Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-07-28
THE MISSISSIPPI VALLEY
Navigation Company
OF THE
S OUTH AND YVES 7.
TO THE OWNERS OF REAL ESTATE IN
TENNESSEE, MISSISSIPPI, ALA
RAMA AND ARKANSAS:

DANA AM hAAh4A-ffT4AE7s
VVNHE COMPANY KNOWN To THE PUBLIC
! as the Mississippi Valley Navigation
Company of the South and West, IS organ
lied under charter rom the state OF Lou
isiana. This charter authorizes q capital
stock Of five hundred thousand dollars, with
the privilege of extension TO one million.
That tn 5hs pgRe may k19z tes - sF9ss nc o9bess eba q
is given entire as follows.
"The object Of this Company is 70 con-
Struct or Otherwise TO procure and maintain
one or more steamboats, or other vessels, to
run on and navigate the Mississippi river or
It's tributaries, for the purpose OF carrying
freight mails and passengers; To construct
docks wharves, buildings and such other con-
structiOns as may be necessary to the build
ing and repairing OF vessels, and generaIly 20
exercise such Incidental powers ana priNl-
leges as are hereby or may be conferred on
them for the purposes Aforesaid.
The Company propose, under the provisions
of this charter to construct 2 line Of steam
eTs to run between the different ports on the
Mississippi river and its tributaries They
Will be constructed upon the lOw-pressure
principle; they will carry less steam; they
Will make better time. and be in all respects
more safe than any description OF boats ever
placed upon our waters. Divided INTO dls-
tinct compartments, If disaster, whether by
fire or snags, shall happen 10 one, the boat is
not endangered In case OF IRE, apparatus
for turning steam upon it will be provided,
and II Is demonstrated that steam is the most
effective extinguisher Of IRE. In case one
compartment is broken through by contact
with snags, ard fills with water, the others
are not endangered, and the boat cannot sink,
as pumps, provided for such an emergency,
will be in instant operation Safety to pas
sengers and freight is a great end, worthy OF
the struggle of the people OF the Mississippi
Nearly three hundred thousand dollars in
money and work has already been subscribed
to the capital stock OF the Company The
louisiana Legislature mas passeQ PII SUP D
scribing one hundred thousand dollars OF
stock to the Company. An additional sum Of
that amount win, without doubt, be sub
scribed by the same body The company
have resolved to take lands for stock. and
this is the feature TO which they desire 70 call
the attention of owners of real estate. In the
Southern States. on account of the dtsOrgan-
fzed condition Of labor lands are an ncum
bralfce. Vast tracts that yield no rev Cnue
thus cripple their only productive resources.
This Com pany propose 10 take these lands at
a fair valuation and issue to the owners their
stock in lieu. II lands snail enhance IN Eitlue,
so viii the stock enhance in value, and thus
the land proprietor carry IN his pocket the
equivalent of his lands, to be converted into
money or property without delay. The sue
cess Of this great enterprise Is beyond ques-
ton. The stOclxhOlder, in addition to the
benefit of the enhanced value of his lands,
will be part owner of line OF boats, and be
entitled to dividends in their earnings.
Persons wishing to exchange lands for the
stock of the Company VIII send 70 the Agent
ut Memphis a description of them, their pro-
ductive qualities, the timber, bottom or up
land; whether OverhOwed or not; If over
flowed, what proportion; how near TO
cOunty-tOwn, to railroad, depot, river; and
all facts necessary to afford the Company
satisfactory idea OF the land. InlS may De
done by certificates of reliable, dtsinterested
persons residing in the neighborhOod. Inc
present actual value of the land may be
proved in the same manner. The party
Offering lands must state in his prop
osition the lowest figures he viii take.
The Company will not give exOrbitant prices.
The titles must be unencumbered by iudg-
ments mortgages, deeds of trust tax titles, or
otherwise. This may be shown by official
certificates OF judges, clerks, sheritts, or he
opinions of respectable attorneys. This Is be-
Iieved to be the best opportunity to dispose of
surplus lands in the South and West that has
vet been or can be offered.
Many of the best and Wealthiest citizens of
the South and West are warmly embarked in
the enterprise. The General Headquarters Of
the Company are in New Orleans, but agen-
eies exist in all the principal cities. The en-
terprise has been endorsed by Underwriters,
Chambers of Commerce, Engineers, Mechan-
les, practical navigators, and all classes of
practical men.
The foregoing facts are submitted to the
public in the confident belief that they viii
be understood and appreciated.
f.. Y. Rocket,
my l5 Agent at Memphis.