Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-10-21
LUMBER, LATHS AND SHINGLES.
Mississippi VALLEY navigation
OF THE
SOUTH AND WEST,


Capital Stock, sl,OOO,OOO
Shares teaeh), -s10Oeach
70 the owners Of Real Estate in Louisiana.
Mississippi, Tennessee, Arkansas, Texas
T1HE COMPANY KNOWN TO THE PUBLIC
i as the 4" Mississippi Valley Navigation
Company of the SOnth and West" Is organ
ized 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.
hat the public may 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, %
run on and navigate the MississipBi river. or
its tributaries, for the purpose of carrying
freight, mails aud passengers TO construct
docks WhafVes, buildings and such other con-
atruotiOns as may be necessary to the build
ing and repairing Of vessels, and generally to
exercise such incidental powers and privi-
leges as are hereby or may be conferred on
them for the purposes aforesaid.
The Company propose, under the provision
of this charter to construct a line Of Low
PRESSURE Steamboats, 70 run between the diff
ferent ports Oh the Mississippi river and its
make better time, land freight and passen-
gers Without rOunding-to, and,b by means of
endless chains and elevators, receive grain in
bulk and discharge 1t Ut for %shipment) d.
rectly on board the vessel intended to receive
il, instead of the present mode of putting it
first on shore. thereby saving time. labor and
expense. The Boats will also be divided into
distinct compartments-so, If they encounter
snags, or any accident should happen to the
hull, the boat will not be endangered. The
viii also have complete apparatus for extin-
gushing fire by steam, \ conducting water
over the vessel for domestic use; and will be
in every respect safer, swifter, and better
adapted for carrying passengers and freight,
and at a cheaper rate than any boats now
navigating the Mississippi river
Owing to the difficulty Of obtaining cash
subscriptions TO any enterprise, no matter
how great It's merit, the Company have de-
terminated to receive subscription IN L.andtO
the Capital Stock. In doing so. we nave al
once o substantial basis; and ~ it 10 very
reasonably ezpeptea mat within a short time
lands wiz considerably appreciate in value
this plan viii AFFORD rs a source Of revenue
entirely seperate and distinct, and when
added 70 the expected earntngs Of the beats,
cannot, in the natural course of things, fail
Parties having land which produces them
little or nothing, but on which they are pay
ing taxes, and which cannot be sold at pres
ent, except at a great sacrifice, and perhapa
not at all, Will, on reflection. see his 10 he an
excellent and unusual plan far realizing on
them, rs the CERTIFICATES Of stock Of a COM
RanF Gan 10 much more readily disposed OF
than lands.
over ~, 09o acres Of good land have already
been offered and subscribed.
Books Of subscription to the capital stock Of
the Company are now open at the Office. rs
Earondelet street, New Orleans.
Parties at q distance, desiring to subscribe
lands. must send to the local agents alb
stract Of title, mortgage certificates, evidence
that the taxes have been paid, testimony of
responsible parties respecting the value ofthe
land, price, and, in fact, all information no
cessary to give the Company . Aalisfaetary
iU sy q ord Sss q he Board Of Directors.
cHAS. r. RENT0N, Secretary.
n LU a LE nroafAanf