Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-03-26
To she Owners OF Real Estate I'm Ten.
nessee, Mississippi, Alabama and
Arkansas:

To she Owners OF Real Estate In Ten
nessee, Mississippi, Alabama and
Arkansas;
TUE COMPANY KNOWN TO THE PUB
| i lie as the Mississippi Valley Navieation
Company Of the South and West I" Is organized
| under a charter. from the State OF Louisiana.
This charter authorizes capital stock OF hve
| hundred thousand dollars. with the privilege
of extension to one million. That the public
may know tho exact ebjsot of the Company
the third article of the charter is given entire
t" The object of this Company is to construct
or otherwise to procure and maintain one or
S e U,
utaries, for the purpose of carrying freieht,
mails and passengers; to construct docks
wharves, buildings and such other construc,,
repairing of vessels, ana generally to exercise
such incidental powers and pri viieges as are
hereby or may be conferred on them Tor the
PURPOSES aforesaid"
of this Charter. TO construct line of steamers
TO run between the different ports on the MIS-
sissippi river and its tributaries. They will &c
constructed upon the low-pressure prlncipie'
they will carry less steam they will make pet
ter time, and be in all respects more ssfe tnan
any description of boats ever placed upon cur
waters. Divided into distinct compartments
if disaster, Whistler BY tro or snags, snaii nap,
case of fire, apparatus for turning steam upon
il will be provided, and it is demonstrated that
steam is the most effective extinguisher OF nre
In case enc compartment is broken through by
contact with snags, and fills with water. the
others are not endangered, and the Boat can
not sink, as pumps. provided jor sucn an emer-
gency, will be in instant operation. Safety 10
passengers and freight Is great end. wor-
thy Of the struggle Of the people of the Missis-
Nearly three hundred thousand dollars in
money and work b as already beea subscribed
to the capital stoc of the Company. The LOU
isiana Legislature will pass bill subscribing
two hundred tho usand dollars Of stock to the
Company. An additional sum, Of that amount
will, without . doubt, be snbscri ped py tne
take lands for st ock. and this is the feature to
which the desire to call the attention Of owners
of real estate. In the Southern States: On ac-
count of the dis organised condition Of lahor.
lands are an incumbrance. Vast tracts that
yield no revenue TO the proprietors. pay exor-
bitant taxes. and thus cripple their emily pro-
ductive resources. This Company propose TO
take these lands at fair valuation and issue TO
the.owners their stock in lieu. Iflands shall en-
hance in value, so will the stock enhance IN
value, and thus the land proprietor will carry |
in his pocket the equivalent of his lands, to be
converted into money Or property mi.no1. Se-
yond question. The sto ckholder, in addition |
to the benefit Of the enhanced value OF his |
lands, will be part owner of line OF boats, |
and be entitled 10 ulVlQt nus III tutlL uinss.
Persons wishing to ex change lands for the |
stock of the Company will send to the Agent Mt |
Memphis description Of them. their produc-
tive qualities. the timber, bottom or upland;
whether overfowed or not If overlooked. what
how near to county town, to rail-
road, depot, river, and all facts necessary TO
afford the Company a satisfactory idea Of the
land This may be done by certificates of re-
liable, disinterested persons residing in the
neighborhood, The present actual value OF
the land may be proved in the same manner.
The party Offering lends must state in his
proposition the lowest figures he will take. The
Company 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
attorneys. This Is believed TO be
the best opportunity to 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 embarked in
the enterprise. 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
chanics. practical nayigators. and all classes Of
practical men.
r he foregoing facts are submitted TO the pub
lie In the confident belief that they will be un-
derstood and appreciated.