Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-03-14
BANKS n
The MISSISSIPPI VALLEY
NAVIGATION COMPANY
or The
s o u Il M Z S t.
To the Owners OF Real Estate In Ten
nessee, Mississippi, Alabama and Ar
kansas:

THE COMPANY % TO II PUB
Z lie as the " Mississippi Valley Navigation
Company OF the South snd West" Is organized
under a chatter from the State OF louisiana
This charter authorizes a capital stock OF i've
hunared thousand dollars, with the privileges
OF extension To one million. That the puDite
may know the exact object OF the Company,
as follows
s'The object Of this Compan Is to construct
or OtherwIss TO procure ana maintain one or
more steamboats,, or ether vessels, u run on
and navigate The NJ ssiEsippi river, or its trib-
utariess Tor The purpose Of carrying freight,
mails and passengers; TO construct cocks,
wnarves, buildings and such other constrae-
lions as may De necessary 10 the buildtI g and
| repairing OF vessels, and generally 20 exercise
such incidental powers and privileges IS are
hereby or may Be conferred ON them for the
The Compan propose, under the provisions
OF this charter To constructs q line of steamers
10 run between the different ports on the Ms
sIsSippi river and its tributaries. they will be
constructed upon the Iow-prsssure principle:
they viii carry less steam they viii make get
ter time, and be in ali respe- is more safe than
any description Of boats ever placed upon cur
waters. Divided into distinct compartments,
II disaster, whether by IRE or Snags, shall hap
pen TO enc, the boat is not endangered In
case of nre, apparatus for turning stesm upOa
Ht will be provided, and it is demonstrated Ihat
steam is the m st Ell GIVE extinguisher of IRE.
In case one compartment is erOkeH through by
contact with snags, anu Ills with water, the
others are not endangered. and the boat can
not sink as pumps. provided Tor such an emer-
gsncy, will be in Instant operation. Safety TO
p LSsengers and freight is a great end, worthy
OF the sttuGgie OF the people Of The Mississippi
Valley.
Nearly three hundred thousand dollars in
money ami WORK has already been subscribed
to the capital stock or the Company. The Lou
isiana L e stature mas passedA oil SUBSCRIBING
one hundred thousand doll4rs of stock TO the
Company. In additional sum of that amouat
will, without a doubt, be subscribed by the
same body. The Company have resolved to
take lands for stock, snd Inis Is the feature to
which hey desire 10 cali the attention or own
ers Of real esta e. In the southern States, on
account of the disoTganized condition of labor,
lands are an incumbranea. Vast tracts that
yield no revenue 20 the PrOpriet0rs, pay exor-
bitant taxes, and thus cripple their only pro-
ductIve resources. This Oupany propose to
take these lands at a fair valu lIion and issnsLO
the owners their stock in lieu. II lands shall
enhance In value. so will the EJOcE enhance in
value, and thus the land proprietor viii e.rTy
in his pocket tbs equivalent OF his lands, TO be
converted into money or property wtLhont de-
lay. The success OF this great eAterprise Is be-
yUnd question. The ~stOckhOlGeT, in addition
TO the benedt of ths enhanced value OF his
lands, viii be part owner OF q line OF boats, |
and be entitled to dividends in their earnings.
Persons wishing TO exchange lands tor the
stock of the Company w1li SEND to the Agentat
a description OF them, their pToduc- |
tive qualities. the timber, bottom or upland |
whether overlooked or not; II oven howet, what
propO. tlOD now near to cOunty-tOWn, u rail- 4
road, depot, river, and all facts necessary 10
AFFORD tue ConP&n q satisfactory idea OF the
land. This msy Oe done by certificates OF re-
liable, disiUteTested persons residing in the
ueighbOThOOd. The present actual value OF
the land msy be proved in the same manner. /
The party Offering lands must staten his prop
ositiOn tie lowest nguFes he viii take The |
viii not give ezOrbitaht Irices. The
Titles must be nSneu mbered by Judgments. |
mortgages, deeds or uuSt. tax titles. or other
wise. Ibis may be shown by official teIJIr-
Gates OF juE ges. clerks, sheriff., or the opinions |
OF Tess ectsble attorneys, TINS IS believed 10
be the bssJ opportunity to dispose of surplus
lands In the south and West that has YET been
or eau be Offered.
Many OF the best and wsaIthiest citizens Of
the SCUM and West are warmly embarked in
the enterprise. The General headquarters OF
the Company arein New orleans, bit agencies
in all the principal cities. The enter
prise has been endorsed by Cnderwriters.
Chambers OF Commerce, Engineers. Mechan-
les, practical navigStOrs, and all classes OF prae-
ical men. /
The foregoing facts are submitted to the pub
ic in the confident belief that they viii be IN
1erstOOd and appreciated.