Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-18
To THE OWNERS OF REAL ESTATE IN
TENNESSEE, MISSISSIPPI, ALA

BAMA AND ARKANSAS:
TNHE COMPANY KNOWN TO THE PUBLIC.
i 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.
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 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 pFiyi-
Ieges as are hereby or may be conferred on
them for the purposes aforesaid.
The Company propose, under the provisions
OF this charter 10 construct a lint OF steam
ers TO run between the different ports on the
Mississippi river and its tributaries. They
Will be constructed upon the lOW-pressure
principle; they viii carry less steam; they
viii 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 fire, apparatus
for turning steam upon it Will be provided,
and il is demonstrated that steam is the most
effective extinguisheT of fire. In case one
compartment IS broken through by contact
with snags, and fills with water, the others
az NV aAAa
as pumps, provided for such an emergency,
will be in instant operation. Safety to pas
sengers and freight is a great end, worthy o.
the struggle of the people of the Mississippi
Valley.
Nearly three hundred thousand dollars in
money and work has already been subscribed
TO the capital stock OF the Company. 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. Company
have resolved to take lands for stock, and
this is 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 1ncum-
brance. Vast tracts that yield no revenue to
the prOprietors, pay eXOrbitant taxes, and
thus cripple their only productive resources.
This Company propose TO take these lands ut
a fair valuation and issue to the owners their
stock in lieu. Iflands shall enhance in value.
so will the stock enhance in value, and thus
the land proprietor carry in his pocket the
equivalent of his lands, 10 be converted into
money or property without delay. Tn sue
cess OF this great enterprise is beyond ques-
ton. The 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 Memphis a description of them, their pro-
ductfV hafties, the timber, bottom or up
land; Whether OVERLOOKED or not; if over
flowed, what proportion; how near TO
county-town. TO railroad, depot, river: and
~ ~ NINEEo- ~ eLDAo AA1 hAAN 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 Owest figures he will take.
The Company viii not give eXOrbitant prices.
The titles must be unencumbereI by judg-
ments, mortgages, deeds of trust, tax titles, or
otherwise. This may he shown by official
certificates of judges, clerks, Sherifis, 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
yet been or can be offered.
Many of the best and Wealthiest citizens of
the South and 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. The en-
terprise has been endorsed by Underwriters,
Chambers of Commerce, Engineers, Mechan-
les, practical navigators, and all classes of
practical men.
The foregoing facts are submitted to the
public in the confident belief that they will
be understood and appreciated.
f. Y. Rocket,
my II Agent at Memphis.