Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-07-07
THE MISSISSIPPI VALLEY
Navigation Company
Oh THE
S SOUTH AND WEST.
To THE OWNERS OF REAL Estate ~
TENNESSEE, MISSISSIPPI, ALA
BAMA AND ARKANSAS:

THE COMPANY KNOWN To THE PUBLIC
i as the Mississippi Valley Navigation
Company of the South and West" IS Organ-
lied under a charter from the state OF Lou
fSiana. This charter authorizes a capital
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 % the charter
is given entire as follows:
THE object of this Company is to con-
Struct or otherwise TO procure anu maintain
one or more steamboats, or other vessels, TO
run on and navigate the Mississippi river, OF
its tributaries, for the purpose Of carrying
freight, mails and passengers; to construed
docks whaFyes, buildings and such other con-
struetions as may be necessary 20 the build
ing and repairing Of vessels. and generally to
exercise such incidental pozers ana priyi-
hen for the purposes aforesaid. -H
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 low-pressure
principle; they Will carry less steam they
will make better time, and Re in all respects
more safe than any description Of boats ever
placed upon our waters. DIVIDED INTO dis
tinct compartments If disaster, whether BY
IRE or snags, shall happen TO Ones the boat IS
not endangered. In case Of nre, apparatus
for turning steam upon It VIII be provided,
effective eXtinguisher Of ire In case OnS%
compartment Is broken through by contact
with Snags, and hls with water, the others
are not endangered, and the boat cannot sink,
as pumps, provided for such an emergency,
viii be in instant operation. SAFETY To pas
sengers and freight - q great md worthy OF
the struggle Of people Of the MISSISSIPPI
EearlT three hundred thousand dollars Ia
money and work has already been subscribed
to the capital stock Of the Company. Ihe
Louisiana legislature has passed q Dill sub
stock to the Company. An additional sum OF
that amount will. without a DOUBT De SUD
scribed by the same body. me Compa
have resolved to take lands for stock, and
this is the feature to which they desire 70 cali
the attention of owners OF rear estate: IN the
Southern States, on account Of the disOrgan-
ICED condition Of labor. lands are an inCum-
rance Vast tracts that yleld no revenue
the prOprietOrS, pay eXofDitant taxes anu
thus cripple their only productive resources.
Thfs Company propose TO tai these lands at
a fair valuation and issue 70 the owners tnelf
stock in lieu. Iflands shall ennaneel IN y9ine,
50 viii the stock enhance IN value, ana mus
the land proprietor czTTy IN MS poeksi tEs
equiValent OF his lands, TO be converted INTO
money or properly Mr lahes ~ Sel bSTond o5eS-
tion., The stakeholder IN addiiion 70 the
benefit of the enhanced Valne OF MS Janus,
viii be part owner OF e line OF boats and Dc
entitled to dividends in their earnings.
Persons wishing TO exchange lands t0rbee
stock of the Company VIII seha 10 me Agsns
ductive qualities, the timber, bottom or up
land; whether overlooked or not; II over
flowed, what pFoportioni how near 70
eounfy-town, to railroad, depot, river; and
all facts necessary 10 a1oru the company a
Sefisfactory idea of the land. This may be
ULC ~ ~ -
persons residing in the neighbOrhOod. The
present actual value of the land may be
proved in the same manner. The party
.0dering lands mast state in his prop
ositiOn the lowest figures ne VIII Taks,
The COTn4Any wilfnOt give exorbitant prices.
The titles must be uneneambered BY Judg-
mortgages, deeds OF trust, tax titles, or
otherwise. This may be shown BY omctal
Certificates OF Judges, clerks, sheriffs, or the
opinions of respectable attorneys. This IS be-
ljeved to be the best opportunity 70 dispose OF
surplus lands in the south ana west 'Heh@S
yet been or can be offered
Many OF the best and wealthlest citizens Of
the South and West are warmly emoafkeO IN
tile enterprise. The General Headquarters OF
The Company are in New orleans, but agen-
eies exist in all the prtncipaI cttles. Ine en-
fernrisa mas been endorsed by Underwriters,
MANNER of Commerce, Engineers, Mechan-
fes- praefical navigatoTs, and all classes of
me foreqoing facts are submitted to the
pshIic IN the eonhdent belief that they vii
beqnderstood and appreciated.
=. Y. Rocket,
mvI5 Agent at Memphis.