Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-04-02
NAVIGATION COMPANY
S SOUTH AND WEST.
nessee, Mississippi. Alabama and Ar

THE COMPANY KNOWN TO THE PUB
Il Lie a. the Mississippi Valley Navigation
Company OF the South ana West % L. 0razu{zed
under a cnaatsr from the State Of Louisiana.
Tbs charter authorizes a capital stock OF i've
hunered thousand dollars, with the privilege
OF extension to one million. That the public
nay know the exact object Of the Company,
ne Snlro article or the charter Is given entire,
as follows:
The OBJECT OF his Company is to. construct
or Otherwise TO procure and maintain one or
more steamboats,, or other vessels. e run on
and navigate the Mississippi river, or lis rrib-
utariess Tor the purpose OF carrying freight,
mails and passengers to e0nstruct docks,
Wharves, buildings and such other eonstruc-
Lions as may be necessary 70 the building and
such incidental powers and privileges IS are
hereby or may De conferred on them for The
purposes Aforesaid
Tn Company propose, under the provisions
OF this charter 70 construct a line Of steamers
to run between the diferenB ports on the Ms
sissippi river and its tributaries. The viii Do
constructed upon the low-p pressure principle (;
they viii cary less steam p; they VIII make bet
ter time, and be IN all respe Is more sale han
any description OF boats ever pl3ced UPON eur
waters Divided into disttact Compartments,
II disaster, whether oy IRE or snags, snail hap
pen 70 one, the ooaI Is not ndAngered IN
case OF nre, apparatus for turning steam upon
it will be provided, and il Is demonstrated that
steam is the most e1t4EDe extinguisher OF nrs.
In case one compartment is UrOken through By
contact with sEags, and fills with water, the
etners are not endangered, and the boat can
not sink, as pumps. provided for such an emer-
EGLlg ~ &c IL SIAN ugEI&1AOAH Safely u
passengers and freight is a great end, worthy
OF the struggle OF the people Of Lhe Mississippi
valley.
Nearly three hundred thousand dollars In
money and WORE has already been subscribed
to the capital stock OF the Company. The Lou
isiana Legislature has passed a oid subscribing
one hundred thousand dollars OF stock to the
Company. An additional sum Of thai amount
viii, without a d0ubt, be subscribed by the
same body. Ihe Company have resolved to
take lands for stock, and this Is the feature to
which they desire 70 call the attention OF own
ers OF real estafe. In the southern States, On
account OF the disoIgaBized condition OF lab8r,
lands are an incumbrance. Vast tracts that
yield no revenue to the proprietOrs, pay exOr-
oitant taxes, and thus cripple their only pro-
duetive resources. This Company propose to
tsks these lands at a fair valu siOn and issue TO
the owners their stock in lieu. II lands shall
enhance in value, so will the st0ck enhances In
value, and thus the land proprietor VIII carry
In his pocket the equivalent OF his lands, 70 bs
converted1 into money or property without de-
lay. The success OF this great enterprise u be-
yond question. The sJOckhoider, In addition
to the benefit Of the enhanced value OF his
and De entitled to dividends in their earnings'
Persons wishing TO exchanges lands for the
stock Of the Company will send to the Agentat
Memphis a description OF them, their produe-
tive qualities. the timber, bottom or upland /;
whether -OVerdOWedo or not, II what
proportion how near TO eo1nIy-toWn, % rail-
road, depot, river, and all facts necessary 70
afford the Company 8 satisfactory idea OF the
land. This may be done by certificates OF re-
Liable, disinterestet persons residing IN the
neighbofhOod. 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 dguI es he viii take. The
company viii nOtSive exOrDttaHt prices. The
titles must De BY
mortgages. deeds Of rust. tax titles or other
wise. Ibis may be shown by official certlr-
Gates OF iuGg es. clerks, sheriff., or the opinions
Of respectable attorneys. This Is believed to
be the best opportunity to dispose OF surplus
lands in the South and West that mas yet been
or can be offered.
Many Of the best and wealth1est citizens OF
the South and West are Warniy embarked in
the enterprise. The General Headquarters OF
the Company are in New orleans but agencies
exist in all the principal cities. The enter
prise has been endorsed by Underwriters,
Chambers OF commerce, Engineers. Mechan-
les, practical navigaBOrs, and al classes Of Prac-
ticaI men.
The foregoing facts are submitted TO tbs pub
Lie IN the con idenrzSief that they VIII be un-
derstoOd and appreciated.