Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-03-18
NAVIGATION.
The Mississippi Valley
NAVIGATION COMPANY
OF THE a@
South and w est,
To the Owners or Real Estate I'm Tenn
nessee, Mississippi, Alabama ana
Arkansas:

To the Owners or Real Estate In TEN
nessee, Mississippi. Alabama ana
| Arkansas;
THE COMPANY KNOWN TO TIE PUB
| i lie as the Mississippi Valley Navisation
| Company Of tho South and West is organized
under a charter from the State. Of Louisiana.
This charter authorizes capital stock OF hye
hundred thousand dollars. with the privilege
Of extension to one million. That the public
the third article Of the charter is given entire,
|" The object of this Company is to construct
or otherwise to procure and maintain one or
and navigate the Mississippi river, or its trib-
utaries, for the purpose of carrying freight,
mails and passengers; TO, construct docks
wharves, buildings and such other construc,,
repairing OF vessels, and generally to exercise
such incidental powers and privileges as are
hereby or may be conferred on them TOR the
purposes aforesaid"
Of this Charter. to construct o line OF steamers
to run between the different ports on the Mis-
sissippi river and its tributaries. They will be
constructed upon the low-pressure, principle;
they will carry less steam (; they will make bet
ter time. and be in all respects more safe than
any description of boats ever placed upon cur
waters. Divided into distinct compartments.
if disaster. whether BY fire or snags. shall hap
case of fire, apparatus for turning steam upon
il will be provided, and il is demonstrated that
steam is the most effective extinguisher OF hre.
In case one compartment y broken through by
others are not endangered, and the boat can
not sink as pumps, provided for such an emer-
gency, will be in instant operation. Safety to
passengers and freight is great end, wor-
thy Of the struggle OF the people OF the Missis-
Nearly three hundred thousand dollars in
money and work has already been subscribed
to the capital stock of the Company. The Lou
isiana Legislature has passed bill subscribing |
one hundred thousand dellars Of stock to the |
Company. An additional sum Of that amount |
will, without doubt, be subscribed BY the |
same body. The Company have resolved to
which thtydesir to call the attention of owners |
of real estate. In the Southern States, on ac-
count of the disorgsn zed condition OF labor.
lands are an membranes. Vast tracts that
bitant taxes. and thus cripple their emily pro-
ductive resources. This Company propose to
take these lands at a fair valuation and issue to
the,owners their stock in lieu. Iflands shall en-
value, and thus the land proprietor will carry
in his pocket the equivalent Of his lands, to be
into money or property without de-
lay. The success Of this great enterprise Is be-
to the benefit Of the enhanced value. Of bis
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 will send to the Agent at
Memphis description Of them, their produc-
tive qualities, the timber. bottom or upland;
whether overfowed or not If overlooked, what
proportion : how near to county town, to rail-
road, depot. river. and all facts necessary to
afford the Company satisfactory idea of the
land. This may be done by certificates of re-
liable, disinterested persons residing in the
The present actual value of
the land may be proved in the same manner.
The party Offering lands must state In his
proposition the lowest figures he will take. The
will not give exorbitant prices. The
titles must be unencumbered BY judgments,
mortgages, deeds Of trust, TAX titles. or other
wise. This may be shown BY official certificates
OF judges, clerks, sheriffs, or the opinions of
attorneys. 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 best and wealthiest citizens Of
the South and West are warmly embarked Ia
the enterprie The General Headquarters Of
the Company are in New Orleans, bat agencies
exist in all the principal cities. The enter
prise has been Endorsed by Underwriters,
Chambers of Commerce, Engineers. Me
chanics. practical navigators. 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.