Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-03-15
COMPANY
OF TIL T.
n sAaAEabgR &
south and w est,
To the Owners OF Real Estate In Ten.
nessee, Mississippi, Alabama and
Arkansas: r

To the Owners OF Real Estate I'm Ten.
nessee, Mississippi, Alabama and
Arkansas. r-a
THE COMPANY KNOWN TO THE PUB
i tic as the Mississippi Valley Navieation
Company ofthe South and West" is organized
under a charter from the State of Louisiana.
This charter authorizes a capital stock OF i've
hundred thousand dollars. with the privilege
of extension 70 one million. That the public
may know the exact object of the Company,
the third article OF the chsrter is given entire.
1.-THE otject of this Company is to construct
or otherwise to procure and maintain one or
more steamboats,, or other. vessels. 10 run on
and navssto the Mississippi river; er is iri1-
mails and passengers; to. construct docks,
wharves, buildings ana such other construc-
tons as may be necessary 10 the building aud
repairing OF vessels, and generally to exercise
such incidental powers, and privileges as are
PURPOSES aforesaid"
The Company propose. under the provisions
of this Charter, to construct aline of steamers
to run between the different ports on tue Mis-
sissippi river and its tributaries. They will be
constructed upon the low pressure principle;
they will carry less steam they +" i'll make bet.
ter time, and be in a respects more safe than
any description OF boats ever placed upon our
waters Divided into eitin compartments.
If disaster, whether by fra 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 case enc compartment is broken through by
contact with snags, and fills with water. the
others are not endangered. and the scat can
not Aink. as pumps. provided for such an emer-
gency, will be in instant operation. Safety to
passengers and freight is q great end. wor-
thy of the struggle OF the people Of the MISS
sippi Valley. asiFr.
money and work has already been subscribed
10 the capital stock of the Company. The Lou
isiana Legislature has passed bill subscribing
ole hundred thousand dollars OF stock to the
will, without DOUBT, be subscribed by the
sane body. The company have. resolved to
take lands for stock. and this is the feature to
which TIL y desire TO call the attention of ownsrs
of real e.ta,e.. In the Southern states: on sc-
count of the disorgan zed condition of labor.
lands are an in umbrancs. Vast tracts that
yield nn revenue to the profriel ors, pay exor-
bitant taxes and thus cripple their only pro-
dueliye resources. This Company propose to
take these lands at fair valuation and issue to
the'owners their stock in lieu Iflands shall en-
nance in value. so will the stock enhsnce IN
yalus, snd thus the land proprietor will carry
in bis POCKET the equivalent OF his lands. 10 be
lay. The success Of this great enter prise Is be-
yond question. The stocKholder, in addition
to the benefit of the enhanced value of bis
lands, will be part owrer OF a line OF boats,
and be entitled TO dividends in their earning.
Persons wishing to exchange laads for the
stock of the Company viii send to thu Agent at
Memphis description Of them, their produc.
tive qualities. the timber, bottom or upland
whether overlooked or not il oveIhDwed, what
proportion how near to county town, 10 rail-
Ioai, depot, river, aud all facts necessary TO
affJrd the Company q satisfactory idea of the
land This may be done by certificates of re-
liable. disinteresied persons residing in the
neighborhooi, The present actual value of
the land may be proved 10 the game manner.
The party Offering lands must stats in his
proposition the lowest figures be will take, The
Company will not give exorbitant prices The
titles must be unenoumbered by judgments,
mortgages, deeds of trust, TAX titles, or other.
wise. This may be shown by official certificates
of judges, clerks, sheriff., or the opinions of
respectable attori eys. 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 hest and wealthiest citizens of
the south and West are warmly embarked in
the enterpfi.e. The General Headquarters Of
the Company are in New Orleans, bat agencies
exist in all the principal cities. Tho enter
prise has been Endorsed 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 AID appreciated.