Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-19
To THE OWNERS OF REAL ESTATE II
TENNESSEE, MISSISSIPPI, ALA
RAMA AND ARKANSAS:

" ILL Wv GfAo#OE AsElAL LolAIE- ~
TENNESSEE, MISSISSIPPI, ALA
BAMA AND ARKANSAS:
.TyHE COMPANY KNOWN To THE PUBLIC.
Il as the Mississippi Valley Navigation
Company of the South and West" is organ
lied under a charter from The State of Lou
isiana- This charter authorizes a capital
stock Of five hundred thousand dollars, with
the privilege of extension to one million.
1nat the puzzle may KNOW ihe exact OBJECT OF
the Company, the third article Of the charter
IS given entire as f1lloWS:
>"The object OF this Company Is to con-
struct or otherwise TO procure and maintain
one on more steamboats, or other vessels. 10
run on and navigate the Mississippi river, or
its tributaries, fog the purpose OF CARRYING
freight, mails and passengers 10 construct
docks whaTVes, buildings and Such other con-
structiOns as may be necessary to the build
ing and repairing OF vessels, and generally To
exercise such incidental powers and priyi-
leges rs are hereby or may be Conferred ON
them for the purposes aforesaid.
The OTnpauy propose, under the provisions
of this charter TO construct a line of steam
ers TO ruin between the different ports on the
Mississippi river and its tributaries. They
viii be constructed upon the fow-pressure
principle; they viii carry less steam; they
will make better time, and be in al respects
more safe than any description OF boats ever
placed upon cur waters. Divided into dis
tinct compartments, II disaster, whether by
IRE or snags, shah happen 10 one, the boat Is
not endangered. In case Of fire. apparatus
for turning steam upon 1t will be provided,
and IL is demonstrated that steam is the most
effective extlnguisher Of IRE. In case one
compartment - UEDkCA lnIOlEu ~ GDHLdlt
with snags, and fills with water, the others
are not endangered, and the boat cannot sink,
as pumps, provided for such an emergency,
viii be in instant operation. Safety to pas
sengers and freight is a great end, worthy OF
Valley.
Nearly three hundred thousand dollars In
money and work has already been subscribed
to the capital stock of the mpa The
Louisiana Legislature has passed a bill sub
scribing one hundred thousand dollars of
stock to the Company. An additional sum Of
that amount will, without a doubt. be sub
scribed by the same body. The Company
have resolved to TAX lands for stock, and
this * the feature to which they desire to call
the attention of owners of real estate. In the
Southern States, on account of the disOrgan-
lied condition OF labor lands are an incum-
brance. Vast tracts hat 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. Iflands shall enhance IL 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 ques-
tiOn- The ~stoekhOlder, in addition to the
benefit of the enhanced value of his lands,
Will be part owner of a line Of boats, and be
entitled TO dividends in their earnings.
Persons wishing to exchange lands for the
stock OF the company will send to the Agent
AT M9Ahis a description OF them, their pro-
ductfse qualities, the timber, bottom or up
land; whether overlooked or not; IL over
moved, WnaI prOpOrJlOni now near 10
cOunty-town, to railroad, depot, river; and
all facts necessary to afford the Company a
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
proved in the same manner. The party
offering lands must state in his prop
ositiOn the lowest figures he Will take.
The Company viii not give eXOrbitant prices.
The titles must be unencumbered by judg-
ments, mortgages, deeds Of trust, tax titles, or
otherwise. This may be shown by official
certificates of judges, clerks, sheriftS, or the
opinions of respectable attorneys. This is be-
lieVed to be the best opportunity to dispose of
surplus lands in the South and West that has
vet been or can be offered.
Many of the best and Wealthiest citizensIOf
the South and West are warmly embarked in
the enterprise. The General Headquarters of
the Company are in New Orleans, but agen-
eies exist in all the>principaI cities. Tn en-
terprise has been endorsed by Underwriters,
Chambers of Commerce, Engineers, Mechan-
les, practical nayigators, and all classes of
practical men.
The foregoing facts are submitted to the
public in the confident belief that they viii
be understood and appreciated.
+. Y. Rocket,
my ID Agent at Memphis.