Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-04-28

THE MISSISSIPPI VALLEY

THE COMPANY KNOWN TO THE PUB
L lie the 81 Mississippi Valley Navigation
Company of the South ana West" is org2nizec
under charter from the State of Louisiana
ibis charter authorizes a capital stock of I'VE
huncred thousand collars, with the privilege
of extension to one million. That the public
may know the exact object OF the CoInpany
as follows:
"The object of this Company is to construct
or otherwise to procure and maintain one OF
more steam boats, or other vessels to run on
and navigate the NJ ssihsippi river, or its trlb-
utarleS, ior the purpose Of carrying freight,
mails and passengers; TO construct cocks
whsryes, buildings and such other construc-
Lions may be necessary TO the building and
repairing OF vessels, and generally 10 exercise
such incidental powers and privileges as are
hereby or may be conferred on them for the
purposes aforesaid.
The Com pany propose, under the provisions
of this charter to construct a line OF steamers
TO run between the different ports on the ID is
slssippi river aud its tributaries. They will be
constructed upon the low pressure principle ;
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 eur
waters. Divided into distinct CON partments
If disaster, whether by fire or snags, shall hap
pen to enc, the boat is not endangered. In
case of fire, apparatus Tor turning steam upon
IL will be provided, and it is demonstrated That
steam is the m st eff ctive extinguisher of fire
In case one compartment is CFoken through BIZ
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-
" III. n
passengers and freight is 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 subscri bed
to the capital stock OF the Company. The Lou
isiana Lsg stature has passed bill subscribing
one hundred thousand dollars Of stock 10 the
Company. An additional sum Of that amount
viii, without q d0ubt, be subscribed by the
same body. The Company have resolved to
take lands for stock, and this is the feature TO
TheV n nall offn -
ers of real estate. In the southern States, on
account of the disoTganized condition of labor,
lands are an 1ncumbrance. Vast tracts that
yield no revenue TO the proprieaors, pay exor-
O1tant taxes, and thus cripple their only pro-
ductive resources. This Company propose to
take these lands at fair Valu aJiOn and Issue TO
the owners tbelr stock in lieu. II lands shall
enhance in value, so will the stock enhance In
value, and thus the land proprietor viii carry
in his pocket the equivalent OF his lands, to be
cOnvel ted into money or property without de-
lay. The success of this great ENTERPRISE Is be-
yOnd question. The stOckholder, in addition
to the benefit of the enhanced value OF his
lands, will ce part owner OF a line of boats
and be entitled to dividends in their earnings
Persons wishing 10 exchange lands for the
stock Of the Company Will send to the Agent al
Memphis description of them, their produc-
tive qualities. the timber, bottom or upland
whether oYernowed or not; If overfowed, whai
propoi ton how near 10 county town to rail
road, depot, river, and all facts necessary 10
afford the Company satisfactory idea of the
land. This may be done by certificates OF re-
Liable, disi terssted persons resi5tne in tba
neghboThood. The present actual value of
the land msy be proved in the same manner.
STE party Offering lands must stale in his prop
'Ss1tiQn tEe lowest ngu, es he viii take The
Company Will not give exorbitaEt prices. The
titles must be uDepeumbered by Judgments,
mortgages deeds OF trust, tax titles. or other
wise 1his may be shown by official certid-
Gates OF JUG ges. clerks, sherifs or the opinions
of respectable attorneys, This is believed 10
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, bot agencies
exist in all the principal cities. The en- ter
prise has been endorsed by Underwriters
chambers OF Commerce, Engineers, Mechan-
les, practical naygatOrs and all classes of prac-
tlcal men.
The foregoing facts are submitted TO the pub
lie in the COZ ufident belief that they will be nm.
derstood and appreciated,