Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-13


O4HE COMPANY KNOWN TO THE PUB
L lie the Mississippi Valley Navigation
Company of the South and West, is organized
under a charter from the State of Louisiana.
This charter authortzes a capital stock OF i've
hundred thousand dollars, with the privilege
of extension to one million. That the pubic
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 steam boats, or other vessels, te run on
and navigate the Mississippi river, or its tr1b-
utaries, Tor the purpose of carrying freight,
Lslls eHV aSs PsSl " ooL,Ie .l uSt acsAS
lions as may be necessary 20 the building and
repairing OF vessels, and generally 70 exercise
such incidental powers and privileges As are
hereby o. may be conferred on them for the
purposes aforesaid aaeT
The Coua pany propose, under the provisions
of this charter 20 construct line Of steamers
to run between the different ports on the MIS-
sissippi riyer and its tributaries. They viii be
constructed upon the low pressure princi pie;
they win caEiy less steam they viii make Oct
ter time, and De in all respects more safe than
any description Of boats ever placed upon cur
waters. Divided into distinct coaO partLnentS,
II disaster, whether by fire or snogs, shall nap
pen to one the boat is not endangered. In
case OF IRE, apparatus Tor turning steam upon
II will be provided, and II is demonstrated hat
steam is the IN Ust effective extinguisher of ire
In case one compartment Is oroken through by
contact with snRgs, and fills with water, the
otuers are not endangered. and the boat cam
not sink, as pumps. provided for such an emer-
gency, viii be in instant operation. Safety 70
passengers and freight is a great end, worthy
of The STA uggle OF the people Of The Mississippi
Valley,
Nearly three hundred thousand dollars In
money and WORK has already been subscribed
20 the capital stock of the Company. The Lou
isiana Legislature has passed 8 bill subscribing
one hundred thousand dollars of stock to the
Company. An additional sum of that amount
viii, without a doubt, be subscribed by the
same body. The Company have resolved to
take LANDS for stock, and this is the feature to
aetr
OF real e5ta' Q. In the southern states, Oh
account OF the dlsorganized condition Of labsr,
lands are an incumbranee. Vast tracts that
yield no revenue 70 the proprietors, pay exor-
bitant taxes, and thus cripple their only pro-
duetive resources. This Company propose to
take these lands al fair valu 3tion and issue TO
the owners tuelr stock in lieu. II lands shall
enhance in value, so win the stock enhance IN
value, and thus the land proprietor viii carry
in his pocket the equivalent OF his lands, TO be
converted tuto money or property without de-
lay. Tne success OF this great enterprise is be-
yond question. The stockholder, in addition
TO the benefit OF the enhanced value OF his
lands, viii be part owner OF a line of boats,
and be entitled to dividends in their earnings.
Persons wishing 70 exchange lands for the
stock Of the Company will send to the Agent at
IA AeInphls description OF them, their pTOduc-
tive qualities. the timber, bottom OF upland
whether overfiOwed or not IL oveTfoWed, what
proportion; how near to connty-tOwn, to rail-
road, depot, river, and all facts necessary TO
afford the Company satisfactory idea of the
land. This may be done by certificates OF re-
Liable, disinterested persons residing IN the
neighb0rhOod. The present actual value OF
the - may be proved in the same manner.
The 10y Offering isnds n ust statein his prop
Osition toe lowest figures he will take. The
Company viii not give exorbitaAt prices. The
titles must be uneneuunbsred by Judgments,
mortgages. deeds OF iInst. tax titles, er other.
wise. This may be shown by official eertih-
Gates OF 1pc ges. CLERKS, sheriff. or the opinions
Of respectable attorneys. This Is believed 10
be the best opportunity to dispose of surplus
lands in the South and West that has yet been
or eau be offered.
Many OF the best and weslthiest citizens Of
the SoaJh and West are warmly embarked in
the enter prise. The General Headquarters Of
the Company are in New orleans, bnt agencies
exist In 5Il the principal cities, The enter
prise las been endorsed by Underwriters,
chambers OF Commerce, Engineers. Meohan-
les practical navigsBors, ana all classes OF prac
tical men.
The foregoing facts are submitted to the pub
lie in the confident belief that they viii be IN
derstood and appreciated.