Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-21
TO THE OWNERS OF REAL ESTATE IN
TENNESSEE, MISSISSIPPI, ALA
RAMA ANn Mag. r

To THE OWNERS OF REAL ESTATE IN
TENNESSEE, MISSISSIPPI, ALA
BANA AND ARKANSAS:
THE COMPANY KNOWN TO THE PUBLIC
Il as the q Mississippi Valley Navigation
Company OF the south and West, Is organ
lied under a charter from the State of Lou
isiana. This charter authorizes q capital
stock of five hundred thousand dollars, with
the privilege OF extension TO one million.
That the public may nov the exact object OF
the Company, the third article Of the chatter
is given entire as follows:
THE object Of this Company IS TO con-
struct or othePwisetO procure and maintain
one or more STEAMBOATS, or other vessels, to
run on aud navigate the Mississippi river, or
It's Tributaries, for the purpose Of carrying
freight, mails and passengers; 10 construct
docks Wharves, buildings and such other con-
struetiOns as may be necessary To Tie build
ing and repairing Of vessels. AND generally to
exercise such Incidental powers and pFiTi-
Ieges as are hereby or may he conferred on
them for the urpoS Aforesaid.
The Company propose, under the provisions
of this charter TO construct a line OF steam
eTs to run between the different ports on the
Mississippi river and its tributaries They
VIII be constructed upon the lOw-pTessure
principle; they will carry less steam they
VIII make better time. and be IN all respects
more safe than any description of hoass eve
placed upon our waters. Divided into dis
tinct compartments il disaster, whether by
not endangered. In ease of FIRE. apparatus
for turning steam upon IL Will be provided.
and IL is demonstrated that steam Is the most
effective extingulsher OF IRE. In case one
compartment is broken through by contact
with SnagS, andfils with water, the others
are not endangered. and the boat eannot sink,
as pumps, provided for such an emergency.
viii be in instant operation. Safety To pas
sengerS and freight is a great end, worthy of
The struggle OF the people of the Mississippi
Nearly three hundred thousand dollars In
none and work has already been subscribed
to the capital stock OF the Company. The
/ ONlFEfann / AEtNAgTnEn Inns NASSAU n hill sinh
scribing n hundred thousand dollars of
stock 10 the company. An additional sum OF
thai amount win, without a doubt. be sub
seribed by the same body. The Company
have resolved to take lands for stock, and
this IS the feature to which they desire TO call
the attention of owners ofreal estate. Inthe
Southern States. on account OF the disOrgan-
lied condition OF labor lands are an incuin-
brance. Vast tracts That yield no revenue to
the proprietors, pay exorbitant taxes, and
thus cripple then only productive resources,
This Company propose to take these lands Mt
a fair valuation and issue to the owners their
stock in lieu. II lands shall enhance in value,
so viii the stock enhance in Value and thus
the land proprietor carry in his pocket the
equivalent Of his lands, to be converted into
cess OF this great enterprise Is beyond ques-
tion. The ~stockhOlder. in addition to the
benefit of the enhanced value OF his lands,
Will be part. owner OF a line of boats, and be
entitled to dividends in their earnings.
Persons wishing 10 exchange lands for the
stock Of tn mpany viii send 10 the Agent
at MemphfsH description of them, their pro-
ductiye qualities, the timber, bottom or up
lnnd; whether overlooked or not; IL over
flowed, what proportion; how near TO
cOunty-tOwn to railroad, depot, river; and
all facts necessary to afford the Company n
satisfactory idea of the land. This may be
done by certificates Of reliable, disinterested
persons residing in the neighb0rIood. 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 ne vii axe
The Company viii not give exorbitant prices,
The titles must be unencumbeTed by judg.
ments, mortgages, deeds of trust, tax titles, or
otherwise, This may be shown by official
certificates of judges, clerks, sheriffs, or the
opinions of respectable attorneys. This is be-
lieved to be the best opportunity to dispose of
surplus lands in theS 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 in
the enterprise. The General Headquarters Of
the Company are in New Orleans, but agen-
cies exist i'm all the principal cities. The en-
terprise has been endorsed by Underwriters,
Chambers of Commerce, Engineers, Mechan-
les, practical nRvigators, and all classes Of
practical men.
The foregoing facts are submitted to the
public in the confident belief that they will
be understood and appreciated.
+. Y. Rocket,
my 10 Agent at Memphis.