Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-07-10
THE MISSISSIPPI VALLEY
Navigation Company
O THE
S OUTH AND WEST.
To THE OWNERS OF REAL ESTATE IN
TENNESSEE, MISSISSIPPI, ALA
BAMA AND ARKANSAS:

"HECOMPANT KNOWN TO THE PUBLIC
i as the Mississippi valley Navigation
Company Of the South and West, is organ
lied under q charter from the state OF Lou
isiaDa. THIS charter authorizes a capital
stock Of five hundred thousand dollars, Wfth
the privilege. OF ~1tenslo 70 one m1ihcns
That the public may know the exact object OF
the Company, the third article of the charter
Is given entire as foliOws:
THE object of this Company IS 10 con-
struct or otherwise 10 procure and maintain
one or more steamboats, or other vessels, to
run on and navigate the Mississippi river, o.
Its Tributaries, Tor tie purpose Of carTyIns
freight. mails and passengers; 10 construct
docks wharves, buildings and such other con-
struct1ons as may be necessary 10 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 purpose aforesaid.
n Company propose under the provisions
of this charter to construct a line of steam
ers to run between the different ports on the
Mississippi river and its tributaries. They
Will be constructed upon the l-Ow-presSure
principle; they viii carry less steam; they
will maEeb better time, and be in ali respects
more safe than auy description OF boats ever
placed upon our waters. Divided into dis
tinct compartments If disaster, whether by
fire or snags, shall happen TO one, the boat is
not endangered. In case of fire, apparatus
for turning steam upon il viii be provided,
and It is demonstrated that steam is the most
effective extingu1sher OF ure. In case one
compartment is broken through by contact
with snags, and fills with water. the others
are not endangered, and the boat cannot sink
az pumps HAoN44N4 VI SUN ~ NAAIA .
will be in instant operation SAFETY TO pas
sengers and freight is u great end. worthy of
the struggle Of the people Of the Mississippi
Nearly three hundred Hlousand dollars in
money and work has already been subscribed
TO the capital stock of the Company. The
Louisiana Legislature has passed a bill sub
scribing one hundred thousand dollars OF
stock 20 the Company. An additional sum OF
that amount will, without a doubt, be sub
scribed 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 Of real estate. In the
Southern states. on account of the diSOrgan-
lied condition of labor. lands are an tucum-
brance. Vast tracts that yield no revenue d
the prOprtet0rS, pay eXOrbitant taxes, an
thus cripple their only productive resources.
This Company propose to take these lands al
a fair valuation and issue 70 the owners their
stock in lien. Iflands shall enhance IN Ealue,
so will the stock enhance in value, and thus
the land proprietor carry IN MS pocket the
equivalent OF his lanas5I 10 pc eonfeTIed into
cess of this great enterprise Is beyond ques-
ton. The stoekhOldeT, in addition TO the
benefit of the enhanced value Of his lands.
VIII be part owner of q line OF BOATS, and De
entitled to dividends in their earnings.
Persons wishing 10 exchange lands for the
stock of the Company VIII send 70 Agent
at Memphis a description of them, their pro-
ductive qualities, the timber, potion or up-
land; whether overlooked or mott II over
flowed. what proportion; how near to
cOuntv-town, to railroad, depot, river; and
all facts necessary TO AFFORD the company a
satisfactory idea OF the lauQ. ms may be
done by certificates of reliable, disintereSted
persons residing in the neighbOFhOod. 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 he viii take.
The Company VIII not give cXorbitant prices,
titles must be unencumbered by Judg-
ments, mortgages, deeds of trust, tax titles. or
otherwise. This may be shown by official
certificates OF judges, clerks, sherifs, or the
opinions of respectable attorneys. This Is be-
lieved TO be the best opportunity TO dispose Of
lands in the South and West that has
yet been or can be offered.
Many of the best and w~ealthiest citizens Of
the south and West are warmly embaFkedin
the enterprise. The General Headquarters Of
The Company are in New Orleans, but agen-
exist in all the principal cities. The en-
lerprise has been endorsed y nuerNEheEs
of Commerce, Engineers, eehan
practical navfgetors, and al classes OF
men.
The foregoing facts are submitted TO the
public in the confident belief that they vii
be understood and appreciated
F. Y. Rocket.
myB Agent at Memphis.