Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-04-29
NAVIGATION.
THg MISSISSIPPI VALLEY
NAVIGATION COMPANY
OF THE
S OU TIL AND IVES
To the Owners OF Real Estate in Ten
nessee, Mississippi, Alabama and Ar
kansas:
S TIL AND IVES T.

THE COMPANY KNOWN TO THE PUB
Il lie as the q Mississippi Valley Navigation
Company of the South ana West," /" Is organized
under CHATTER from the Stats of Louisiana.
This charter authorizes capital stock of five
hume red thousend dollars, with the privilege
of extension to one million. That the public
may know the exact object of the Company,
the third article or the charter ia given entire,
"The object of this Company is to construct
or otherwise to procure and maintain one or
more steamboats,, or other vessels, To run on
and navigate the Mississippi river or its trib-
utaries, Tor the purpose OF carrying freight
mails and passengers; to construct cocks
WharVes, buildings and such other construc-
LiOns as may be Necessary 10 the building and
repairing OF vessels, and generally TO exercise
such incidental powers and privileges as are
hereby or may bs conferred on them for the
purposes Aforesaid.
The Com pany propose, under the provisions
OF this charter 70 construct a line OF steamers
TO run between the different ports on tee N IS
sIssippi river and its tributaries. They will be
constructed upon the low pre- ssure principle; I;
they will carry less steam ; they will make BET
ter time, and be in all respe is more safe than
any description OF boats ever placed upon our
waters. Divided into distinct com partments,
II disaster, whether by fire or snags, shall hap
pen to one, the boat is not endangered. In
case OF IRE, apparatus Tor turning steam upon
1t will be provided, and it is demOnstrake ted that
sieam is ths most effective extinguisher of fire.
In case one compartment is nFokeB through by
contact with snags, and fills with water, the
others are not endangered. and the boat can
not sinki as pumps, provided for such an emer-
gency, will be in instant operation. Safety to
passengers and freight is great end, worthy
OF the struggle OF the people Of the Mississippi
Valley.
Nearly three hundred thousand dollars in
money anu work has alres dy been subscribed
70 the capital STOCK OF the Company. The Lou
lslaIa Leg stature mas passed Dill subscribing
one hundred thousand dollars of stock to the
Company. An additional sum of that amount
Will, without doubt, be subscribed by the
same body. The Company have resolved 10
take lands for stock, and this is the feature 70
which they desire TO call the attention of own
aran nf al In ba lrr1 ffaa.rr, SNasr
account of the diSorganized condition of labor,
lands are an incumbrance Vast tracts that
yield no revenue to the pEopristors, pay exor-
bitant taSes, aud thus cripple their only pro-
ductive resources. This Company propose to
take these lands at fair valu sIion and issue to
the owners tEeir stock in lieu. II lands shall
enhance in value, so viii the stock enhance in
Yalue, and thus the land proprietor VIII carry
In his pocket the equivalent of his lands to be
converted into money or property without de-
lay. The succeSs OF this great enterprise is be-
yOnd question. The stOckholdeT, in addition
TO the oenedt OF the enhanced value OF his
lands, viii be part owner OF a line of boats
and be entitled to dividends in their earnfngs
Persons wishing 10 exchange lands for tne
STOCK oI the company Will send to the Agent 81
n mpb1s description Of lheW, their produc-
tive qualities. the timber, bottom or upland
whether OYerhoWed q AOt; If oVeIfiowed, wheI
prOpO. tl0r Low near to cOuuty-tOWn. to rail
road, depot, river, and all facts necessary 20
afford the Company satisfactory IDEA OF the
Isa Isnq. 1hts In nsy pe cone Oy certificates OF re-
heb'e, as ierested persons residing in the
ne;ghborhoOd. The present actual value OF
the land msy be proved in the same manner
The psyc oo9OhertGg lands muHt state in his prop.
osition Tee lowest Gga, es he viii take The
Company VIII notgive eKOTbitaht prices. The
titles must be uutncumbered By judgments,
mortgages deedS OF uust. tax titles. or other
wise. lhis may be shoTn by oncial eertin-
Gates o. iuc ges. clerks. sherlns or the opinions
OF respectable attorneys, This is believed 10
be the sast opportunity to dispose OF surplus
lands In the south and West that has yet been
or can be offered,
Many OF th3 best and wealthiest citizens Of
tbs Egull and West nars srodf fv,l
the enterprise. The General Headquarters OF
the Company are in New Urleans bat agencies
exist in all the principal cities. The enter
prise has been endorsed by Underwriters,
Chambers OF Commerce, Engineers. Mechan-
les, practical naygaJCrs, and all classes of prac-
teal men.
The foregoing facts are submitted to the pub
lie in the cor fident belief that they will be un
derstOod and appreciated.