Formed in New York in 1850 by William Aspinwall, John Stevens and Henry Chauncey to obtain a concession from the Government of New Granada to build a railroad across the isthmus of Panama. Large numbers of mainly black workers died of Cholera and other diseases but the line was finally opened in 1855. Business declined on completeion of the Union Pacific Railroad in 1869 and in fact most of the stock was acquired by de Lesseps and his Panama Canal Company in 1881.
Capital in shares of $100