Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-11-23
NAVIGATION COMPANY,
-OFTHE-

Capital Stock, sl,O0O, OOC
Shares (each), SI00each
To the owners of Real Estate in Louisiana
Mississippi, Tennessee, Arkansas, Texas
and Alabama;
.UNHE COMPANY KNOWN To THE PUBLIC
i as the Mississippi Valley Navigation
Company of the South and West, is organ
lied under q charter from the State Of fou-
iSiana. This charter authorizes a capita
stock OF five hundred thousand dollars, with
tue privilege OF extension to one million.
That the public mag know the exact object OF
the Company, the third article of the charter
Is given entire as follows:
THE object OF this CCmpany is to con
stTuct OF otherwise 10 procure and maintain
one or more steamboats, or other vessels, 10
run on and navigate the Mississippi river, OF
its tributaries, fOr the purpose Of ca Tying
freight, mails and passengers; 10 construct
docks wharVes, buildings and such other con-
structtOns as may be necessary to the build
ing and repairing Of vessels, aud generally TO
exercise such incidental powers and priv
leges as are hereby or may be conferred on
them for the purposes aforesaid.
The Company propose, UNDER the provision
OF this ehaFteT 10 construct q line OF Low
PRESSURE Steamboats, 10 run between the dif-
ferent ports % the Mississippi river and Us
tributaries. They VIII carry less steam,
make better time, land freight and passen-
gers without rOundlag-to, and, by means OF
endless chains sud elevators. receive grain in
bulk and discharge Ii ut for Shlpmsntl di-
rectiy on board the vessel intended to receive
It, instead OF the present o of putting It
first on shore. thereby saving time, labor and
expense. The Boats viii also be divided into
distinct COMPARTMENTS, II they encounter
snags, or any accident should happen to the
hull, the boat viii not be endangered. They
viii also have complete apparatus for eStin-
gushing fire by steam, and conducting water
over the vessel for domestic uses and will be
In every respect safer, sWiiter, and better
adapted for carrying passengers and freight.
and at a cheaper rate than any boats now
navigating the Mississippi river.
Owing 70 the difficulty Of obtaining cash
subscriptions to any enterprise, no matter
how great its merit, the Company have de
terminated to receive absorption IN LandtO
the Capital Stock. In doing SO, we haye an
once a substantial basis; and az il Is very
reasonably expected that within a short time
lands VIII c0ilsl1er9bly appreciate in value
this plan viii afford Us a source of revenue
entirely seperate and distinct, and when
added TO the expected aFninqs of the boats
cannot, in the natural course of things, fail
TO make the stock Q profitable Investment.
Parties having land which produces them
little or nothing, hut ON which they are nav
ing taxes, and which cannot be sold at pres
ent. except at n great sacrifice, and PERHAPS
not at all, Will, on reflection. see this to he an
excellent and unusual plan for realizing on
them, as the certificates of stock of a cpm-
pany can be much n IRE readily disposed Of
over Is, 600 acres Of good land have already
been offered and subscribed.
Books of subscription 10 the capital stock Of
the Company are o open at the office, us
C~arOndelat street, New Orleans.
Parties al n distance. desiringtO subscribe
lands, mus. send to the local agents ab-
Stract OF title, mortgage certificates. evidence
that the taxes have been paid, testimony 81
responsible parties respecting the value ofthe
land, price, and, in fact, all information ne
eessaEy 70 gave me company a satisfactory
idea OF the land offered.
BY order of the Board OF Directors.
CHAS. r. BENTON, Secretary.
J.T.SWAYNE. President.