Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-04-23
NAVIGATION COMPANY
SOUTH AND WEST.
To the Owners of Real Estate In Ten
nessee, Mississippi. Alabama and Ar
kansas:

THE COMPANY KNOWN TO THE PUB
a lie as the " M ississippi Valley Navigation
Company OF the South and West. /" is Organized
under CHATTER from the State of Louisiana.
mis- charter authorizes capital STOCK OF ive
hunarod thousand dollars, with the privilege
OF extension to one million. That the pubic
may know the exact object of the Company
the third article OF the charter is given entire
as follows:
''The OBJECT OF this Company is to construct
or otherwIsa TO procure and maintain one OF
more steamboats,, or other vessels, 70 run on
and navigate the M ssissippi river, or its trib-
utartes, IOr the purpose OF carrying freight
mails and passen gers to construct cocks
wharvcs, buildings and such other construc.
tions as may ce necessary TO the building and
repairing OF vessels, and generally 10 exercise
such incidental powers and privileges as are
hereby or may bs conferred on them for the
purposes Aforesaid
The Com pany PROPOSE under the proyisionE
or this charter 70 construct line OF steamers
to run bRJwssn the different ports or tns Ms
sIssippi river and It's tributaries. They will be
constructed upon The Iow-p pressure principle:
they Will AIRY less steam they Will make aet.
Ter ume, and De in all respects more SAFE than
any description Of boats ever placed upon eur
waters. Divided into distinct con paTtmenfs
If disaster, whether by fire or snags, shall ham
pen TO one, the boat is not endangered. In
case OF nre, apparatus Tor turning steam upon
IL viii be provided, aud IL is demonstrated that
steam Is the most effective extinguis her of dre.
In case one compartment Is croksR through bV
contact with sn8gs, and Hills with water the
others are not endangered, and the boat can
not sink, as Jumps provided for such an emer-
passengers and freight Is great end worthy
OF the stI uggle 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. The Lou.
tsiana Leg stature has passed bill subscribing
one hundred thousand dollars of stock to the
Company. An additional sum of that amount
Will, Without doubt, be subscribed by the
same body. The Company have resolved 10
take lands for stock, and this is the feature 10
q n uf
ers OF real ezts. o. In the southern States on
account OF the GisoIganized condition Of labor
lands are an 1ncumbrance. Vast tracts that
yield no revenue 10 the proprietOrs, pay exor-
bitant taxes, and thus cripple their only pro-
ductive resources. This Company propose to
take these lands at fair valu 4JiOn and Issue TO
the owners their stock in lieu. II lands shall
enhance in value, so will the stock enhance in
value, and thus the land proprietor viii carry
in his pocket the equivalent OF his lands to be
converted intO money or property without de-
lay. The success Of this great enterprise is be-
yOnd question. The stOckholder, in addition
TO the benefit Of the enhanced value o. ais
lands, viii be part owner OF line of bOafs
and be entitled 10 dividends in their earnings
Persons wishing 10 exchange lends,for the
stock Of the Com pany will SEND TO the Agent al
Mem phis a description CT them, their pTOduc-
tive qualities. the timber, hottoIn or upland
whether oVernoWed or not; II overlooked. what
propOi tiOn how near TO county-toyn to rail-
road, depot, river, and all facts necessary TO
aIford the Company a satisfactory idea OF the
land. This may be done by certificates of re-
liable, disinLerested persons residing in the
neig hooThood- The present actual value OF
- land may BE- proved in the same manner
The party Offering lands must state in his prop
Osiuon tie lowest ngu eE he viii take. The
Company Will notg give sxorbitast prices. The
titles must be uDeAcumbered by Judgments
mort cages deeds or trust. tax titles. or other.
wise his may be shown by official certid-
Gates OF JUG ges. clerks sherlfts or the opinions
of respectable attorneys. This is helieved 10
be the best opportunity to dispose of surplus
lands IN the south ana West that has yei been
or eau be offered,
Many Of tae cest and wealthiest citizens of
the South and West are warmly embarked in
the enterprise. The General Headquarters of
the Company are In New orleans bat agencies
exist in all the principal cities. The enter
prise has been endorsed by UnderwriJers
Chambers OF Commerce, Engineers Meohan-
les practical navgaUors, and all GLASSES OF prac.
tlc8l men.
The foregoing facts are submitted to the pub
lie in the con fidsnt belief that they viii De un-
derstoOd and appreciated.