Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-11-29
NAVIGATION COMPANY.
Mississippi Valley Navigation
P
or THE
SOUTH AND WEST,
No. lI8 C~arOndeIet Street New Orleans.

Capital Stock, 81, 900 600
Shares (each), -S1OOeach
To the owners Of Real Estate in Louisiana.
Mississippi, Tennessee, Arkansas, Texas
and Alabama:
TVHE COMPANY KNOWN TO THE PUBLIC
Il as the Mississippi Valley Navigation
Company of the South and Vest is organ
lied under q charter from the state of Lou
isiana. This charter authorizes a eapita'
stock of five 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 entire as follows:
"fhe object of this Company is TO con-
struct or otherwise to 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 ca -rying
freight, mails and passengers; TO construct
docks wbarves, buildings and such other con-
struetiOns as may be necessary to the build
Ing and repairing Of vessels. and generally to
exercise such incidental powers and privi-
leges as are hereby or may be conferred on
them for the purposes aforesaid.
h Company propose, under the provision
OF this charter to construct q line OF Low
PRESSURE Steamboats, to run between the diff
ferent ports On the Mississippi river and lis
tributaries. They will carry less steam.
make better time, land freight and passen-
gers without roundlng-to, and, by means OF
endless chains and elevators, receive grain in
bulk and discharge IL Qt for shipmentl di-
rectIy on board the vessel Intended to receive
II, instead OF the present mode of putting Il
first on shore. thereby saving time, labor and
expense. The Boats Will also be divided into
distinct compartments-so, If they encounter
snags, or any accident should happen to the
hull, the boat will not be endangered. They
will also have complete apparatus for extin-
gushing FIRE by steam, aud conducting water
over the vessel for domestic use; and viii be
IN every respect safer, swifter, and better
adapted for carrying passengers and freight,
and at a cheaper rate than any boats now
navigating the Mississippi river.
Owing to the difficulty Of obtaining cash
subscriptions TO any enterprise, no matter
how great its merit, the Company have de-
terminated to receive subscriptionsi In LandtO
the Capital stock. In doing so, we have at
once a substantial basis; and as II is very
reasonably expected that within a short time
lands will considerably appreciate in value
this plan will afford Us a source of revenue
entirely seperate and distinct, and when
added TO the expected earnings of the boats.
cannot. in the natural course of things, fail
to make the stock q profitable investment.
Parties having land which produces them
little or nothing. but on which they are pay
ing taxes, and which cannot be sold at pres
ent, except at a great sacrtnce, and perhaps
not at all, viii, on reflection. see this to be an
excellent and unusual plan for realizing on
them, as the certificates Of stock of a COM
pany can be much II pre- readily disposed Of
over I25.O0O acres of good land have already
been onered and subscribed.
Books OF subscriptionto the capital stock OF
the Company are now open at the Office. iS
Carondelet street, New Orleans.
Parties at q distance, desiring to subscribe
lands must send TO the local agents alb
stract Of title, mortgage certificates, evidence
that the taxes have been paid, testimony OF
responsible parties respecting the value offhe
land, price, and, in fact, all Information ne
eessary 70 give the company a satisfactory
By order OF the Board of Directors
. CHAS.R BENTON, Secretary.
J.T. SWAYNEs President.