Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-03-31
south and w est,
To the owners or Real Estate In Ten
nessee, Mississippi, Alabama ana
Arkansas: r.s5faa

To the owners OF Real Estate I'm Ten.
nessee, Mississippi, Alabama and
| Arkansas; tat
UHE COMPANY KNOWN TO THE PUB
| i lie as the T" Mississippi alley Navieauo1
Company Of the South and West orasn,rsu
| This charter authorizes a capital stock OF nve
| hundred thousand dollars. with the privilege
Of extension to one million. That TIE public
may know the exse. oneo. o. suG ;ven spt;re.
:" The OBJECT of this Company is to construct
or otherwise to procure and maintain one OF
more steamboats,. or other vessels. TO run on
| and navigate the Mississippi river, or its trio-
usaries, for the purpose of carrying freieht'
mails and passengers; to construct docks'
wharves, buildings and such ether construc;,
| tons as may be necessary to the building aud
| repairing of vessels, and generally to exercise
such incidental powers snd PRIVILEGES as are
hereby or may be conferred On them for the
The Company propose, under the provisions
of this Charter to construct a line OF steamers
TO run between the different ports on tho MIS-
sissippi river and its tributaries. They VIII pc
constructed upon the low-pressoie prihcipie'
they will carry less steam they VIII make pet
ter time, and be in all respects more safe than
any description of boats ever placed upon our
waters Divided into di' tinct compartments
if disaster. whether BY firo or snsgs. shaii nap
case of fire, apparatus for turning steam upon
il will be provided. and it is demonstra'ed that
steam is the most effective extinguisher OF nre.
In case enc Compartment y broker through ~, bs
contact with snags, and fills with water the
others are not endangered, and the Boat can
moi sink as pumps, provided Tor such an emer-
geucy, will be in instant operation. Saiety 70
passengers and freight Is great enc; a; wIs
Nearly three hundred thousand dollar, in
money and work has already been sqDseriDed
TO the capital stock OF the COMPANY. Inc Lou
two hundred thousand dollars OF stock to the
Company. An additional sum OF that amount
will. without doubt, be subscribed 0y the
tai lands for stock. and this is the feature to
which they desire to call the attention OF owners
Of real estate. In the Southern States: on ac-
count of the disorgan zed condition OF lasor.
lands are an inenm brance. vas. ua sy s ,nr
bitart taxes. and thus cripple their only pre-
ductiye resources. This Company propose 70 |
Ia e these lands at fair valuation and issue 10
the!owners their stock IN lieu. iiiands sna,d en-,
value, and thus the land proprietor VIII carry
In his peck ct the equivalent of his lands, to De
converted into money or property without de-
lay. The success OF TINS glest add;t;"r
to the benefit of the enhanced value q nis
lands, will be part owner OF line OF boats |
and be entitled 10 dividends in their earnings.
Persons wishing TO exchange lands for the |
stock of the Company will send to the Agent at |
M emphis description Of them. their produc-
tive qualities, the timber, bottom or upland;
whether oyerfowe cd or not II oyerfowed, what |
nronortion how near to county town. TO rail-
Toad. depot, river, and all facts necessary 70 |
afford the Company q satisfactory IDEA OF me
land. This may be done by certificates OF re-
liable. disinterested persons residing in the
neirhborhood, The present actual value OF |
the land may be proved in the same manner.
The party Offering lands must state in MS
Proposition the lowest figures he will take, The |
Company will not give exorbitant prices. Inc
titles must be unencumbered BY judgments. |
nortgages, deeds of trust. TAX titles, or other-
wise. This may be shown by official certificates |
Of Judges, clerks, sheriff.. or the opinions OF |
respectable attorneys. This Is believed 10 pc |
the best opportuni y to dispose OF surplus lands
in the South and West that has yet been or can |
be offered.
Many Of the best and wealthiest citizens of |
the South and West are warmly embarked IN
the enterpri,e The General Headquarters OF |
the Company are in New Orleans, but agencies |
exist in all the principal cities. The enter |
prise has been Endorsed by Underwriters, |
Chambers of Commerce, Engineers, Me
chanics, practical nayigators, and all classes oil
practical men. ..
The foregoing facts are submitted TO the pub
lie in the confident belief that they Will be un-
derstood ard appreciated.