Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-08-17

To the owners OF Real Estate in louisiana.
and Alabama:
THE COMPANY KNOWN TO THE PUBLIC
as the " Mississippi valley Navigation
Of the south and West" Is organ
lied under a charter from the State Of Lou
This charter authorizes a capital
stock of five undr thousand dollars, with
the privilege Of extension 70 one million.
the public may know the exact object OF
the Company, the third article OF the charter
is given entire as follows:
9Th object of this Company Is 70 con-
struet or otherwise to procure and maintain
one or more steamboats, or other vessels, 70
run on and navigate the Mississippi river, or
freight, mails and passengers; to construct
docks wharyes, buildings and such other con
as may be necessary TO the build
exercise such Incidental powers and privt-
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 dl1-
ferent ports on the Mississippi river and its
make better time, land freight and passen-
gcrx without r~Oundlng-tO, and, by means OF
endless chains and elevators, receive grain IN
bulk and discharge Il Ut for ~shipment dt-
rrctIy ,sn board the vessel intended 10 receive
it. instead Of the present mode OF putting II
first or shore. thereby saving time, labor and
expense. The Boats VIII also De divided into
distinct cOmpartments-sO, II they encounter
snags. or any accident should happen 70 the
hull. the boat will not be endangered h
will also nave complete apparatus for eXtin-
guishing IRE by steam, and conducting water
over the vessel for domestic use; and viii be
in every respect safer, swifrer, and better
adapted for carrying passengers and freight,
II ut a cheaper rate than ang boats now
navigating The Mississippi river.
owing TO the difficulty Of obtaining cash
subscriptions to any enterprise, no matter
how great It's merit, the Company have de-
termined TO receive subscriptions IN Lana TO
the Capital Stock. In doing so, we have At
once a substantial basis; Sud as II is very
reasonably expected that within a short TINS
lands will considerably appreciate in value,
this plan will afford us a source OF revenue
entirely separate aud distinct, and when
added to the expected earnings of the boats,
cannot. in the natural course of things, fail
10 make the stock a 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 sacrifice, and perhaps
not at ali, will, on reflection, see this 10 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, az
C%arondelet street, New Orleans.
Parties at IA distance, desiring 70 subscribe
lands. must senu TO the local agents aD-
Stract of title, mortgage certificates, evidence
that the taxes have beer. paid, testimony OF
responsible parties respecting the value ofthe
land, price, and, in fact, all Information ne
cessary to give the Company a satisfactory
idea Of the land offered. ,
By order of the Board of Directors.
AIgH CaAS. X. BENTON, Secretary.
J. T. SWAYNE PREsIREEF,
DOCKS for the subscription OF stock to the
ID above named Company are now open At
Their Office, No. Il Jefferson Street,
Where ali persons DESTROYS OF subscribing q
she capital stock, in lands or money, are re-,
quested to call.
A. D. WITHERSPOON, Agent.
Memphis, August 10, 1869. augl0