Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-03-13
South and w est,
w g.
To the Owners Of Real Estate In Ten.
nessee, Mississippi, Alabama and
Arkansas:

To the Owners OF Real Estate In Ten
nessee, Mississippi, Alabama and
Arkansas;
| i lie as the Mississippi Valley Navigation
Company of the South and West Is organized
under charter from the State Of Louisiana
This charter authorizes capital stock OF hve
hundred thousand dollars. with the privilege
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:
or otherwise to procure and maintain one or
more steamboats,, or other vessels. to run on
and navigate the Mississippi river. or It's trit-
utaries, for the purpose of carrying freight,
wharyes, buildings and such other construc.
lions as may be necessary to the building and
repairing OF vessels, and generally to exercise
such incidental powers and, privileges as are
hereby or may be conferred On them Tor the
PURPOSES aforesaid"
The Company propose, under the provisions
of this Charter, to construct line OF steamers
to run between the different ports on the Mis-
sssip pi river and its tributaries. They will be
constructed upon the low pressure principle Z;
they will carry less steam they will make bet
ter time. and be in all respects more safe than
any description of boats ever placed upon our
waters Divided into di.tinct compartments,
If disaster. whether BY fro or snags, shall hap
pen to one, the boat is not endangered. In
case of fire, apparatus for turning steam upon
it will be provided. and it is demonstrated that
steam is the most effective extingu sher of fire.
In csse enc compartment is 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 ia instant operation. Safety to
passengers and freight is great end. wor-
thy Of the struggle OF the people Of the Missis-
sippi Valley.
Nearly three hundred thousand dollars in
haa nj Axr Ill
to the capital stock of the Company. 1he Lou
isiana Lego lature has passed a bill subscribing
one hundred thousand dollars Of stock to the
Company. An additional sum of that amount
will, without y DOUBT, be subscribed by the
same body. The Company have resolved to
take lands for stock. and this is the feature to
which tn y desire to call the attention of owners
Of real estate. In the Southern States. on ac-
count of the disorgan zed condition of labor,
lands are an in um brancs. Vast tracts that
yield no revenue to the proprietor s, pay exor-
bitant taxes. and thus cripple their emily pro-
ductive resources. This Company propose to
take these lands at fair valuation and issue to
the.owners their stock in lieu. Iflands shall en-
hance in value, SO will the stock enh ance in
value. and thus the land proprietor will carry
in his pocket the equivalent of his lands, TO 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 benefit OF the enhanced value Of his
lands. will be part owner of line of boats,
anu DC tutllltu ~ ulfiutuuS III tutlf earnings.
Persons wishing to exchange lands for the
stock of the Company will send to the Agent at
Memphis a description Of them. their produce
tive qualities, the timber, bottom OF upland;
whether overlooked or not If overlooked, what
proportion how near to county town, to rail-
road. depot. river, and all facts necessary to
affyrd the Company satisfactory idea of the
land. This may be done by certificates of re-
liable, disnterested 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
proposition the lowest figures he will take The
Company will not give exorbitant prices The
titles must be unencumbered by judgments,
mortgages, deeds of trust, TAX titles, or other
wise. This may be shown by off ciai certificates
of judges, clerks, sherifs, or the opinions of
respectable attorneys. This is believed to be
the best opportuniy 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 enterpii,e. The General Headquarters of
the Company are in New Orleans, bat agencies
ex st in all the principal cities. The enter
Prise has been indorsed by Underwriters,
Chambers of Commerce, Engineers, Me.
chanics. practical nayigators. and all classes Of
practical men.
The foregoing facts are submitted to the pub
lie in the confident belief that they will be un-
derstood ard appreciated.