Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-03-25

To the Owners OF Real Estate In Ten
nessee, Mississippi, Alabama and
Arkansas:
THE COMPANY KNOWN TO THE PUB
i lie as the Mississippi Valley Navigation
Company Of the South and West " Is orcanized
under a charter from the State. of Louisiana.
This charter author ses capital stock on I'VE
hun dred 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 entire
:" The OBJECT of this Company is to construct
or otherwise to procure and maintain one or
more steamboats,, or other. vessels. to run on
and navigate the Mississippi river, or its trib-
utaries. for the purpose 81 carrying f1eieht'
mails and passensers; to construct a9 LOCKS
tons as may be necessary to the building aud
repairing of vessels. and generally to exercise
such incidental powers and privileges as are
hereby or may be conferred on them Tor the
The Company propose. under the provisions
of this Charter, to construct O line of steamers
to run between the different ports on the MIS-
sissip nj river and its tributaries. They Will ne
constructed upon the low-pressuree, principle;
they will carry less steam they Will maze 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 fire or snags, shall hap
pen to ono, the boat is not endangered. In
case of fire, apparatus for turning steam upon
it will be provided, and 1t Is demonstrated that
steam is the most effective extinguisher OF fre.
liz 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 for such an emer-
gency, will be in instant operation. Safety TO
passengers and freight Is great end. wor-
thy of the struggle of the people Of the Missis-
sippi Valley.
a II dv in
10 the capital stock of the Company. The Lou
isinna LEGISLATURE will pass a bill subscribing
two hundred thousand dellars OF stock to the
Company. An additional sum OF that amount
will, without 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 membranes. Vast tracts that |
WELD no revenue to the proprieiors. pay exor- |
bitant taxes. and thus cripple their emily pro- |
ductiye resources. This Company propose 70 |
take these lands at fair valuation and issue to
the,owners their stock in lieu. Iflands 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 pc
converted into money. or property without de- |
lay. The success Of this great enterprise is be-
yopd question. The stockholder, in addition |
10 the benefit of the enhanced value OF his |
lands, will be part owner OF line OF boats
Persons wishing to exchange lands for the |
stock of the Company will send to the Agent at /
Memphis q description Of them, their produc-
tive qualities, the timber. bottom or upland; |
whether overfowed or not; If overfowed, what |
proportion how near to county town, to rail-
road, depot. river. and oil 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
neighborhood, 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 exorhitant prices. The |
titles must be unencumbered by judgments. |
mortgages. deeds of trust, fax 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 opportuni y TO dispose OF surplus lands
in the South and West that has yet been or can
be offered. - Il
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, but agencies
exist in all the principal cities. The enter
prise has been Endorsed by Underwriters,
Chambers of Commerce, ENGINEERS, Me
chanics. practical navigators. and all classes OF
practicalmen.
. he foregoing facts are submitted to the pub
lie in the confident belief that they will be un-
derstood ard appreciated.