Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-07-01
THE MISSISSIPPI VALLEY
Navigation Company
S U AND YVES 7.
TO THE OWNERS or REAL ESTATE N
TENNESSEE, MISSISSIPPI, ALA
BANIA AND ARKANSAS:

THE COMPANY KNOWN To THE PUBLIC
Il as the q" Mississippi Valley Navigation
Company of the SOuth aud West, Is organ
ICED under a charter from the State Of Lou
isjaEa. This charter authorizes a capita
stock Of hre hundred thousand dollars, via
the privilege of extension 10 n 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 10 con-
st-uct or otherwise 10 procure and maintain
one or more steamboats, or other vessels, to
run on and navigate the Mississippi river, CT
its tributaries, fOr the purpose OF Carrying
docks Wharves, buildil 5 snd such other con-
StructiOns as may be necessary 10 the hu1ld-
exercise such incidental powers and prtTt
legss as are hereby OF may he conferred on
them for the purposes Aforesaid
The Company propose, under the provisions
of this charter to construct n line OF steam
erS to run between the different ports on the
Mississippi river and Its Tributaries They
viii be constructed upon the lOE-pressure
pTinCiplei they VIII carry less steeH2i they
wul make better time, and be in all respects
more safe than any description Of boats ever
placed up0n our waters. DIVIDED mo dis
tinct compartments, II disaster, whether by
fire or snaEs, shall happen to one, the boat Is
not endangered. IN case Of nre, apparatus
for turning steam upon il win be provided,
and il 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 sink,
as pumps, provided for such an energepc, .
viii be in Instant operation. safety TO pas.
seng6Ts and freight IL a great end, worthy OF
the struggle Of the people OF the mississippi
Valley.
Nearly three hundred thousand dollars in
money and work has already been subscribed
10 the capital stock Of the Company. h
louisiana Legislature has passed a btl sub
seribing one hundred thousand collars o.
stock to the Company. An additional sam OF
that amount viii, without a doubt Dc sub
scribed by the same body. The Company
have resolved TO tax lands for stock and
this is the feature to which they desire 70 call
the attention Of owners of real estate. IN the
southern states, on account OF the dlSorgan-
lied condition of labor. lands are an Ancum-
brance. Vast tracts thSJ yield no revenue
the prOprfetOFS, pay eXOrbltanI taxes, an
thus cripple their only productive resource.
This propose TO take these lands az
q fair valuation and issue TO the OWners their
stock IN lieu. Iflandss shall enhance IN value,
so viii the stock enhance IN Vaiue, ead mus
the land proprietor carry IN ms pOehst thS
equivalent Of his lands, 10 De converted INTO
money or property without delay. Inc sue
cess of this great enterprise Is beyond ques-
benefit of the enhanced value Of his lands,
Will be part owner of a line OF boats, anu Dc
entitled 10 dividends in their earnings
Persons Wishing 10 exchange lands Iorlhs
stock Of the company viii send TO the Agent
at Memphis a description OF them Inelr pro-
ductive qualities, the timber, cotton OF up
land: whether overlooked or not; II over
flowed, what proportion now near 70
county-town, TO rallroadr depO+ [INeEs anu
XII lLlIN AELEn-aAI -
satisfactory idea OF the land. This may be
done by certificates of reliable, disinteFested
persons residing in the nelghborhO0d- The
present actual value OF the and may be
proved IN the same manner. The party
6nering lands must state in his prop
osition the lowest figures he wiz take.
The Company viii not give exorbitant prices
The titles must be u-nencumbered b. Judg-
ments, mortgages, deeds OF trust, tax titles, or
otherwise. This may be shown By ondclal
certificates OF judges, clerks, sherins, OF the
opinions Of respectable attorneys Intsls De-
lieved to be the best opportunity 90 dispose 2S
surplus lands in the South and West that mas
been or can be offered.
Many of the best and Wealthtest citlzenS OF
the South and West are warmly embarked IN
the enterprise. The General qua OF
the Company are in New Orleans, but agen-
eiss exist in an the principal cities. The en-
terpriSe has been endorsed by UnderWrtters,
Chambar of Engineers, Mechan-
les, practical navigators, and all classes OF
practical men,
The foregoing facts are submitted 70 the
public in the confident belief that they vii
Be understood and appreciated.
+. y. Rocket,
mvI5 Agent at Memphis.