Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-14

OUT TIL AND IVES T.

JtHE COMPANY KNOWN TO THE PUB
1 lie as the g Mississippi Valley Navigation
Company of the South and West" is Organized
under charter from the State Of Louisiana.
This charter authorizes a capital stock Of five
hunOred thousand dollars, with the privilege
/ of extension to one million. That the public
the third article OF the charter is given entire,
as follows;
"The object OF this Company is to construct
or otherwise 20 procure and maintain one OF
more steamboats,, or ether vessels, ts run on
and navigate the Mississippi river, or its trib-
utaries, lor the purpose OF carrying freight,
mails and passengers TO construct cocks
WharyeE, buildings and such other construc-
tions as may be necessary 10 the building and
repairing OF vessels, and generally 70 exercise
such Incidental Powers and privileges as are
hereby OF may be conferred on them for the
purposes aforesaid.
The Com pany propose, under the provisions
of this charter 10 construct a line of steamers
TO run between the different ports on the MIS-
slssippi river and its tributaries. They will be
constructed upon the low pressure principle; I;
they Will carry less steam (; they will make bet
ter time, and be In all Tespects more sefs than
any description OF boats ever placed upon eur
waters. Divided Into distinct compartments
If disaster, whether by IRE or snags, shall hap
pen to enc, the boat is not endangered. In
case OF IRE. apparatus for turning steam upon
it will be provided, and it Is demOnstTa ed that
steam is the most effective extinguisher of FIRE
In case one com partLnentt is uroken through by
contact with SnagS, and nils with water, the
Otoers are not endangered. and the boat cam
not sink, as pumps, provided for such an emer-
gency, will be in instant operation. Safety 10
passengers 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
70 The capital Stock OF the Company. The Lou
tstana Leg. stature has passed bill subscribing
one hundred thousand dollars of stock to 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
Nuh1 nv m aaNf ffze,o
eTs OF real estate. IN the Southern States, on
account of the disoTganized condition OF labor
lands are an 1ncumbranee. Vast tracts that
ylelo no revenue 70 the proprtetors, pay exoF-
b1tant taxes, and thus cripple their only pro-
ductlve resources. This Company propose TO
take these lands at q fair valuation and issuetO
the owners their stock In lieu. II lands snail
enhance in value, so will the stock enhance in
value, and thus th6'lsDd pIopIietor will csrry
In ms pOeket the equivalent Of his lands, to be
converted Into money or property without de-
lay. The success of this great 6nterpriss Is be-
yOnd question. The stoekholder, in addition
70 the cement OF the enhanced value OF his
lands, viii be part owner OF line of boats
and be entitled to dividends in their earnings
Persons wishing to exchange lands for the
stock Of the Company viii send 10 the Agent at
Memphis description of them, their produe-
tive qualities. the timber, bottom or upland
whether overhowed or not; If over1owed, what
pTopol ton now near TO county-town, to rail-
road, depot, river, @na all faots necessary TO
anord ne company satisfactory idea Of the
land. This may be done by certificates OF re-
liab'e, dislnterested persons residing in the
neighboEhOOd. The present actual value o.
t1snsend may be proved in the sans manner.
PARTY Offering lands must statei in his prop
Csiuon the lowest figures he will take The
Company will not give eXorbitast prices. The
titles must be untneumbered by judgments,
mortgages deeds OF trust, tax titles, or other
wise. This may be shown by ofnsial eertih-
oates OF judges clerks, sheTils, or the opinions
of IespeetabIp attorneys, This is believed 10
ee the Lest Opportunity to dispose of surplus
lands in the south anu West that has yet been
or oa0 be offered.
Many OF the best and wealthiest citizens OF
the South and West are warmly barked In
the enterprise. The General Headquarters Of
the Company are in New Orleans but agencies
exist in all the principal cities. TIE enter
prise Las been endorsed hy UAderWritsrs
Chambers OF Commerce, Engineers. Meohan-
les practical nasisatOrs, and all GLASSES OF pEac-
teal men.
The foregoing facts are submitted to The pub
lie in the confident belief that they viii be un-
derstoOd ana appreciated.