Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-03-22

To the Owners or Real Estate I'm Ten
nessee, Mississippi, Alabama ana
Arkansas;
V,HE COMPANY KNOWN TO THE PUB
| | Iic ms The Mississippi Valley Naviaation
| Company Of the South and West Is oraanlzea
under a charter from tho State. Of Louisiana.
| This charter authorizes capital stock OF 1--WE
| hundred thousand dollars. with the privilege
| Of extension TO one million. That the public
may know the exact object Of the Company
the third article of the charter is given enure'
"The OBJECT of this Company is to construct
| or otherwise To procure and maintain one or
more ste smboats, or other vessels, TO run on
| and navigate the Mississippi river. or Us TIP
utaries, for the purpose OF carrying iteieht'
mails and passengers: to construct DOCKS
wbarves, buildings and such other c0nstruc,
| tiops as may be necessary to the building and
| repairing OF vessels, and generally 10 exercise
such incidental powers and PRIVILEGES as are are
| hereby or may be conferred on them ior tno
PURPOSES aforesaid"
The Company propose. under the provisions
of this Charter, to construct line oil steamers
| to run between the different ports on the MIS-
sissippi river and lis tributaries. They will be
| constructed upon the low pressure princlple;
they will carry less steam they Will MAKE het.
ter time, and be in all respects more sale tnan
any description Of boats ever placed upon our
waters Divided into distinct compartments.
II disaster, whether by fire or snags, shall hap
pen TO one, the boat is not endangered. In
case OF. FIRE, apparatus for turning steam UPON
Il will be provided. and it is demonstrated that
steam is the most effective extinguisher OF hre.
In case one compartment is broken through by
contact with snags, and fills with water. the
others are not endangered, and the eoat cam
not sink, as pumps. provided tor such 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 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 doubt, be subscribed by the
same body. The Company. have resolved 10
take lands for stock. and this is the feature 70
of real estate. In the Southern States: on ac-
count of the disorgsn zed condition OF laror.
lands are an membranes. vast tracts that
yield no revenue to the proIrietors. pay exor-
bitant taxes. and thus cripple their only pro-
ductiye resources. This Company propose to
take these lands at fair valuation and issue 10
theowners their stock in lieu. lfiands shall en-
nance 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 without qe-
lay The success Of this great enterprise is be-
yond question. The stockholder, in addition
to the benefit of the enhanced value, Of his
lands, will be part owner OF line OF boats,
and be entitled TO dividends in their earning.
Persons wishing 10 exchange lands for the
stock of the Company will send to the Agent at
Memphis description Of them. their produc-
tive qualities. the timber, hotl ON or upland
whether overfowed or not If overfowed. what
proportion 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
neighbcrhoos, 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
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
respectable attorf eys. This is believed to be
the best opportuni 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 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
chanics. practical nayigators, and all classes OF
practical men. -
he foregoing facts are submitted to the pub
lie In the confident belief that they will be un-
derstood AID appreciated.