Durango Central Railroad Co. - dated 1902 $1,000 50 Year 5% Mexico Uncanceled Go For Sale

Uncanceled $1,000 5% Gold Bond printed by American Bank Note Company, New York. Almost 2 full pages of coupons remain. Mexico's rail history began in 1837, with the granting of a concession for a railroad to be built between Veracruz, on the Gulf of Mexico, and Mexico City. However, no railroad was built under that concession. In 1857, Don Antonio Escandn secured the right to build a line from the port of Veracruz to Mexico City and on to the Pacific Ocean. Revolution and political instability stifled progress on the financing or construction of the line until 1864, when, under the regime of Emperor Maximilian, the Imperial Mexican Railway Company began construction of the line. Political upheaval continued to stifle progress, and the initial segment from Veracruz to Mexico City was inaugurated nine years later on January 1, 1873 by President Sebastin Lerdo de Tejada. Read more at Item ordered may not be exact piece shown. All original and authentic.