Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-08-30

To the owners Of Real Estate in Louisiana.
Mississippi, Tennessee, Arkansas, Texas
and Alabama:
THE COMPANY KNOWN TO THE PUBLIC
Company of the South and West, is organ
lied under a charter from the State Of Lou
lsiana. This charter authorizes a capita
stock of i've hHndred thousand dollars, with
the privilege OF extension to one million.
That the public may know the exact object OF
the Company, the third al ticle Of the charter
IS given entire as follows:
The object of this Company is to con-
struct or otherwise to procure ana maintain
one or more steamboats, or other vessels, to
run on and navigate the Mississippi rive 7, or
its tributaries, for the purpose Of carrying
freight, mails and passengers; TO construct
docks wharVes. buildings and such other con-
ing and repairing of vessels, and generally TO
exercise such Incidental powers and privi-
leges 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 viii carry less steam,
make better time. land freight and paSSeD-
gers without rounding-to, and, by means of
endless chains and elevators, receive grain In
bulk and discharge IL lit FOR ipmen d.
rectiy on board the vessel Intended 20 receive
u, instead OF the present mode OF putting il
nFst ~ shore, thereby saving time, labor and
expense. The Boats will also be divided into
distinct cOmpartments-SO, If they encounter
snags, or any accident should happen to the
hull, the boat Will not be endangered. They
will also have complete apparatus for exttp-
gushing nre by steam, and conducting water
over the vessel for domestic use; and will be
In every respect safer, ~Ssifter, and better
adapted for carrying passengers and freight,
and al q 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-
terminated 10 receive subscriptions n Landto
the Capital Stock. In doing so, We have at
once q substantial basis; and as 10 Is very
reasonably expected that within y short time
lands will ly-appreeiate in value,
this plan viii afford US a source of revenue
entirely Seperate and distinct, and when
added TO the expected earnings of the boats,
cannot, in the natural course If things, fail
10 make the stock q profitable Investment.
little or nothing, but on which they are pay
ing taxes, and which cannOt be sold at pres
emit, except az a great sacrifice, and perhaps
not at all, viii, on reelection, see this 10 be an
excellent and unusual plan for realizing on
them, as the certificates Of stock of a COM
panyc can be much more readily disposed of
than lands
Books OF subscriptions 10 the capital stock Of
the Company epD open at the office, AN
Carondelet street.New Orleans.
Parties at a distance, desiring 20 subscriDs
stract Of title, mortgage certificates, evidence
that the taxes have been paid, testimony OF
responsible parties respecting the value of the
land, price, and, In fact, all m me-
cessary 10 give the Company a satisfactory
idea OF the Land offered
BY order Of The Board qf Directors.
aug4 CHAS. r. BENTON, Secretary.