Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-11-26
NAVIGATION COMPANY.
Mississippi Valley Navigation
COMPANY
-OF THE
SOUTH AND WEST,
No. lI8 Carondslet Street. New Orleans.

Shares (each}, -S1O0each
TIC the owners Of Real Estate in Louisiana.
and Alabama;
T'HE COMPANY KNOWN TO THE PUBLIC
J. as the " Mississippi Valley Navigaten
Company Of the South apd West is orgsh-
lied under a charter from the state of Lon
isiana. This Garter authorizes a capital
stock OF ive Kindred thousand dollars, with
the privilege. of extension TO one million.
That the public nay 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 con-
struet or otherwise 10 procure and maintain
one or mare steamboats, or other vessels, to
run On and navigate the Mississippi river. or
Its tributaries, for the purpose OF ca rying
freight, mails and passengers; to construct
docks wharves, buildings and such other con-
struetiOns as may he necessary to the build.
ing and repairing Of vessels, and generally to
exercise such incidental powers and priyi-
leSesas are hereby or may be conferred on
them for the purposes aforesaid.
The company propose, under the provision
PRESSURE Steamboats, to run between the diff
ferent ports O. the Mississippi river and its
make better time, and freight and passen,
gers without Tounding-to, and, by means OF
endless chains and elevators, receive grain in
bulk and discharge it Qt for shipmenD di-
rectly on board the vessel intended to receive
IT, instead of the present nod of putting il
nrst on shore. thereby saving time, labor and
expense. me boats viii also De divided into
distinct COMPARTMENTS, " they encounter
snaes, or any accident Mould happen to the
hull, the Daat VIII not be endangered. They
will also have complete apparatus for eNtfn-
gushing IRE by steam, and conducting water
oyer thesveSsel for domestic uses and will he
in every respect safer, sWiteF, and better
adapted Tor carrying passengers and freight,
and at a cheaper rate than any boats now
navigating the Mississippi river.
Owing 70 the difficulty OF obtaining cash
subscriptions TO any enterprise, no matter
how great its merit, the Company have de-
terminates TO eCefVesubScrtptiOns in andtO
the Capital Stock. In doing so, we have at
once a substantial basis; and as IL is very
reasonably expected that within a short time
lands viii considerably appreciate in value
this plan will afford US a source of revenue
entirely separate and distinct, aud when
added 10 the expected earnings Of the boats,
cannot, in the natural course Of things, fail
to make the stock q profitable Investment.
Parties having land which ~Oduce them
little or nothing, but on which they are pay
ing taxes, n which cannQt he said at pres
not at ali, will, nl reelection. see this to be an
excellent and unusual plan for realizing on
them. as the certificates of stock Of a 0Om-
pany can be much N are readily disposed of
than lands
over 600 acres of good land have already
been offered aud subscribed.
Books Of subscription to the capital stock Of
the Company are now open at the Office. IFS
CarCndelet street, New Orleans.
Parties st q distance, desiring to subscribe
lands. must send TO the local agents an
stract of title. mortgage certificates. evidence
hat the taxes have been paid. testimony az
responsible parties respecting the value Oftha
land, price, and,i IN fact, nlI Information ne
idea OF thel land offered.
By order OF the Board of Directors.
CHAS. r. BENTON, Secretary.
1T SWAfSE. President.