Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-28
NAVIGATION.
-
THE MISSISSIPPI VALLEY
Navigation Company
OF THE
s SOUTH AND WEST.
s SOUTH AND YVES
TO THE OWNERS OF REAL ESTATE N
TENNESSEE, MISSISSIPPI, ALA
RAMA AID Arkansas.

TO THE OWNERS OF REAL ESTATE IN
TENNESSEE, MISSISSIPPI, ALA
BAMA AND ARKANSAS:
THE COMPANY KNOWN TO THE PUBLIC
i as the 9" Mississippi Valley Navigation
Company of the South and West" Is organ
lied under a charter nom the State OF Lou
isiana. This charter authorizes q capital
stock Of five hundre thousand dollars with
the privilege Of extension 10 one million.
That the public may know the exact object Of
the Company, the third article OF the chartea
Is given entire as follows:
THE object of this Company j. to con-
struct or otherwise 10 procure and maintain
one or more steamboats, or other vessels, to
run on and navigate the Mississippi river, or
Its tributaries, for the purpose OF carrying
freight, mails and passengers; to construct
docks wharves, buildings and such other con-
ing and repairing of vessels, and generally to
exercise such incidental powers and privt-
leges as are hereby or may be conferred on
them for the purposes aforesaid
The Company propose, under the provisions
of this charter to construct a line OF steam
ers 10 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 he = gall respects
more safe than any deScriptioq9of boats ever
placed upon our waters. Divided Into dis
tinct ompartments, II disaster, whether by
fire or snags, shall happen to one. the boat IS
not endangered. In case OF IRE, apparatus
for turning steam upon IL 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 cannots 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. The
Louisiana Legislature has passed a bill sub
scribing one hundred thousand dollars OF
stock to the Company. An additional sum OF
that amount viii, without q doubt, be sub
scribed by the same body. The Company
have resolved 10 take lands for stock, and
his Is the feature TO which they desire TO call
the attention OF owners of real estate. In the
Southern States, on account of the dtsOrgan-
lied condition of labor. lands are an tncum-
brance. Vast tracts that yield no revenue 10
the proprietors, pay eXorbitant taxes, and
thus cripple their only productive resources.
This Company propose 70 take these lands at
q fair valuation and issue TO the owners their
stock In lieu. Iflands shall enhance in value,
so viii the stock enhance in value, and thus
the land proprietor carry in his pocket the
equivalent OF his lands, TO be converted into
money or property without delay. The sue
cess Of this great enterprise is beyond ques-
benefit Of the enhanced value of his lands,
will be part owner OF a line OF boats, and be
entitled to dividends in their earnings.
Persons wishing to exchange lands for the
stock of the Company viii send to the Agent
at Memphis a description of them, their pro-
ductive qualities, the timber, bottom or up
@AH -
flowed, what proportioni how near TO
eounty-tOwn,t to railroad, depot, river; and
all facts necessary to AFFORD the Company n
satisfactory idea of the land. This may be
done by certificates of reliable, disinterested
persons residing in the neighborhood. 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 figures he VIII take.
The Company win not give exorbitant prices.
The titles must be unencumbered by judy
ments, mortgages, deeds of trust, tax titles, or
otherwise. This may be how by official
certificates of judges, clerks, sherifs, or the
opinions of respectable attorneys. This Is be-
Heved to be the best opportunity 10 dispose of
surplus lands in the South and West tina has
yet been or can be offered.
Many of the best and wealthiest citizens of
the South and West are warmly embarked In
the enterprise. The General Headquarters OF
the Company are in New Orleans, but agen-
cies exist in all the principal cities. The en-
has been endorsed by Underwriters,
Chambers of Commerce, Engineers, Meehan-
les, practical navigators, and all classes of
practical men.
The foregoing facts are submitted to the
public in the confident belief that they will
be understood and appreciated
+. Y. Rocket,
myB Agent at Memphis.
I