Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-03-18
nessee, Mississippi. Alabama and Ar
kansas

kAnsas:
THE COMPANY KNOWN TO THE PUB
i lie as the 4" Mississippi Valley Navigation
of the South and West" Is organized
a charter from the State of louisiana.
This charter authorizes a capital stock Of i've
hundred thousand dollars, with the privilege
of extension to one million. That the pubic
may know the exact object OF the Company,
the third article or the charter is given entire,
as follows
aThe object of this Company is to construct
or otherwise to procure and maintain one or
more steamboats,, or other vessels, 70 run on
and navigate the Mississippi river, or It's trib-
utartes, Tor the purpose Of carrying freight,
mails and passengers to construct oOckS,
buildings and such other construc-
tons as may be necessary TO the buudlng and
repairing OF vessels, and generally 10 exercise
such incidental powers and privileges as are
hereby or may be conferred on them for the
The Company propose, under the provisions
of this charter TO construct a line OF steamers
to run between the different ports on the MS
slssippt river and It's tributaries. They will be
constructed upon the lOw-pressure principle;
they Will carry less steam they Will make Bet
ter time, and be in all respects more safe than
any description of boats ever placed aeon eur
waters. Divided into distinct compartments,
if disaster, whether by IRE or snags, shall hap
pen TO one, the boat is not endangered. In
case of fire, apparatus Tor turning steam upon
1t will be provided, and il is demonstrated mat
steam is the most eff GIVE extinguisher of fire.
In case one compartment Is UrOken through by
contact with Snags, and ILLS with water, the
others are not endangered, and the boat can
not sink as pumps, provided Tor such an emer-
gency, will b IN instant operation. Safety to
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 ana WORK mas already been subscribed
to the capital stock OF the Company. Toe Lou
isiana Leg stature has passed d DiI, subscribing
Company. An additional sum of that amount
Will, without a doubt, be subscribed by TIE
same body. The Ompsny have resolved to
take lands for stock, and This Is the feature TO
which they desire 10 call the attention or own
ers of real esta e. In the Southern states, On
account OF the d1soI gained coz diJlOu of labor,
lands ara an incUmbrance. Vast tracts Uhat
yield no revenue to tie prOprietOrs, pay exor-
bItant taxes, and thus cripple their only pro-
ductive resources. This Company propose to
take tbeSs lands at a fair Valu 4Lon and issue 10
the owners their stOsk in lieu. II lands shall
enhance in value, so viii the stock enhance in
value, and thus the Land proprietor will carry
in his pocket the equivalent OF his lands, to be
cUnVeIt ted luto money or property without de-
lay. Tn success OF this great enterprise Is be-
yOnd question. The stOckhOlceF, in addition
TO the beneht of the enhanced ya.ue OF his
landS, viii be part owner OF a line Of boats,
and be entitled TO dividends in their earnings.
Persons wishing 10 exchange LANDS tor the
stock Of the Company W1l senu to the AgentaL
Memphis a description OF them, their prodUc-
tive qualities. the timber, bottom or upland ;
whether overfiowed or not il CveIdOWe1, whaG
proportion (; now near 10 cOunLy-toWu, u rGiI-
road, depot, river, and all facts necessary 10
a4lGN Tie GOL4P1nJ a sdhAoAACbudJ AuCd VI Lie
land. This may be lone by certificates OF re-
liable, dlsinterested persons residing in the
ne.ghborhOod. The present actual value of
the land may be proved in the same maurer.
The party Offering lands must state in his prop
OsitiOn Ule lowest ngufes he viii take The
Company VIII not give eXorbitaEt prices. The
titles must be mbered by Judgments,
mortgages. deeds OF uust. tax titles, or other
wise. Ahts may be shown by official CertLG-
Gates o. JUDGES. clerks. sherlfs, or The opinions
of RESP ecGab.e attorneys. This Is believed 10
be the best opportunity to dispose Of surplus
lands in the South and West thzJ has yeL been
or eau be offered.
Many of the best and wealthiest citizens OF
the South and West are warmly embarked in
the enter prise. The General Headquarters of
the Company are in New orleans, bat sgenciss
exist in all the principal cities. The enter
prise has been endorsed by Underwriters
Chambers of commerce, Engineers. Mechan-
les, practical -navlgaJOrs, and all classes of prac-
teal men.
The foregoing facts ara submitted to the pub
in the COZ ddent belief that they Will be TN
derstood and appreciated.