Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-03-19
NAVIGATION.
The Mississippi Valley
NAVIGATION COMPANY
OF THE
South and w est,
To the Owners OF Real Estate I'm Ten.
nessee, Mississippi, Alabama and
Arkansas:

To the Owners OF Real Estate I'm Ten
nessee, Mississippi, Alabama and
Arkansas:
THE COMPANY KNOWN TO THE PUB
Company Of the south and West 4" is orranized
under q charter from the State OF Louisiana.
This charter authorizes capital stock OF nve
hundred thousand dollars. with the privilege
may know the exact object of the Company.
the third article Of the charter is given entire
The OBJECT of this Company is to construct
more n1 stesmSoats or other vessels to run
and navigate the Mississippi river. or its trib-
utaries, for the purpose Of carrying ffeieht,
mails and passengers; to. construct docks.
wharves, buildings and such other .construc,
tions as may be necessary to the building and
repairing OF vessels, and generally TO exercise
such incidental powers and privileges as are
hereby or may be conferred on them for the
PURPOSES aforesaid"
The Company propose, under the provisions
of this Charter. to construct line of steamers
to run between the different ports on the Mis-
sissippi river and its tributaries. They will be
they will carry less steam they will make bet
ter time, and be in all respects more safe than
any description of boats ever placed upon our
waters Divided into di.tinct compartments.
if disaster, whether by fire or snags. shall hap
pen to one, the boat is not endangered. In
case Of FIRE, apparatus for turning steam upon
it will be provided, and it is demonstrated that
steam is the most effective extinguisher of fire.
In case enc compartment Is broken through BY
contact with snags, and fills with water. the
others are not endangered, and the boat can
not sink, as pumps, provided for such an emer-
gency, will be in instant operation. Safety to
passengers and freight Is great end. wor-
thy Of the struggle Of the people Of the Misss-
sippi Valley.
money and work has already been subscribed
10 the capital stock of the Company. The Lou
isiana Legislature has passed bill subscribing
one hundred thousand dollars Of stock to the
Company. An additional sum OF that amount
will, without ? doubt, be subscribed by the
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 ac-
count of the disorgan zed condition OF labor.
lands are an ineumbrance. Vast tracts that
yield no revenue to the proprietors. pay exor-
bifant taxes. and thus cripple their only pro-
ductive resources. This Company propose to
take these lands at fair valuation and issue to
the!owners their stock in lieu. Iflands shall en-
value, and thus the land proprietor will carry
in his pocke ct the equivalent of his lands to be
converted into money, or property without de-
lay. Inc success o. tnis gIest enteipfise e Pc
to the benefit of the enhanced value Of bis
lands, will be part owner of line OF boats,
and be entitled TO dividends in their earning.
Persons wishing to exchange lands for the
stock of the Company will send to tho Agent at
Memphis a description Of them, their produce
tive qualities. the timber, bottom or upland
whether overfowed or not If overflowed. what
proportion how near to county town. to rail-
road, depot. river, and oil facts necessary to
afford the Company q satisfactory idea of the
land. This may be done by certificates of re-
liable, disinterested persons residing in the |
neigh borhooi, The present actual value of
the land may be proved in the same manner.
The party offering lands must state in bis
proposition the lowest figures he will take. The |
Company will not give exorbitant prices. The |
titles must be unencumbered by judgments, |
mortgages, deeds of trust, tax titles. or other
wise This may be shown by official certificates |
OF judges, clerks, sheriff., or the opinions of |
respectable attorneys. This is believed to be |
the best opportunity tn 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 Ia |
the enterprise. The General Headquarters of |
the Company are in New Orleans, but agencies |
exist in all the principal cities. The enter |
prise has been Endorsed by Underwriters, |
Chambers of Commerce, Engineers, Me |
chanics. practical navigators. and all classes of
practical men.
The foregoing facts are submitted to the pub |
lie in the confident belief that they will be un-
derstood ard appreciated.