Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-31
S ouTH ANo WEST.
To THE OWNERS OF REAL ESTATE IN
TENNESSEE, MISSISSIPPI, ALA
BAMA AND ARKANSAS.

TNHE COMPANY KNOWN TO THE PUBLIC
Il as the Mississippi Valley Navigation
company Of the South and West, Is organ
lied under a charter from the State of Lou
isiana. This charter authorizes a capital
stock of five hundred thousand dollars, with
the privilege OF extension 20 one million.
That the public 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 con-
Struct or otherwise to procure and maintain
one or more steamboats, or other vessels, to
run on and navigate the Mississippi river, or
its tributaries, for the purpose Of carrying
freight, mails and passengers; to construct
docks wharves, buildings and sueh other son
Structtons as may be necessary TO the build
ing and repairing of vessels, and generally 70
exercise such incidental powers and prtY1-
leges as are hereby or may be conferred on
them for the purposes aforesaid.
The Company propose, under the provisions
of this charter 20 construct a line of steam
Mississippi river and its tributaries They
Will be constructed upon the low-presSure
principle; they Will carry less steam; they
VIII make better time, and be in all respects
more safe than any description OF boats ever
placed upon our waters. Divided into dis
ffnct COMPARTMENTS ff disaster. whether BY
ire or snags, shall happen to one, the boat Is
not endangered. In case Of IRE, apparatus
for turning steam upon IL viii be provided
and IL Is demonstrated that steam Is the most
effective extinguisher Of FIRE. In case o
compartment is broken through by contact
with snags, and nils with water, the Others
are not endangered, and the boat cannot sink,
as pumps, provided for such an emergency,
win be in instant operation. Safety TO pas
sengers and freight is a great end, worthy OF
the struggle OF the people OF the MISSISSIPPI
Valley.
Nearly three hundred thousand dollars IN
money and work has already been subscribed
to the capital stock OF the Company. The
Louisiana LegislatursRas passed q bin sub
seribing one hundrOR Thousand dollars Of
that amount win, without a doubt, be sub
Scribed by the same body. The company
have resolved to take land for stock, n
fhgo L. fba faofr1ra 10 urhfQh fhlV desire 70 call
the attention of owners OF real estate. In the
Southern States. on account Of the dtsorgan-
lied condition of labor. lands are an tncum-
brance. Vast tracts that yield no revenue TO
the proprfetOrs, pay exorbitant taxes anu
thus cripple their only productive resources.
This Company propose to take these Ianos a.
a fair valuation and issue TO the owners their
4 stock in lieu. If lands shall enhance IN value,
so will the stock enhance in value, eno nus
| equivalent Of his lands,t 10 be eonverted into
| money or DroDerty without delay. II sue
cess Of this great entsrprSs asS1sca ~
| benedt OF the enhanced value Of his lands,
viii be part owner OF q line OF boats, and be
| entitled to dividends in their earutngs-
/ Persons wishing to exchange lands for the
| stock of the Company VIII send to the Agent
| at Memphis a description or them, tnelr pro
| ductive qualities, the timber, bottom or up
! land; whether overdowed or not; II over
1 flowed, nat proportioni how near 70
e9unty-town, to railroad dePos' ranas.1
l satisfactory idea of the land nus may De
| lone by certificates Of reliable, d2slntsresled
1 persons residing In the n~eighborhood The
| present actual value of the land may be
| proved in the same manner. The party
| offering lands must state IN MS prop
! Osition the lowest figures he VIII (
| The Company will not give exorhitant prices.
| The titles must be unencumbered by judg-
| ments, mortgages, deeds OF trust, tax titles, or
/ otherwise. This may be shown by o11eial
| certificates of judges, clerks, sneFifs, or the
| opinions of respectable attorneys. This Is be-
I lieved to be the best opportunity to dispose OF
/ surplus lands in the South q West that mas
/ yet been or can be offered.
Many Of the best and wealthiest citizens OF
l the South and West are warmly emDarkeo IN
the enterprise. The General Headquarters OF
the Company are In New Orleans DnL agen-
cies exist in all the principal cities. Inc en-
1 terprise has been endorsed by Onderwrltors
Il Chambers of Commerce, Engineers, Meenan-
les, practical navfgators, and all classes OF
L practical men. eha
The foregoing mets are submitted 10 tnS
/ public In ne confident belief that thsss VIII
be understood and appTeeiatedszE~r
azent &c Memphis.
/. ~ II