Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-02-19
II MISSISSIPPI VALLEY NAvIeA.

( - MANAgA
TI0N COMPANY.
Tas ref sotion We have found leisure TO
isvototo ths merits Of this great enter
p-ise has not bssa Without results. At
drst it seemed complicated, but coon be-
anne clear. We give il our hearty sp-
proyaI, aud recommend It 20 ths fsvora-
bic consideration Of our fsiioW-cilixeus.
The company, Of which Capt. DE IA
VEN Is the head IL organized under 3
ess7ier from the State OF Louisiana. The
capitol stock is fixed It $500, 600, but
wiz '.e privilege Of advancing 1t to
Fl coo. oae. The greater psr5 Of this
f500. CO. IS already subscribed and the
balance will DO speedily taken. We
learn that it is the intention of the d.
7ectory 20 avaa themselves Of the priv
Isce o. making It 81, eco 900. The PR
nary object Is 70 place upon the Missis-
sippi river ard ls tributaries steamers
constructed upon an improved plan.
It is euseepa.ls o. demonstration that
hey vilI be stronger, safer and more
comm0dIous than any cCsts ever put
unCn the waters q tire South and West.
We sre not, OF e5uTze, competent to dis
cuss, scientifically, the details which
establish the superiority Of the D-HaTen
Improvement, but We thi1k it no easy
task for mechanics to controvers IL. II
travel upon the Mississippi and it5 trlou-
tarles could be rendered lees hazardous
or could it De sppE1zimecsc to SAFETY our
rivers would be covered with steamers
5esripe human souls In LGmbsE5 I0Ite
sufficient to COZ ,itute a greststats. For
pleasure and for pr5hk Uhither would
taz people flock.
The Compsny have determined to add
great land feature TO the enterprise.
Ia the South and West, on account Of
the extent Of territory and the lack Of
labor, there Is 3 plethora Of land. They
PROPOSE to take such Of thess lards-at
their actual cash valus-as may be offer
ed, and issue 10 the propTiotOrs stock
IN the company. Tnis feature, Of itself,
should commend the enterprise to the
favor OF the public. There IS 40 probs-
bility that, in any contingency
likely to occur, cur lands will de-
preciate in value. Indeed the prob
abilities are Ia tbs Opposits d.
reeuon. But, ssys an oblsetoF, If lands
should advance, the holder had better hold
on to them. We reply, il the lands en-
hanes Ia value, 60 VIII the stock that has
been exchanged FOR them, and he cannot
lose. Besides, his lands are In a shspe
convenient for negotiation. Hs may
or sell his stock st viii, bat the
land which il represents Is unwiel6y, and
requires foFuali,iss sid expense In
transfer. Stock il 2 million dollars
OF Sluthsrn AMI Western Isrds!
Could there be g. safer invest
ment? Tell "a in what direction,
sud in What2 10 what can the surplus
Of the SoUta be invested that
yield greater advantages to the
DroPrleto1s than tb3ss offered by The
Navigation Company Of the Mississippi
Taey must pay the tax on
them. They must care Tor them il many
while they produce nothing. But
the Re pres sanitation o. their value, 10 the
shape OF stsck, requires no care ind pays
DO tax. Now, We SAX tas ~laadaoldsr to
upon this subject and determine
The question Tor himself. Labor is searse,
and land is a drug to the owner. This
company will take it. Ia
few years our lands may go
30 on 9ccoGnt Of RCcsssioas 20
0nr population. Say We obtain foE the
Company = million acres, worth : mil
on dollars. Land that was put into
stock at one dollar rises 70 five. Ia.
stead Of one million dollsys, the land is
worth five millions. So, also, IS the
.tOck, that at frat was only worth 5
now worth five millions. How
AN the stakeholder lose? Besides, the
ItCckholder is interested in e lie Of
tesmers upon our rivers, and Is entitled
dividends OF the profits. Again We
Isk our readers TO investigate the cut
Thst they v i'll come to conclu-
similar TO those at which VIC have
arrived, We entertain no doubt.