Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-06-06
To THE OWNERS OF REAL ESTATE N
TENNESSEE, MISSISSIPPI, ALA
DANA ANn ADU ~c

BAMA AND ARKANSAS:
THE 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 Los
isianO. This charter authorizes a capitsf
stock Of five hundred thousand dollars with
the privilege Of extension to one million
| That the public may know the exact object re
the Company, the third article OF the cH1-
] is given entire as follows:
the object of this Company is 10 con-
struct or otherwise to procure and maintain
one or more steamboats, or other vessels, TO
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 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.
The Company propose, under the provisions
of this charter to construct a line Of steam
ers TO run between the different ports on the
Mississippi river and its tributaries. They
viii be constructed upOn the lOW-preSsure
principle; they will carry less steam; they
Will make better time, and be in all respects
more safe than any description Of boats ever
placed upon our waters. Divided into dis
tinct compartments, if disaster, whether by
fire or snags, shall happen to one, the boat IS
not endangered. In case OF nre, apparatus
for turning steam upon il viii be provided
and II is demonstrated that steam is the most
effective extinguisher of FIRE. In case one
compartment is broken through by contact
with snags, and fills with water, the others
are not endangered. and the boat cannot ink,
as pumps, provided for such an emergency,
viii be in instant operation. Safety to pas
sengerS and freight is a great end worthy OF
the struggle of the people Of the Mississippi
Valley.
money and work has already been subscribed
to the capital stock of the Company. h
Louisiana LegiS6Rhr ire has passed q bill sub
stock to the Company. An additional sum of
that amount win, without a doubt, be sub
serfbed 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 reaf estate. In the
Southern states, on account OF me dlsorgan-
lied condition Of labor. lands are an ineum-
brance- Vast tracts that yield no revenue 70
the prOprtetors, pay exorbitant taxes, anu
thus cripple their only productive resources.
This COMPANY propose to take these lands at
3 fair valuation and issue 70 tne owners IneH
stock in lieu. IflandSs hau ennAneel ~ yatue,
the land proprietor carry in his pocket the
equivalent Of his lands, 70 be converted into
money or property sII I e . bsyodd oS sue
ton. The stakeholder, in addition 70 the
! benefit Of the enhanced valve Of his lands,
will be part ovner Of a line of beats, and be
entitled to dividends in their earnings
Persons wishing to exchange lands for the
stock of the Company viii send tom agent
at Memphis q description Of them their pro-
ductive qualities, the timber, COTTON or up
land; whether overlooked or nots a over
flowed, what Pr9Rortaoni NJ" r,HsS. an6 9
all facts necessary TO anoru me company
satisfactory idea of the land ms may b
done nv Certificates OF reliable, dtsinterested
persons residing in the neighborhOod- The
present actual value Of the a may be
proved in the same manner. Tn party
offering lands must state In his prop
osftion the lowest figures he will take.
i The Company will not give exorbitant prices
| The titles must be unencumbered by judy
meuts, mortgages, deeds Of trust, tax titles, or
otherwise. This may be shown by official
certificates Of judges, clerks, sher11s, or the
| opinions of respectable attorneys This Is be-
/ lfsYed 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 w~ealthiest citizens Of
/ the South aud West are warmly embarked in
the enterprise. The General Headquarters OF
the Company are in New orleans, but agen-
cies exist in all the principal cities. Inc en-
terprise has been endorsed oy UnderWrIters
| Chambers of Commerce, Engineers. 4echan-
| les. practical naTigatorSs and al classes OF
/ practical men,
| public IN the confident belief that tney VII
/ be understood and appreela1e1.
uvR Agent at Memphis.