Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-03-17

NAVIGATION,
The Mississippi Valley
NAVIGATION IIuo COMPANY
OF THE
south and w est,
To the Owners Of Real Estate In Ten.
nessee, Mississippi, Alabama ana
Arkansas:

nessee, Mississippi, Alabama ana
Arkansas;
THE COMPANY KNOWN to TEE IaI;I puB,
| Il lie as the Mississippi Valley Naypa!lol
| Company Of the South and West +" Is ORGANIZED
under a charter from the State OF Louisiana.
| This charter authorizes capital stock OF nve
hundred thousand dolars. with the privilegs
may know the exact object of the Company,
the third article of the charter is given entire
The o, ject of this Company is TO construct
| or otherwise to procure and maintain one OF
more ste am boats, or other vessels. 10 run on
and navigate the Mississippi river. or Us trio-
utaries, for the purpose OF cairyipg ffeieht'
mats and passengers; to- construct DOCKS,
wbarves, buildings and such other coustruc:
| lions 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-
sissi ppi river and its tributaries. They will he
constructed upon the low pressure, principle
they will carry less steam they sill make pet
ter time, and be in A. respects more safe than
any description Of boats EVER placed upon our
waters Divided into oi tinct compartments,
if disaster, whether by fro or snags. shall hap
pen to one, the boat is not endangered. In
case of fire, apparatus for turning steam upon
il will be provided. and ii is demonstrated that
steam is the most effective extingu'sher OF IRE.
In case enc compartment is broken through by
contact with suags, and fills with water. the
others are not endangered, and the boat can
not sink, as pumps. provided for such an ener-
gency, will be il instant operation. Safety TO
passengers and freight is great end, wor-
thy of the struggle of the people of the Missis-
sippi Valley.
Neary three hundred thousand dollars in
money and work has already been subscribed
10 the capital stock of the Company. The Lou.
isiana legislature has passed bill cut scriolng
one hundred thousand dollars Of stock to the
Company. An additional sum OF that amount
will without DOUBT, be subscribed BY the
same body. The Company have resolved to
take lands for stock. and this is the feature to
which tn ydesire to call the attention of owners
of real e,tate In the Southern States: on ac-
count of the disorgan zed condition of labor.
lands are an in umbrance. Vast TRAITS that
yield no revenue 10 the pro1rieiors. pay e1or-
bitapt taxes, and thus cripple their only pro-
ductive resources. This Company propose to
tax these lands at fair v.luation and issue to
the,owners their stock in lieu. lfands shall en-
nance in value. SO will the stock enhance IN
value. and thus the land proprietor will carry
in his pscset the equivalent Of his lands, 10 be
converted into money or property wi bout de-
Law The success Of this great ente, prise is be-
yond question. The stockholder, in addition
10 the benefit OF The enhanced value OF bis
Ian d.. will be part ovLer OF line OF boats,
and be entitled 10 dividends in their earning.
PersOns viking 70 exehause lands for The
stock Of ne ConeAny vlil send to the Agent at
Memphis . description Of them. their produc-
tive suzlifist. the timber. bot ON or upland
whstbs- overflow ed CT Tot If oveif0wed, w5at
urogo-rDr bow near 10 county t0wD. 10 rail-
InRd Depot rivtf. lba 81 facts necessary TO
ST I'd the Com pEny sEHtlsiSctsry IDEA Of the
land TIM MAJ be aSEs ~ certificates Of re-
hRhie, disinfHressa persons residing in the
nsighburhsoa. The present neiaal Va ne Of
the lnn1 MAJ be ErOrtc n The SANE manner. |
TIM pnrfs sfsrlnr lands mast state IL his |
IlrupDsI1iDr ths lpveff fCu'sE be will take. be
Cuurf4rr VIII nj rye sxur.itaot prices The |
rirlrf INNS be r1ercus8ssrei ~ judgments. |
nur1EhreE. ossns Ct 1rEst. AK titles. Or other |
wise Tim HHJ he Et5wn b. eh=iai certificates |
&C junE-s. clerks, saer1zs. or the opinions of |
reslsrlEbie K-sIr sTs. This Is believed to be |
ztls sasz Bgpss@uri - dispose o. surplus lands
N lbs SguEn and " est TIA, "a; yet been or can |.
be UfiBTHn.
NnnF e he best 1,i veslthiest citizens Of |
-1t eUr1f AS Wet are warmly embarked Ia |
The eI1s-grI G. The General Headquarters Of |
rrs CsutaxJ are in New Orleans. bat agencies |
Il n 4 al the principal cities. The enter |
Irss las bss, Endorsed By Underwriters,
ChxEtrE Ct Counsiee, Engineers, Me
rtErisz. practical nAvigators. and all classes Of
,-zc.5cz mn.
] Re to-sEsiug facts are submitted to she pub |
Sc IL the confident belief that they will be un-
aerstsC1 ~ appreciated.