Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-08-19

To the owners of Real Estate in Louisiana.
Mississippi Tennessee, Arkansas, Texas
and Alabama:
TNHE COMPANY KNOWN To THE PUBLIC
i as the " Mississippi Valley Navigation
Company of the South and West" is organ
ICED 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.
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 this Company is to con-
struct OF otherwise to procure and ANITA
one or more steamboats, or other vessels, to
run on and navigate the Mississippi river, or
its tributaries, for the purpose Of carrying
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 prtV1-
Ieees as are hereby or may be conferred on
them for the purposes aforesaid.
The Company propose, under the provision
of this charter TO construct a line Of LOW
PRESSURE Steamboats, to run between the diff
ferent ports on the Mississippi river and its
tributaries. They will carry less steam,
maze better time, land freight and passen-
gers without rounding-to, and, by means of
endless chains and elevators, receive grain In
bulk and discharge 1t IL for shipmentl d.
It, 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, II they encounter
znags, 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, and CONDUCTING water
over the vessel for domestic use; andWiN be
in every respect safer, swtfter, 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-
termined to receive subscriptions in Land to
the Capital stock. In doing so, we have at
49, ~ en-kaHnnHHaN h1Efgs aY1 N ~ 10 vaw-
reasonably expected that within a short time
lands viii considerably appreciate In value,
this plan will afford us a source Of revenue
entirely separate 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 prohtable Investment
Parties having land which produces them
little or nothing, but on which they are pay
ing taxes, SDd which cannot be sold at pres
ent, except at a great sacrifice, and perhaps
pot 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 more readily disposed Of
than lands
Books of subscription 20 the capital stock of
the Company are o open at the office, az
CarOndelet street New Orleans.
Parties at e distance, desiring 70 subscribe
lands, mNst send 10 the local agents alb
stract Of site, mortgage certificates, evidence
tAat the taxes have been paid, testimony Of
responsible parties respecting the value of the
land, price, and, In fact, all ne
ceSSaTy 10 give, the Company a satisfactory
idea Of the land offered.
BY order of the Board of Directors.
augA CHAs. BENTON, Secretary.
]. 7. SWAYNE PRESIDENT.
DOOEs far the subscription of stock to the
y above named Company are now open at
Their Office, No. u Jefferson Street,
Where all persons DESTROYS Of subscribing to
the capital stock, IN lands or money, are re-
QuesIed to call.
a. D. WITHERSPOON, Agent.
Memphis, August 10, 1853. augl0