Durango Central Railroad Co. - 1902 dated $1,000 50 Year 5% Mexico Uncanceled Gold Bond with almost 2 Full Pages of Coupons

Uncanceled $1,000 5% Gold Bond printed by American Bank Note Company, New York. Almost 2 full pages of coupons remain. The history of railroads in Mexico commenced in 1837, when a concession was awarded for the construction of a railway connecting Veracruz, located on the Gulf of Mexico, to Mexico City. However, this initial concession did not result in the establishment of any railway. In 1857, Don Antonio Escandón obtained the rights to construct a railway line extending from the port of Veracruz to Mexico City and further to the Pacific Ocean. Nevertheless, the progress of financing and construction was hindered by revolution and political instability until 1864, when the Imperial Mexican Railway Company initiated the construction of the line under the rule of Emperor Maximilian. Despite ongoing political turmoil, the first segment of the railway, linking Veracruz to Mexico City, was officially inaugurated nine years later, on January 1, 1873, by President Sebastián Lerdo de Tejada.