Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-04-01
NAVIGATION COMPANY
8 o AND WEST
To h Owners Of Real Estate in ZEN
nessee, Mississippi. Alabama and Ar
kansas:
kansas

THE COMPANY KNOWN TO THE PUB
Il lie a. tae a Mississippi Valley Navigation
Company Of the South aud West" is organized
under q charter from the State Of LOUISIANA.
Tbs charter authorizes q CAPITAL stock OF i've
hundred thousand dollars, with The privilege
OF extension to one million. Thai the puDIc
may know the exact object Of the Company.
the third article OF the charter Is given entire,
@Fne object Of this Company is to construct
or otherwise to procure and maintain one or
more steamboats, or other vessels. u run on
and navigate The N sgiEsiDpi river. or its rrib-
utar1ss, Tor the purpose OF Carrying freight.
mails and passengers to construct cocks
Wharvss, buildings and such otter cOnstruc-
tons a. may De necessary 10 the building and
repairing OF vessels. and generally 70 exercise
such incidental powers and privileges rs are
hereby or may be conferred on them for the
purposes Aforesaid
The Company propose, under the provisions
or this charter TO construct a line OF steamers
to run between the dfrereu5 ports on tue Mis-
sIssippt river and its tributaries They viii be
constructed mon the Iou-r-esSura nrfnefDla-
they viii carry less steam they will make Bet
ter time, and De in all respe Is mere safe Than
any description OF boats ever placed upOn cur
waters. Divided into distract con partments-
il disaster, whether by dre or suags, shall hap
pen to one, the boat is no. endangered In
case OF IRE, apparatus for turning steam upOn
1t will be provided, aud il is deuonstrased mat
steam is the N 81 enscIve exingnIsher OF fire.
In case ole compartment Is troken through ~
contact with snsEs, and nils with water, the
others are not endangered. and the boat can
not 5s5s sInK xta as e seE5i5sTs5gt1oass aI I 8 o5eh s an sm9 II
Egf
passengers and reigh is a great end, worthy
Of the struggle OF the people II The Mississippi
Valley.
Nearly three hundred thousand dollars In
money and WORK has already been subscribed
20 the capital stock or the Company. The Lou
lsian2 Leg stature mas passed a oitI subscribing
one hundred thousand doll rs OF stock to the
Company. An additional sum Of that amount
Will, without a doubt, be subscribed By the
same body. The Company have resolved to
take lands for stock, and this l. the feature to
which they desire TO cali the attention or own
- nf raaN a-faHa In FhA kanrharn ZrarzE IN
account Of the disorganized condition OF labor,
lands are an membrane. Vast tracts that
yield no revenue To the proprletors, pay exOr-
bitant taxes, and thus cripple their only pro-
ductiye resources. This Company propose TO
take these lands at q fair valu RIiOn and issue 10
the owners their stock in lieu. II lands shall
enhance in value, so viii the SbOek enhances in
value, and thus the land pTOpTfatOr will 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-
yUnd question. the ~stOckhOlder.t in addition
10 the benefit OF the enhanced value OF his
lands, will be part owner OF q line Of boats,
and be entitled to dividends Ia their earnings
Persons wishing 10 excoange lands for the
stock Of the Company viii SEM to the AgeltaE
Memphis a -ptiOn Of them, their pTOduc-
tive qualities. the timber, bottom or upland a;
whether overlooked or not, II overlooked, what
nrOpot ton /. now near 10 couufv-toWu. u rail-
road, depot, river, and all facts Necessary 10
afford the Company a satisfactory idea OF the
land. This may be done by certificates OF re-
liable, dtsinLereste1 persons residing in the
neighbOrhOod. The present actual value OF
the land may Dc proved N Lle same lame
The party Offering lands must state in his prop
ositiOn the lowest nguIes he vii take. The
Company viii not give exOrbitaat rrtces. The
titles must be BY Judgments,
mortgages. deeds or trust. tax titles. or other
wise. Ibis may be shown by Official eertld-
Gates OF tuCg es. clerks, sheri6s, or Ths opinions
OF respectable attorneys. This Is believed 10
be the best opportunity TO dispose Of surplus
lands in the S0uLn and West Jhzt mas yet been
or can be offered.
Many Of the best and w~eaIthiest citizens OF
the SOuIh and West are warmly embarked In
the enterprise. Tue General ~deadqlarters OF
the Company are in New orleans, bat agencies
exist In all the principal cities The enter
prise has been endorsed By Underwriters,
chambers OF Commerce, Engineers. Mechan-
les, practical navigstors, and al el&ssesof prae-
ticaI men.
The foregoing facts are submitted to the pub
lie IN the confident belief that theE wiz be IN
derstOod and appreciated.