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San Pedro and Canon Del Agua Co.,1880 I/U bond.

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:120.00 USD Estimated At:200.00 - 400.00 USD
San Pedro and Canon Del Agua Co.,1880 I/U bond.
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New Mexico, 1880. I/U bond. $1000. 1st Mortgage 7% Income Bond. Black border. XF condition. Rancher with cattle under ornate title. Coupons attached. This company was the subject of a long-term lawsuit with the U.S. government that was begun in 1881 (right after this bond issue and the company was started) and completed in 1897 when the U.S. courts found that the property claimed by this company in New Mexico was obtained by a fraudulent survey. The company tried to control all of the copper and gold mining in the area but the survey was inaccurate and included a large and valuable mining area that should have been in the public domain. Rare and Interesting mining Company. FBNC.