Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-03-23

nessee, MissIssippi. aba and Ar
KANSAS
Il lie as the " Mississippi Valley Navigation
company of the South and West" is organized
under a cn6rter from the State OF Louisiana.
thls charter authorizes a capital stock OF i've
hundred thousand dollars, with the privileges
OF extension TO one million. That the public
may Know the exact object 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
more steamboats,, or other vessels, to run on
and navigate The Mississippi river, or its trlb-
mails and passengers; to construct cocks,
wharves, buildings and such other construc-
tons as may be necessary to the building and
repairing OF vessels, and generally 10 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
of this charter to construct a line OF steamers
to run between the different ports on the MS
s1ssippt river and its tributaries. They will be
constructed upon the low-pressure principle;
they will carry less steam they will make aet-
ter time, and be In all respects more safe than
any description OF boats ever placed upon eur
waters. Divided into distinct conf artments,
II disaster, whether by fire or snags, shall hap
pen TO one, the boat IS not endangered. IN
case Of nre, apparatus for turning steam upon
it will be provided, and it is demOustra5ed that
steam is the most eff Give extinguisher OF IRE
In case one compartment is roken through by
contact with snags, and nils with water, the
others are not endangered, and the boat can
not sink, as pumps, provided for such an emer-
gency,w will be in instant operation. Safety to
passengers and freight is a great end, worthy
Of the struggle of the people Of the Mississippi
Valley.
Nearly three hundred thousand dollars in
money and work has already been 50 bscrfbed
to the capital stock OF the Company. The Lou
isians Legislature has passed a bill subscribing
one hundred thousand dollars 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 is the feature TO
which they des1e TO call the attention OF wi
ers OF real estate. In the southern States, Oh
account of the dlsorganized% eopdIt.on Of labor,
lands are an incUmbrance. Vast tracts that
yield no revenue to the prOprie.ors, pay exOr-
bltant taxes, and thus cripple their only pro-
ductiVe resources. This Company propose to
take these lands at q fair valuation and fssueto
the owners their stock in lieu. II lands shall
enhance in values so will the stock enhance in
value, and thus the land proprietor Will carry
in his pocket the equivalent of his lands, to be
converted tuto money or property without de-
lay. The success of this great enterprise Is be-
yOnd question. The stOckhOlcer, in addition
to the bene1t OF the enhanced value OF his
lands, will Dc part owner OF a line Of boats,
and be entitled 10 dividends in their earnings.
Persons wishing TO exchange lands TOR toe
stock OF the Company will send to the Agentat
Memphis a description of Them, their pTOduc-
tive qualities. the timber, bottom or upland
whether overlooked or not; If OveIfowed, what
proportion f; how near to cOunty-tOWn, to rail-
- ~
afford the Company a satisfactory idea OF the
land. This may be done by certificates OF re-
liable, 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 state in his prop
OsitiOn t1e lowest figures he will take. The
Company viii not give exOrbitaEt Irices. The
titles must be by judgments,
mortgages. deeds OF trust. tax titles, or other-
wise. IhiS may be shown by Official CertiE-
Gates Of tuC ges. clerks, sherihs, 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 ere warmly embarked in
the enterprise. The General Headquarters of
the Company are in New orleans, but sgencies
exist in all the principal cities. The enter
prise has been endorsed by UnderWriters,
chambers OF commerce, Engineers, Meehan-
les, practical navigaJOrs, ana all classes of prac-
teal men.
The foregoing facts are submitted to The pub
lie in the confident belief hat they Will be I'M
derstOOd and appreciated.