Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-22
TO THE OWNERS OF REAL ESTATE IN
TENNESSEE, MISSISSIPPI, ALA
RAMA AM NlAQ

- ~
ITSHE COMPANY KNOWN TO THE PUBLIC.
Il 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 10 one million.
THAI 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 10 procure and maintain
one or more steamboats, or other vessels, 20
run on and navigate the Mississippi river, or
its tributaries, for the purpose Of carrying
freight, malls and passengers; TO construct
docks wharves, buildings and such other con-
structions as may be necessary 10 the build
exercise spch incidental powers and priyi-
leges as are hereby or may be conferred on
them for the purposes aforesaid.
The COmpany propose under the provisions
of this charter TO construct a line OF steam
ers 20 run between the different ports on the
Mississippi river and its tributaries. They
viii 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
tinet compartments, ii disaster, whether by
fire or snagS, n happen to one, the boat Is
not endangered. In case of fire, apparatus
for turning steam upon IL viii be provided,
and il is demonstrated that steam is the most
effective extinguisher of IRE. IN case one
compartment is broken through by contact
with snags, and fills with water, the others
are not endangered, and the boat cannot sink,
as pumps, provided for such an emergency,
VIII be in instant operation. Safety to pas
sengeFs and freight is a 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 subscribed
10 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 viii, without a doubt, be sub
scribed BIZ the same body. The Company
bqtso rnColuad To faEra lands for QNnrE 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 ineum-
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 at
a fair valuation and issue to the owners their
stock in lieu. Iflands shall enhance In value.
so viii the stock enhance in value, and thus
the land proprietor carry in his pocket the
equivalent of his lands to be converted into
cess of this great enterprise is beyond ques-
ton. The stakeholder, in addition to the
benefit OF the enhanced value of his lands,
VIII be part owner of a line of boats, and be
entitled to dividends in their earnings.
P2Rens wishing TO exchange lands for the
stoeWd the Company viii send to the Agent
at Memphis a description of them, their pro-
ductive qualities, the timber, bottom or up
land; whether oyerfiOyed or not; If over
flowed, what proportions how near to
all facts necessary 20 afford the Company 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 lowest figures he will take.
The Company Will not give exorbitant prices.
The titles must be unencumbered by judg-
ments, mortgages, deeds of trust, tax titles, or
otherwise. This may he shown by official
certificates of judges, clerks, sheTiffs, or the
opinions of respectable attorneys. This is be-
Tavaf tn ha tho host npnOrfznffv 70 dfsnOqa of
surplus lands in the South and West chat has
vet been or can be offered.
Many Of the best and wealthiest citizens of
the South and West are warmly embarked in
the,enterprise. The Genera 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 ali classes of
practical men.
The foregoing facts are submitted to the
public in the confident belief that they will
be understood and appreciated.
+. Y. Rocket,
my 10 Agent at Memphis