Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-07-21
THE MISSISSIPPI VALLEY
Navigation Company
OF THE
S OUTH AND MES T.
To THE OWNERS OF REAL ESTATE IN
TENNESSEE, MISSISSIPPI, ALA
BAMA AND ARKANSAS:

TENHE COMPANY KNOWN TO THE PUBLIC
i 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 TO one million.
That the public may know the exact object OF
the Company, the third article of the charter
is given entire as follows:
1.-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, Tor the pprPOse Of carrying
freight, mails and passengers to construct
docks wharveS. buildings and such other con-
struetiOns as may be necessary to the build
ing and repairing OF vessels, and generally TO
exercise such incidental power and privi-
leges as are hereby or may be conferred on
them for the purposes aforesaid.
tn Company propose, under the provisions
of this charter to construct a line Of steam
ers to run between the different ports on the
Mississippi river and its tributaries. They
will be constructed upon the loW-preSSure
pIinelplei tneg ~ efEFS isss steam; they
moro safe than any description Of boats ever
placed upon our waters, Divided into dis
tinct compartments II disaster, whether BY
fire or snags, shall happen TO one, the boat is
not endangered. In case of fire, apparatus
az turning steam upon it viii be provided,
and It Is demonstrated that steam is the most
effec4iye e~xttnguasher OF Era. In ease one
compartment is broken through by contact
with snags, and nils with water, the others
are not endangered, aad the.boat cannotsink,
viii be in instant operation. Safety to pas
seagers and freight Is q 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. III
Louisiana Legislature has passed a bill sub
scribing one hundred thousand dollars of
stock TO the Company. An additional sum OF
that amount will, without a doubt, be sub
scriDed by the same body. The Company
have resolved 10 take lGlds for stock, and
this is the feature to whichthey desire to cali
the attention Of owners OF realestata IN the
Southern States, on account of the disOrgan-
lied condition of labor. lands are an fneum
brauee. Vast tracts that yield no rev enue
the prOprietOrs, pay eXorbltant taxes. an
thus cripple their only productive resources.
This Company propose to take these lands at
Q fair valuation and issue to the owners their
stock in lieu. 4flands shall enhance in value,
so will the stock enhance IN value, apd 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 stakeholder, in addition to the
benefit OF the nhanc value Of his lands,
will be part owner of a line Of boats, and be
entitled to dividends in their earnings.
Persons wishing to exchange lands for the
stock OF the Company Will send TO the Agent
ductiye qualities, the timber, bottom or up
whether oyerfioEed CT not; if over
owed, what Pr9Rordon h9S, neaF t5
all facts necessary to afford the Company a
satisfactory idea Of the land. This may be
done by certificates of reliable, DISTINGUISHED
persons residing in the neighhorhood- The
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 will take.
Company will not give exOrbitant prices.
titles must be u-nencumbered by judg-
mortgages, deeds OF trust, tax titles, or
otherwise. This may be, shown by official
certificates of judges, clerks, sheriffs, or the
optntons Of respectable attorneys. This is be-
iteved to be thenest opportunity TO dispose OF
lands In the South and West that has
yet been or can be offered,
Many of the best and w%ealthiest citizens ct
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 ell the principal cities The en-
has been endorsed By Underwriters,
Chambers of Commerce, Engineers MephaHz
practical navigators, and all classes of
practical men.
The foregoing facts are submitted to the
in the confident belief that they vii
be understood and appreciated.
+. Y. Rocket,
nav Is Agent at Memphis.