Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-04-22
NAVIGATION COMPANY
s SOUTH AND WEST.
10 the Owners OF Real Estate in Ten
Eessee, Mississippi. Alabama and Ar
kansas.

kansas:
THE COMPANY KNOWN TO THE PUB
1 lie as the &" Mississippi Valley Navigation
Company of the South and Vest is Organized
under a chaltsr from the State Of louisiana.
This charter authorizes a capital stock OF i've
hunorsd Thousand dollars, with The privilege
OF extension to one million. That the pubic
E.ay know the exact object OF the Company,
the IGlHo Article OF the Charter Is given entire
as follows:
the object o. this CcIn pany is to construct
or otherWiss To procure and maintain one or
more steam bOa1s, or ether vessels, To run on
and navigate The n ssIssppi river, or its triO-
utarteS, Tor the purpose OF sarryIrg freight,
malls and passengers to Construct uCcks
whaTves, Ouildings and such other cCnstruc-
ticns as may De Necessary TO the building and
repairing OF vessels, and generslly 70 exercise
su ii incidental powers and privileges as are
hereby or may % conferred on Them for the
purposes Aforesaid.
Tie Com Dany propose, under the provisions
OF This charter 10 construct line Of steamers
10 run between the d dereng ports on tie MIS-
sIssippl river and its tributaries, ! hey viii Oe
eonsirueted upon the low pressure principle; I;
thsy viii cary less steam they viii make bet
ter time and oe IN ali respe Is more safe than
any descri PIT On OF boats ever placed upon cur
waters. Divided into distinct CON paTtments
If disaster, whether BY nre or snags, shall hap
pen to one the boat Is not endangered. In
case of fire, apparatus Tor turning steam upon
1t will be provided, and il is demonstra Ted that
steam Is the N st eff Give extinguisher of ire
In case one com paTtment is rokea through by
contact with slags, and NILS with water, the
etners are not endangered, and the boat ozn-
not sink, as jumps, provided for such an smer-
gency, Will be in instant operation. Safety TO
passengers and freight Is great end, worthy
of the stIusgle Of the people Of the AtSsissippi
vsnsy,
Hesirly three hundred thousand dollars in
money ami work has alresdy been subscribed
to the capital stock OF the Company. Tne Lou
tslana Leg stature has passed bill subscribing
one hundred thousand dollars Of stock to The
Company. An additional sum Of that amount
WILL without Doubt, be subscribed ~ the
same body. The Company have resolved to
take lsnOs for stock, aud this Is the feature 70
which thsy desI 70 cali ttle attention OF own
ers of real e,tE a. Ia the southeru States on
account Of The GIsOFg anized condition OF labor,
lands are an tncUmbrance. Vast tracts that
yield no revenue to the proprietors, pay exOr-
bitaat taxes, and thus cripple their only pro-
duetive resources. This Company propose to
take these lands at 8 fair valu stion and issEe TO
the owners their stO x in lieu. II lands snail
enhance in value, so will the stock enhance In
YalJiks and thus the land proprietor VIII carry
in his packet the equivalent OF his lands, to De
cOnye ted into money or property ViLheat de-
lay The success Of this great eatsFpFtae Is be-
yOnd question. The stOcSholdsr, in addition
TO the beneit OF the enhanced value OF his
lands, viii ce part owner OF q line Of boats,
ard be emitted to dividends in their earnings.
Persons wishing 10 exchange lands for the
stock Of the 'nIa pany will sen0 TO the Agent at
Mem phls a description of them, their produc-
tive qualities. the timber, bottom or upland
whether overlooked or not; II overhowed, what
propO, tiOn f; how near to cOunty-town, to rail-
r0a6 depot, river, and all facts necessary 70
ae18A the Company = satisfactory idea Of the
land. Ihis may be done by certificates OF re-
liable, disiutereste1 persons residing in the
neighbOrhOod. The present actual value of
the land msy be proved In the same mann er.
The party Offering lands N ust state In his prop
CsitiOn tJe lowest ngu es he viii take The
Company Will not give eXOrb.tq.t prices. The
titles must be unLncu mbered by iudgusn s.,
mortgages dseds OF uuzt. tax tides, ~ ethar-
wise. This may be slln. \ by Otieial CertiE-
Gates OF tuG gss. clerks, shsritfs, Ths opinions
CT respectable attorneys, This Is believed 10
be the best opportunity 10 dispose OF surplus
lands in the 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 en- oarked in
the enter prise. The General Headq uartsrs of
the Company are in New orleans, but EseHcies
exist in all the principal elties. The enter
prise has been eGdOrsed by Underwriters,
Chambers pf Co4ar1erce, Engineers. Aechan-
ics practical nav gators, and al classes of prac-
tical men,
The foregoing facts arc submitted to the pub
lie in the con bfdeut belief that they VIII be IN
dsrstood and appreciated.