Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-03-23
South and w st,
To the Owners OF Real Estate In Ten
nessee, Mississippi, Alabama ana
Arkansas;

To the Owners or Real Estate I'm Ten
nessee, Mississippi, Alabama ana
Arkansas;
V,HE COMPANY KNOWN TO TIE PUB
Il lie as the Mississippi Valley Navieauol
Company of the South and West !" Is ORGANIZED
und er charter. from the State OF Louissiasn .
This charter authorizes q capital stock OF nye
hundred thousand dollars. with the privliege
of extension 10 one million. That the pubic
may know the exact object OF the company
the third article OF the charter Is gwen enure'
T" The ject of this Company is to construct
| or otherwise to procure and maintain one or
more steamboats,, or other. vessels. 10 run on
and navigate the Mississippi river, or its tr,o-
utaries, for the purpose of carrying freieht'
| mails and passengers; to construct docks
wharves, buildings and such other construc,
tons as may be necessary to the ounuing auo
| repairing of vessels. and generally 70 exercise
such incidental powers and PRIVILEGES as are
hereby or may be conferred on them for the
| PURPOSES aforesaid"
The Company propose, under the provisions
| of this Charter to construct a line Of steamers
/ to run between the different ports on the Mis-
| sissippi river and its tributaries. They will re
constructed upon the low-pressure principle !;
| they will carry less steam they will make pet
| ter time, and be in all respects more safe than
| any description of boats ever placed upon our
waters. Divided into distinct compartments.
if disaster. whether by. fro or snags, shall hap
case Of fire, apparatus for turning steam upon
it will be provided. and il is demonstrated that
steam is the most effective extinguisher OF IRE.
In case enc COMPARTMENT y broken through py
others are not endangered, and the sont can
not sink, as pumps. provided for such an emer-
gency, will be in instant operation. Safety TO
passengers and freight Is great end: wor-
tby of tbe struggle Of the people Of the Misss-
Nearly three hundred thousand dollars, in
money and work has already been subscribed
to the capital stock Of the Company. The Lou
isiana Legislature will pass bill subscribing
two hundred thousand dollars Of stock TO the
Company. An additional sum of that amount
will, without q doubt. be subscribed 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 ac-
count of the disorgan zed condition OF labor:
lands are an ineumbrance. Vast tracts that
yield no revenue to the proprietors. pay exor-
bitant taxes. and thus cripple their only pro-
ductive resources. This Company propose to
theowners their stock in lieu. 1flands shall en-
nance in value. will the stock enhance in
value, and thus the land proprietor will carry
in his pocket the equivalent OF his lands, 10 be
Law. The success of this great enterprise is be-
yond question. The stakeholder, in addition
TO the benefit Of the enhanced value Of bis
lands, will be part owner OF line oil boats,
Persons wishing to exchange lands for the
stock of the Company will send TO the Agent at
Memphis description Of them. their produc-
tive qualities, the timber, bottom or upland
whether overfowed or not ; If overf0wed. what
proportion how near to county town. TO rail-
road, depot river, and all facts necessary to
afford the Company satisfactory idea of the
land. This may be done by certificates of re-
liable, disinterested persons residing in the
neigh borhood, The present actual value of
the land may be proved in the same manner.
The party Offering lands must STATE in his
proposition the lowest figures he will take. The
Comp ny will not give exorbitant prices. The
titles must be unencumbered BY judgments.
mortgages deeds of trust, tax titles, or other
wise. This may be shown by official certificates
Of judges, clerks, sheriff.. or the opinions of
respectable attor6 eys. This is believed to be
the best opportuni y to dispose OF surplus lands
in the South and West that has yet been or can
be offered. ..
Many Of tho b,st and wealthiest citizens of
the south and West are warmly embarked in
the enterpri.e. 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, Me
chanies. practical navigators. and all classes OF
practical men.
The foregoing facts are submitted 10 the pub |
lie in the confident belief that they will be IN |
derst3od aud appreciated.