Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-04-16


kansas:
THE COMPANY KNOWN TO THE PUB
i lie as the - Mississippi Valley Navigation
Company of the South and West, (" Is organized
under CHARTER from the State of louisiana.
I his charter authorizes a capital stock of five
bun1red thousand dollars, with the privilege
of extension to one million. That the public
may know the exact object of the Company,
as follows;
"The object Of this Company is to construct
or otherwise to procure and maintain one or
more steamboats,, or other vessels, ts run on
and navigate The NJ ssissippi river, or its trib-
utar1ess Tor Lhe purpose of carrying freight,
mails and passengers to construct docks
Wnarves, buildings and such OtEer construc-
hons as may Do necessary TO the building and
repairing OF vessels, and generally TO exercise
such incidental powers and privileges as are
hereby or may be conferred on Lheuafor the
purposes Aforesaid.
Tie Com pany propose, under the provisions
OF this charter TO construct a line OF steamers
10 run between the diheTenB ports on the MIS-
siSs1ppi river and its tributaries. They will be
they will carry less steam they will make BET
ter time and De in all respects more safe than
any description OF boats ever placed upon our
waters. Divided into distinct com partments
if disaster, whether by Are or snags, shall hap
pen TO enc the boat Is not endangered. In
case of nre, apparatus Tor turning steam upon
it will be provided, and il is demOnstra led hat
steam is the most efft ctive extinguisher Of dre.
In case ore compartment Is urokes through by
contact with snsgs, and fills with water the
others are It endangered. and the boat can
not sink, as pumps provided for such an emer-
geney, Will be IN instant operation. Safety to
passengers and freight Is great end, worthy
of the Struggle OF the people of The Mississippi
Valley.
Nearly three hundred thousand dollars In
money ana Work has already been subscribed
TO the capital stock of the Company. This Lou
tsiana 4eg stature has passed pill subscribing
one hundred thousand dollars OF stock to the
Company. An additional sum of that amount
will. without l3uDf- bR n he'd hv "a
same bJdy. The Company have resolved TO
take lands for stock, 8nd tnis is the feature to
which they desil 10 call the attention of own
ers of real esta: e. IN the southern States, On
account of the disOrganized condition of lab5r
lands are an 1ncumbrance. Vast tracts that
yield no revenue to the prOprietors, pay exOr-
bltant taxes, and thus cripple their only pro-
ductive resources. This Company PROPOSE to
take these lands at fair valu aIion and issue to
the owners their stock in lieu. II lands snail
enhance in value, so VIII the stock enhance in
value, and thus the land proprietor will carry
in hs pocket the equivalent OF his lands, to be
eOnYei TED lcto money Or property without de-
lay. The success of this great enterprise is be-
yOnd question. The stOeKnolder, in addition
10 the benefit OF the enhanced value OF his
lands Will be part owner OF q line Of boats
and be entitled TO dividends in their earnings
Persons wishing 10 exchange lands for the
stock Of The Com pany will send to the Agent at
Mem ph1s a description of them, their pToduc.
tive Qualities. the timber, bottom or uDlanu
whether overnowed or not; if OveIfiowed what
prOpOl ton now near TO eOun nty-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, disintersted persons residing in the
neighooThOod. The present actual value OF
the land may be proved In the same manner
The party Offering lands must state in his props.
nsitiOn tue lowest ngu es he wi take The
Company viii not give exOrbitakt prices. The
titles must be uEtncumbeTed by judgments.
mortgages. deeds OF trust. tax titles or other
wise This may be shown by official certld-
Gates OF JUG ges. clerks sherifIs or the opinions
of respectable attorneys. This Is believed to
be the best opportunity to dispose of surplus
lands in the South and West thsG has yet been
or can be offered.
Many of the best and wealthiest citizens Of
the South and West are warmly EN- barked IN
the enterprise. The General aeRdq usrters of
the Company are in New orleans, but sgencies
exist in all the principal cities. The enter
prise has been endorsed by Underwriters.
Chambers of Commerce, Engineers. Mechan-
lcs, practical navigaJOrs and ali classes of prac-
Iical men.
The foregoing facts are submitted to the pub
ic in the con fident belief that they will be IN
1erstOod and appreciated.