Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-06-07
TO THE OWNERS OF REAL ESTATE IN
TENNESSEE. MISSISSIPPI, Ala
BAMA AND ARKANSAS:
THE COMPANY KNOwNT TO THEPUBLI

THE COMPANY KNOWN To THE PUBLIC
i as the Mississippi Valley Navigation
Company of the South and West. Is organ
lied under a charter nom the STATE Of Lou
isiana- This charter authorizes n capital
stock OF five hundred thousand dollars, with
the privilege Of extension 10 one million.
That the public may know the exact object OF
the Company, the third article OF the charter
is given entire as follows:
"The object of his Company Is to con-
Struct or otherwise 10 procure and maintain
one or more steamboats, or other vessels, 10
run on and navigate the Mississippi river, or
its tributaries, for the purpose OF carrying
freight, mails and passengers; to construct
docks wharveS, buildings and such other con-
structions as may be necessary 70 the build
exercise such incidental powers and priyi-
leges rs are hereby or may be conferred on
them for the purposes aforesaid.
The COmpany propose, undo the provisions
of this charter to construct n line OF steam
erS TO run between the different ports on the
Mississippi river and its tributaries. They
will be constructed upon the lOw-pressuTe
principle; they will carry less steam; they
viii make better time, and be in all respects
moro safe than any description OF boats ever
placed upon our waters. Divided into dis
tinct compartments, If disaster, whether By
fire or snRgs, shall happen 10 one, the boat Is
not endangered. In case of IRE, apparatus
for turning steam upon il VIII be provided.
and IL Is demonstrated that steam Is the most
effective extinguisher OF fire. IN case one
compartment Is broken through by contact
with snags, and nils VI water, the Others
are not endangered, am he boat cannot sink.
as DuuDS pEONlueU lOE SUCH an emergency.
win be in instant operation. Safety to pas
sengers and freight Is a great end, worthy OF
the struggle of the people Of the mississippi
Nearly three hundred thousand dollars in
money and work has already been subscribed
TO the capital stock Of the Company. n
Louisiana Legislature has passed a bill sub
scribing one hundred thousand dSAars OF
stock to the Company. An additional sum OF
that amount will, without doubt, be SUP
scribed by the same body. The Company
have resolved to take lands for stock, and
this is the feature 70 which they desire 70 call
the attention Of owners Of real estate. IN the
Southern States. on account Of the dtsOrcaD-
lied condition of labOr. lands are an incum-
branee. Vast tracts that yield no revenue to
the proprietors, pay eXorbitant taxes, and
thus cripple their only productive resources.
This Company propose to take these lands at
a fair valuation and issue TO the owners their
stock In lieu. II lands shall enhance in value,
so will the stock enhance in value, and thus
the land proprietor carry IN his pocket the
equivalent OF his lands, TO be converted into
money or property without delay. The sue
cess OF this great enterprise IS beyond qIles-
ton. The Stakeholder, in addition to the
viii be part owner OF q line OF boats, and be
entitled to dividends in their earnings.
- Persons wishing TO exchange lands for the
stock of the Company VIII send 10 the Agent
at Memphis a description of them. their orc
ductiye qualities, the timber, bottom or IN
land; whether overlooked or not; If over
wha proportion; how near 10
eOunty-town, to railroad, depot. river: and
all facts necessary to afford the COMPANY
satisfactory idea Of the land. This may be
done by certificates Of reliable, disinterested
persons residing in the neighborhood. The
present actual value Of the land may be
in the same manner. The party
lands must state in his prop
osition the lowest figures he will take.
Company will not give exOrbitant prices.
titles must be unencumbere by judg-
ments, mortgages, deeds of trust. tax titles. Or
This may be shown by official
certificates of judges, clerks, sherifs, or the
opinions of respectable attorneys. This Is be-
ieved TO be the best opportunity 10 dispose of
surplus lands in the South and West IA has
yet been or can be offered.
Many Of the best and weaIthiest citizens Of
The South and West are warmly embarked IN
The enterprise. The General HEADQUARTERS OF
the Company are in New Orleans. but agen-
exist in all the principal cities. The en-
has been endorsed By Underwriters
Chambers of Commerce. Engineers, Mechan-
practical navigators, and all classes Of
practical men.
The foregoing facts are submitted to the
public in the confident belief that They vii
be understood and appreciated.
F. Y. Rocket.
my 10 Agent at Memphis.