Liquidation Notice

Panama Canal Construction Historic Photo - 1905 Liquidation Paper

Wikipedia writes: The failure of the project is sometimes referred to as the Panama Canal Scandal, after rumors circulated that French politicians and journalists had received bribes. By 1892 it emerged that 150 French deputies had been bribed into voting for the allocation of financial aid to the Panama Canal Company, and in February 1893 de Lesseps, his son Charles (born 1849), and a number of others faced trial and were found guilty. De Lesseps was ordered to pay a fine and serve a prison sentence, but the latter was overturned by the Cour de Cassation on the grounds that it had been more than three years since the crime was committed. Ultimately, in 1904, the United States bought out the assets of the Company and resumed work under a revised plan.

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