Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-06-04
To THE OWNERS OF REAL ESTATE IN
TENNESSEE, MISSISSIPPI, ALA
BAMA M ARKANSAS:

BAMA AND
THE COMPANY KNOWN TO THE PUBLIC
as the = Mississippi Valley Navigation
Company of the South and West" is organ
lied undera charter from the State of Lou
stock of five hundred thousand dollars, with
the privilege Of extension to one million
That the public may know the exact object OF
the Company, the third article OF the charter
is given entire as follows:
.FThe object Of this Company is to con-
struct or otherwise to procure and maintain
one or more steamboats, or other vessels, to
run on and navigate the Mississippi river, or
its tributaries, Tor the purpose of carrying
freight, mails and passengers; to construct
docks WharVes, buildings and such other o n
structiOns as may be necessary to the build
ing and repairing Of vessels. and generally to
exercise such incidental powers and pr1V1-
leges as are hereby or may be conferred on
them for the purpose aforesaid.
The company propose, under the provisions
of this charter to construct a line OF steam
ers to run between the different ports on the
Mississippi river and its tributaries. They
will be constructed upon the hOW-preSsure
prineiple: they will carry less steam; they
will make better time, and be in all respects
more safe than any description OF boats ever
placed upon Our waters. DIVIDED INTO us
tinct compartments, If disaster, Whether Dy
fire or snags, shall happen to one, the boat is
not endangered. In case of fire, apparatus
for turning steam upon It will be provided,
and IL is demonstrated that steam is the most
effective extinguisher of FIRE. 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,
will be in instant operation. Safety TO pas
sengers 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
to the capital stock Of the Company. Inc
scribing one hundred thousand dollars OF
stock 10 the Company. An additional sum OF
that amount win, without a doubt be sub
have resolved to taHHtands for stock, and
his is the feature to which they desire 70 call
the attention OF owners OF real estate. IN the
Southern States, on account of the dtsorgan-
lied condition of labor. lands are an tneum-
branee. Vast tracts that yield no revenue to
the prOprietOrs, pay eXorb1tont taxes anu
thus cripple their only productive resources.
This company propose to take these lands az
a fair valuation and issue to the owners tnelf
stock in lieu. II lands snail enhance IN sdiuef
SO will the stock enhance in value ana mus
the land proprietor carry IN MS pocket tle
equivalent of his lands, TO be conVerrsu mo
money or property without delay. me sue
cess OF this great enterprise Is Deyonu Dues
lion. The stakeholder, in addltl9n 70 the
benefit of the enhanced valuSS baats and ~,
/ entitled to dividends in their earnings.
Persons wishing to exchange lands Tor the
stock of the Company will send 10 the Agent
/ AZ Nemphis a description OF them, their pro-
ductiye qualities, the timber, bottom or up
land: whether overlooked or not; Il over
lowed. what proportioni how near 20
| county-town, to railroad, depot, river; and
| ali facts necessary to afford the a
| satisfactory idea OF the lanO. 1nS may VIC
/ done by certificates of reliable, disinteresIed
/ persons residing in the neighborhood. The
/ present actual value of the lana may Dc
proved in the same manner. . party
Offering lands mu state in ms prop
/ osition the lowest figures he VIII take.
THE Company will not give exoro1tant prices.
! The titles must be u-nencumbered by Judg-
/ ments- mortgages, deeds Of trust, tax titles, or
| ofherwise. n may be shown by official
| certidcates Of Judges, clerks, sher1tfs, or the
/ orinfons of respectable attorneys. This is be-
| Ifeyed to be the best opportunity to dispose OF
| snrplus lands in the South and West that has
l vet been or can be offered.
Many of the best and Wealthtest citizens OF
| the south and West are warmly embarked in
1 the enterprise. The General Headquartefs OF
! The Company are in New Orleans, but agen-
| cies exist in all the principal cities. me en-
| terprise has been endorsed by
| Chambers Of Commerce, Engineers, Meenan-
/ les, practical navigators, and all classes OF
| practical men.
The foregoing facts are submitted 70 the
1 public in the confident belief thaJ they WI
be understood and appreciated.
+. Y. ROCKET,
nv Is Agent at Memphis.