Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-04-06

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THE COMPANY KNOWN TO THE PUB
nc as the Mississippi Valley Navigation
Compan or the South and West" Is orgsnized
under a chatter from the State OF LOUISIANA
FDis charter authorizes a capital stock OF tvs
nun1reo thousand dollars, with the privilege
OF extension to one million. That the puhlis
may know the exact Object Of the Company,
the third article OF the charter Is given entire,
"The object of this Company Is to construct
or otherWIBs to procure and maintain one or
more steamboats,, or other vessels, u run on
and navigate The Mississippi river, or Its trib-
utariess Tor tbs purpose Of carrying freight,
nails and passengers; to construct OOckH,
WharVes, buildings and Ench otner cOnssruo-
items as may be necessary TO the building and
repairing OF vessels, and generally 70 exercise
such incidental powers and privileges as are
hereby or may D. conferred on them for the
Tie Com pany propose, under the provisions
OF this charter 20 construct q line Of steamers
to run between The Different FORTS on the Gis-
slssippi river and its tributaries. They will be
constructed upon the lOw-pnessurs principle;
they will carry less steam . they VIII make eet-
any description Of boats ever placed upon eur
waters. Divided into distinct COZ partmsuts,
pen to one, the boat is lot endangered In
case OF nre. apparatus Tor turning steam upon
IL VIII De prOVlcedr acd II Is denOnslraSd mat
steam is The INST enecuYe e~xtingu1sher OF IRE
In case one compartment is yrOksa through BY
contact with snags, and nils with water, the
otners are not endangered. and the boat can
not sink, as pumps, provided Tor such an emer-
geney, will g. in instant operation. safety 10
passengers and freight Is a great end, worthy
Of the struggle OF the people Cf the Mississippi
Valley.
Nearly three hundred thousand dollars in
ami WORK mas sire1 dy be=n subscribed
to The capital stock OF the Company. The Lou
iSiana Leg stature has passed 4 ola subscribing
one hundred thousand dollars Of stock TO the
An additional sum Of that amount
will, without a doubt. be Subscribed by tbs
same body. The Company have resolved 70
take lands for stock, and this is tho feature to
which IhEV desire 10 call the Effanffnn nf own
ers of real estate. In the southern States, on
account OF the disorganized condition OF labor,
lands are an tncumbranee- Vast tracts that
yield no revenue to the proprietors, pay exor-
bltant taxes, and thus cripple their only pro-
resources. This Company propose 10
thess lands at a fair valu slfOn and issue 70
the owners their stock in Lieu II lands snail
enhance IN value, 50 viii the stock enhancs in
value, and thus the land prOpristor VIII carry
in his pocket the equivalent OF his lands, TO be
cOnve! ted tatO money or property Without de-
lay. The success OF this great enterprise il be-
yOnd question. n ~stockhOlder, in addition
to the DenedL Of the nhaoced vsiue OF his
lands, will be part owner OF a line VI boats,
and be entitled to dividends In their earnings
PERSONS wishing 10 exchange lanos Tor tue
stock Of the company wilt send to the Agentst
a description OF them, their prOduc-
tive qualities. the timber, bottom or upland
whether overlooked or not II overflow ed, what
propot ton how near TO CO1nty-town, to rail-
road, depot, river, and al facts necessary 10
afford the OmPany a Satisfactory idea OF the
land. This msy be done BY certificates Of re-
liable, disinterestei persons residing in the
nsighbOThOod. The present actual value OF
the land may be proved in the same manner.
The party Offering lands must s1atein his prop
Osi1oD tae lowest nguies be will take b
Company viii not give exOTbitSst prices. The
titles must be untneumbered by iudgments.
deeds OF uust. tax titles. or other
wise This may be shown BY official eertla-
Gates OF JUG ges. clerks, sheriff., or the opinions
Of respectable attorneys. This is believed 10
be the best opportunity TO dispose Of surplus
lands In the South and West thst has yet been
or can be offered.
Many OF the best and wealth1est citizens OF
the South and West are wargiy embarked in
the enterprise. The General headquarters OF
the Company are in New orleans, bat agencies
sxist in all the principal cities I entsr-
prise has been endorsed by Underwriters,
chambers OF commerce, Engineers. Meehan-
practical nsv1gaGors, and all classesof prac-
teal men.
The fOIegoiDg facts are submitted 70 the pub
lie IN the confident belief that they VIII be aR-
and appreciated.