PARIS. Action de F500. brown, orange. # 16000. No 10843. Central fold. Perhaps one of the best-known pieces in scripophily, with its very large vignettes of a camel caravan waiting for a train to pass, and a fine border with mosaics, lion, etc. The company was formed in 1896 to build lines from the Red Sea at Djibouti to Entotto, to Kaffa and the White Nile. The scheme soon collapsed in chaos, and investors received back only F10 of the F500 they paid per share. Text in Amharic and French. Note that this is a share issued in 1898, when the company capital was 8 mio. Fr. As such, it should not be confused with the identical looking 1899 issue which brought the capital to 18 mio. Fr.
Date: 10 August 1898
Startprice: € 50