Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-06-02
BAMA AND ARKANSAS:

~Ec.EE, MISSISSIPPI. ALA
BAMA AND ARKANSAS:
THE COMPANY KNOWN TO THE PUBLIC
L as the Mississippi Valley Navigation
Company of the South and West" is organ
lied under a charter from the State of lou
stock of five hundred thousand dollars, with
the privilege of extension to one million.
That the public may know the exact object oil
the Company, the third article Of the charter
is given entire as follows:
THE object OF his Company is to con-
strucf or otherwise to procure and maintain
one or more steamboats, or other vessels, to
run on and navigate the Mississippi river, or
It's tributaries, for the purpose Of carrying
trelgnt, mails and passengers, to construct
docks Wharves, buildings and such other con
Struct1OnS as may be necessary to the build
inga and repairing OF vessels, and generally 70
exercise such Incidental powers and privi-
legeSd as are hereby or may be conferred on
them for the purposes aforesaid.
The COmpany propose, under the Provisions
of this charter to construct 4 line of steam
ers to run between the different ports on the
Mississippi river and its tributaries. The
viii be constructed upon the low-pressure
principle; they will carry less steam; they
viii make better time, and be in all respects
more safe than any description OF boats ever
placed upon our waters. Divided into dis
tinct compartments. if disaster, whether by
ire or snags,s shall happen TO one. the boat IS
not endangered. In case of fire, apparatus
for turning steam upon it will be provided.
and il is demonstrated that steam is the most
effective extinguisher of fire. In case one
compartment is broken through bV contact
with snags, and fills with water, the others
are not endangered, and the boat eannot sink,
as pumps, provided for such an emergency,
viii be in instant operation. Safety to pas
sengers and freight is a great end, worthy of
the struggle of the people of the MISSISSIPPI
Nearly three hundred thousand dollars in
none and work has already been subscribed
TO the capital stock of the Company. The
Louisiana Legislature has passed a bill sub
seribing one hundred Thousand dollars Of
stock TO the Company. An additional sum Of
that amount will Without a doubt, be sub
~ 49, AIA - kaaE NIX
nave resolved to take lands for stock, and
this is the feature to which they desire to call
the attention of owners Ofreal estate. In the
Southern States, on account of the diS0rgan-
lied condition of labor. lands are IN incum-
brance. Vast tracts that yield no revenue TO
the proprietors, pay exorbitant taxes, and
thus cripple their only productive resources.
This Company propose to take these lands at
a fair valuation and issue to the owners their
stock in lieu. Iflands shall enhance in value,
so will the stock enhance in value and thus
the land proprietor carry IN MS pOcAet the
equivalent Of his lands, 10 be converted into
money OF roper without delay me sue
cess Of this great enterprise is 0eyOn ques-
ton. The stakeholder, in addition 70 the
benefit OF the enhaneeu HaAue SInls Iah9s,
entitled TO dividends in their earnings.
Persons Wishing 70 exchange lands for the
stock of the Company will send to the Agent
AT Memphis a description of them, their pro-
ductive qualities, the timber, bottom or up
land; whether overlooked or not over
county-town, to railroad, depot, river; and
ali facts necessary to AFFORD The Company a
satisfactory idea of the land. ms may De
done by certificates of reliable. disinterested
persons residing in the neighborhood. The
present actual value OF the land may be
proved in the same manner. The party
Offering lands must stale IN MS prop
oSifion the lowest figures he viii take.
The Company will not give exorbitant prices.
FThe titles must be unencumb ered by iudg-
ments, mortgages, deeds of trust, tax titles, or
otherwise. This may be shown by official
certificates of judges, clerks, sherifs, or the
Opinions of respectable attorneys. This Is be-
Ifeved to be the best opportunity to dispose of
surplus lands in the South and Westthat has
vet been or can be offered. sam ana
Many of the best and wealthiest citizens OF
the South and West are warmly embarked IN
the enterprise. The Gener Headquarters OF
the Company are in New Orleans. but agen-
eies exist in all the principal cities. hi en-
terprise has been endorsed by
Chambers of Commerce, Engineers, Meehan-
les, practical nayigators, and All classes OF
The foreeoinr facts are submitted TO the
public I'M the confident belief that they Wi
be understood and appreciates. -
my