Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-03-16
The Mississippi Valley
"a l&0AK 81 Mttt 3 6&
NAVIGATION COMPANY
- OF III T. M
eAAGGT1 "
SOuth and w est,
To the Owners Of Real Estate fn Ten.
nessee, Mississippi, Alabama and
Arkansas: h rgn

To the Owners OF Real Estate in Ten.
nessee, Mississippi, Alabama and
Arkansas; ngn
THE COMPANY KNOWN TO TIE PUB
l. lie as the Mississippi Valley Navieation
Company of the south and Yves" Is organized
under a charter from he State. Of Louisiana.
This charter authorizes q capital stock OF i've
hundred thousand dollars. with the privilege
of extension to one million. That The public
may know the exact ebjecs of the Company,
the third article Of the charter is given entire,
as follows:
:" The object of this Company is TO construct
or otherwise to procure and maintain one or
and and navigate the Mississippi river, Or its triO-
utaries, for the purpose of carrying freight
mails and passengers; to construct docks,
wharves, buildings ana such other construc-
tons as may be necessary to the building aud
repairing OF vessels, and generally to exercise
such incidental owers and privileges as are
hereby or may he conferred on them Tor the
PURPOSES aforesaid"
The Company propose. under. the provisions
of this Charter. to Construct q line Of steamers
to run between the different ports on the Mis-
sissippi river and its tributaries. They will be
constructed upon the low-pressure principle
they will carry less steam /; they will make bet
ter time. and be in AL respects more safe than
any description Of boats ever placed upon our
waters Divided into di tinct compartments,
if disaster, whether by. fire or snags. shall hap
pen to one, the boat is not endangered. In
case OF fire, apparatus for tuning steam upon
it will be provided, and il is demonstra ed that
steam is the most effective extinguisher of FIRE:
In case enc compartment ls broken through by
contact with snags, and fills with water. the
others are not endangered, and the boat can
not sink, as pumps. provided Tor such an emer-
gency, will be in instsnt operation. Safety TO
passengers and freight is great end. wor
thy Of the struggle Of the people of the Missis-
siopi Valley.
Nearly three hundred thousand dollars in
money and work has already been subscribed
TO the capital stock of the Company. The Lou
isana Legislature has passed bill subscribing
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. aud this is the feature to
which tn y desire to call the attention oil owners
of real estate, In the Southern. States; on ac-
count of the dlsorgsn zed condition Of labor.
lands are an in umbrauc,. Vast Tracts that
yield no revenue to the proIrietors. pay exor-
bitant taxes. and thus cripple their emily pro-
ductiye resources. This Company propose to
take these lands at a fair valuation and issue to
theiowners their stoek in lieu. Iflands shall en-
hanee in value. so will the stock enhance in
value, and thus the land proprietor will carry
in his pock OF the equivalent of his lands, 10 be
converted into money or property without de-
lay The success of this great enterprise is be-
yond question. The stockholder, in addition
to the beneht OF the enhanced value OF bis
lands, will be part owner OF n line OF boats,
and be entitled TO dividends in their earnings.
Persons wisbipg to exchange lands for the
stock of the Company will send to the Agent at
Memphis description Of them, their prcduc-
tive qualities, the timber, bottom or upland
whether overlooked or not If overlowed, what
proportion how near to county town, TO rail-
roaJ, depot. river, aud all facts necessary to
afford the Company a satisfactory idea of he
land. This may be done By certificates of re-
liable, disinterested persons residing in the
neighborhood, The present actual value Of
the land may DO proved in the Same manner.
The party Offering lands must state in his
proposition the lowest figures he will take. The
Company will not give ex0roitant prices. The
titles must be unencumbered by judgments,
mortgages, 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 to be
the best opportunity 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 0rlNsus. but agencies
exist in all the principal cities. The enter
prise has been indorsod by Underwriters,
Chambers Of Commerce, Engineers, Me .
chanios. practical navigators, and all classes of
practical men.
The foregoing facts are submitted to the pub
lie in the confident belief that they will be I'M
derstood AID appreciated.