Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-12-02
NAVIGATION COMPANY.
mississippi Valley Navigation
OF THE
SOUTH AND WEST,
No. H8 CarOBdeIet Street. New Orleans.

Shares (each), -Sl00eaeh
To the owners Of Real Estate in louisiana.
Mississippi, Tennessee, Arkansas, Texas
and Alabama:
THE COMPANY KNOWN TO THE PUBLIC
i as the " Mississippi Valley Navigation
Company OF the South and West, Is organ
lied under a charter from the State Of Lou
isiana. This charter authorizes a capital
stock Of five hundred thousand dollars, with
the privilege OF extension TO one million.
That the public I0ay know the exact object OF
the Company, the THIRD article Of The charter
is given entire as follows:
"The object OF this Company Is 10 con-
struct or otherwise 20 procure and maintain
one or more steamboats, or other vessels, to
run on aud navigate the Mississippi river, or
It's tributaries, for the purpose Of ca rytng
freight, mails and passengers; 10 construct
docks wharveS. buildings and such other con-
structiOns as may be necessary TO the build
ing and repairing Of vessels, and generally TO
exercise such incidental powers ana pr1vl-
leges as are hereby or may be conferred on
them for the purposes aforesaid.
The Company propose. under the provision
of this charter to construct a line OF Low
PRESSURE steamboats, 10 run between the DIFF
ferent ports Oh the Mississippi river and It's
make better time, land freight and passen-
gers without rOundiug-to, and, by means OF
endless chains and elevators receive grain in
bulk and discharge 1t Ut for shlpmenD d.
reet!y ON board the vessel iutsuded to receive
It, instead Of the present mode Of putting II
first on shore. thereby saving time. labor and
EXPENSE Inc DA8tin Viii At,4 De 4Aklltu mo
distinct cOmpaTtments-so, if they encounter
snags. or any accident should happen to the
hull. the boat will not be endangered. They
will also have complete apparatus for eXtin-
gushing IRE by steam, and conducting water
over the vessel FOR domestic use: and will be
In every respect safer, swifter, and better
adapted for carrying passengers and freight,
and at a cheaper rate than any boats now
navigating the Mississippi river.
owing to the difficulty Of obtaining cash
subscriptions TO any enterprise, no matter
how great its merit, the Company have de-
Z terminated to receive absorption in LandtO
/ the Capital Stock. In DIN so, we have at
once n substantial basis; and as It Is very
reasonably expected that within a short time
lands will considerably appreciate in value
{ this plan-Wiu afford Us a source of revenue
/ entirely separate and distinct, and when
added 10 the expected earnings Of the boats,
'eannot, in the natural course. Of things, tall
! to make the stock a profitable investment
Parties having land which produces them
I little or nothing, but on which they are pay
ing taxes, and which cannot be sold AT pres
ent, except at a great sacrifice, and perhaps
{ not at all, viii. on reflection. soc this 70 be an
4 excellent and unusual plan for realizing on
them, as the certificates of stock OF "a COM
pany can be much n ore readily disposed OF
than lands,
/ been offered and subscribed
Books of subscription 20 the capital stock OF
I the Company are now open at the Office, lis
CarOndelet street, New Orleans.
Parties at a distance, desiring 10 subscribe
lands must send to the local agents alb
stract Of title. mortgage certificates, evidence
that the taxes have been paid, testimony OF
responsible parties respecting the value Of
land, price. and, IN fact, all Information ne,
eessary % give the Company a satisfactory
idea of the land offered.
BY order Of the Board OF Directors
CHAS. r BENTON, Secretary.
J.T.SWAINE. President.