Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-08-18


To the owners of Real Estate in Louisiana.
mississippi, Tennessee. Arkansas, Texas
and Alabama:
THE COMPANY KNOWN TO THE PUBLIC
i as the " Mississippi Valley Navigation
Company OF the South and WestH q Grga1.
ized gndera charter nom the state OF E0u-
tsiana. fhis charter authorizes q capital
stock Of i've hundred thousand dollars, with
the privilege of extension TO one million.
mat 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 Compsuv Il n con-
aHa ~ riote ~stsal2nGats 6r other vessels, TO
Elo On anS NAVIGATE the Mississippi river, or
is trlhutaries, toT tae psrRoss q carrying
docks Wharves, buildings and such other con-
structions as may be necessary TO the build
ing and repairing Of vessels, and generally TO
exercise such incidental powers and priv
leges as are hereby or may be conferred on
them for the purposes aforesaid
The Company propose, underline provision
of this charter to construct a line OF Low
PRESSURE Steamboats, TO run between the dlf
ferent ports on the Mississippi river and Its
tributaries. They viii carry less steonai
gers without rOpnding-t0, and, by means 81
endless chains and elevators, receive grain ~
bulk and discharge It Gt for shipmentl d.
reetly on board the vessel intended to receive
&, instead of the present mode OF putting IL
first on shore, thereby saving time, labor and
expense. The Boats viii also be divided INTO
distinct cOmpartments-so, II they encounter
snags, or any accident should happen 70 the
hull, the boat viii not be endangered. They
will also have complete apparatus for exttn-
gushing dre by steam, and conducting water
over the vessel for domestic use; and will be
in every respect safer, swifter, and better
adapted for carrying passengers and freight,
and at a cheaper rate than any boats nov
navigating the Mississippi river, :
Owing 10 the difficulty OF obtaining cash
how great its merit, the Company have de-
termtned to receive subscriptions in Land to
the Capital Stock. In doing so, We have at
once a substantial basis; and as Il Is very
lands will considerably appreciate In value,
this plan viii afford us q source of revenue
entirely separate ard distinct, and when
added to the expected earnings Of the boats,
cannot, in the natural course of things, fail
TO make the stock g profitable INVESTMENT!
Parties having land which produces them
little or nothing. but on which they are pay
ing taxes, and which cannot be sold at pres
ent, except at a great sacrinee, and peFhaps
not at all, win, N reflection, see this 70 be an
excellent and unusual plan for realizing on
them, as the certificates Of stock Of a COM
pany can be much more readily disposed of
than lands.
Books OF subscription to the capital stock of
the Company are now open at the Office, 2i%
C~arondelet street, New Orleans.
Parties at a distance, desiring to subscribe
lands. must send to the local agents alb
stract Of title, mortgage certificates, evidence
the taxes have been paid, testimony Of
responsible parties respecting the value oftEs
land, Price, and, in fact, all Information me-
eessary 10 give the Company a satisfactory
idea OF the land offered.
By order of the Board Of Directors.
augl4 CHAS. r. BENTON, Secretary.
J. T. SWAYNE, PRESIDENT.
= - -
DOCKS for the subscription OF stock to the
ID above named Company are 10Y open az
Their Office, No u Jefferson Street,
Where all persons DESTROYS Of subscribing 70
The capital stock, in lands or money, are re-
luested to call.
a. D. w1THERsf0oN, Agent
Memphis, August 10, 1859. aueiO