Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-04

THE COMPANY KNOWN TO THE PUB
i lie as the'' Mississippi Valley Navigation
Company OF the South and West" is org gani2ed
under charter from the State of LOUISIANA.
This charter authorizes capital stock of fiVe
hundred thousand dollars, with the privilege
Of extension TO one million. That the puolie
may know the exact object of The Company,
the third article OF the charter Is given entire,
as follows:
a.rhe object OF this Company is TO construct
or otherwise to procure and maintain one UT
more steamboats,, or other vessels, te run on
and navigate the Mississippi river, or its trib-
utaries, fOr the purpose OF carrying freight,
mails and passengers; to construct oocks
wharYes, puildinss and such other construe-
tions as may pe necessary 70 the building and
repairing OF vessels, and generally 70 exercise
such Incidental powers and privileges as are
hereby or may be conferred on them for the
purposes afOresal1
The COIa pany propose, under the provisions
OF this charter 20 construct a line OF steamers
10 run between the different ports on the AiB-
slsSippi river and its tributaries. They viii be
constructed upon the low pressure principle
they win carry less steam they viii make Bet
ter time, and be in all respects more safe than
any description OF boats ever placed upon COR
waters. Divided into distinct coD partments,
II disaster, whether By FIRE or snags, shall hap
pen to one, the boat Is not endangered. In
case OF IRE, apparatus for turning team upon
it will be provided, and it is demonstrated that
steam is the most effective exttnguiSher OF fire.
In case one com partment is Jroken through by
contact with snags, and fills with water, the
others are not endangered, and the boat can
not sink, as pumps. provided for such an eIner-
GG4Cy, Will Dc III Instant Op6rALtOus safety 10
passengers ana freight is a great end, worthy
of the struggle Of the people Of the Mississippi
Valley.
Nearly three hundred thousand dollars in
money ana WORK mas already been subscribed
to the capital stock OF the Company. The Lou
isiana Leg stature has passed bill subscribing
one hundred thousand dollars OF stock TO the
Company. An additional sum of that amount
will, without deubt, be subscribed by the
same body. The Company have resolved 70
take lands for stock, and this is the feature to
Y q n call the attention n
ers of real ests.e. In the southern states, Oh
account of the disOrganized condition OF labor
lands are an incumbr8nce. Vast tracts that
yield no revenue to the proprieIors, pay exor-
bItant taxes, and thus cripple their only pro-
ductive resources. This Company propose TO
take these lands at 8 fair Y2lu alton and issue to
the owners their stock in lieu. II lands shall
enhance in valHe, so viii the stock enhance In
value, and thus the land proprietor viii carry
in ms pocket the equivalent of his lands, to be
converted iutO money or property without de-
lay. The success of this great enterprise is be-
yOnd question. The stoekholder, in addition
TO the benefit Of the enhanced value OF his
ISnds, viii be part owner OF a line Of boats.
and be entitled 70 dividends in their earnings.
Persons wishing TO exchange lands for the
stock Of the Company will send 70 the Agent at
Memphis description OF them, their produc-
tive qualities. the timber, bottom or upland /;
whether oyerhoTed OF not; II oyerhoTed, what
propoi ton (; now near 10 county-toWn, to rail-
road, depot, river, and all facts necessary 10
afford the Company satisfactory idea Of the
land. This may be done by certificates OF re-
liable, disi" tsrested persons residing in the
neighbOThOS3. The present actual value OF
the land may be proved in the same manner.
The peFtY offering lands must state in his prop
csition t2s lowest ngu. es he viii take The
Company will lot give exOrbitaHt prices. The
titlsSaSpust be un6ncunbered by judgments,
mofez9ges. deeds of tIust, tax titles, or other
wise. 1 his may be shown by official certif-
Gates OF JUG ges. clerks, shsrifs, or the opinions
Of respectable attorneys. This is believed 10
be the best opportunity to dispose OF surplus
lands In the South and West thzI has yet been
or can be offered.
Many OF the best and wealthiest citizens Of
the South and West are warmly embarked in
the enterpri 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 Mechan-
tcs practical navigators, and all classes of prac-
tical .oen.
The foregoing facts are submitted to the pub
lie in the cor fident belief that they will De IN
derstood ana appreciated