Company (LA), 125 Pounds Sterling 7% Bond, 1853, red overprint, VF. This company was chartered by Louisiana on March 12, 1852, and was established in New Orleans on June 21, 1853. Under the Treaty of Guadalupe Hidalgo, Americans secured the right to build a railroad or canal across the Isthmus of Tehuantepec, in southern Mexico. The southerners, who hoped to break up Mexico and turn it into a slave holding territory, were eager to invest in this scheme. But their available cash was unequal to their territorial agenda; few bonds were sold and no transportation facilities were built.

Sold for
$300