Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-08-25
NAVIGATION.

To- the owners OF Real Estate in Louisiana.
Mississippi, Tennessee, Arkansas, Texas
and Alabama;
TNHE COMPANY KNOWN TO THE PUBLIC
/ as the " Mississippi Valley Navigation
Company Of the South and West Is organ.
lied under a charter from the State Of Lou
isiana. This charter authorizes q capital
stock of five hundred thousand dollars, with
the privilege Of extension to one million.
That the 2Pblic 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 coz
struct or Otherwise to procure and maintain
one or more steam boats or Othe- vessels, to
run on and navigate the Mississippi river, or
its tributaries, fsr me purpose Of carrying
freight, Rails and passengers; TO construct
dOcEs Wharves, buildings and such other con-
structions as may be necessary to the build
ing and repairing OF vessels, Gnd 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 tue provision
of this charter to construct q line of Low
PRESSURE steam boats to run between the diff
tributaries. They viii carry less steam,
make better time, land freight and passen-
gers without rounding-to, and, by means of
endless chains and elevators, receive grain N
rectly on board the vessel intended 70 receive
1t, instead OF the present mode of putting it
first on shore, tberebY saving time, labor and
expense, The Boats viii also be divided into
distinct compartments-sO, If they encounter
snags, or any accident should happen to the
hull, the boat viii not be endangered. They
will also have complete apparatus for extin-
gushing fire by steam, and conducting water
over the vessel for domestic use; and will be
adapted for carrying passengers and freight,
and at a cheaper rate than any boats now
navigating the Mississippi river.
Owing 10 the difficulty of obtaining cash
gubscriptions to any enterprise' no matter
how great its merit, the Company have de-
terminated to receive subscriptions in I,andto
the Capital Stock. In doing so, we have at
once a substantial basis; and as IL Is very
reasonably expected that within a short time
lands will considerably appreciate in value,
this plan viii afford us a source of revenue
added to the expected earnings OF the boats,
cannot. in the natural course OF things, tall
to make the stock a profitable investment,
Parties having land which produces them
little or nothing, but on which they are pay
ing taxes, and which cannot be sold at pres
ent, except at a great sacrifice, and perhaps
not at ali, Will, on reflection, see this TO be an
excellent and unusual plan for reaI1zing on
them, as the certificates of stock OF COM
pany can be much more readlIy olsposeo OF
Boo Books Of subscription to the capital stock of
the Company are now epen at the ONCE, 2419
CRrondelet street, New Orleans
Parties at distance, desiring to subscribe
lands, must send to the local agents alb
straet Of title, mortgage eertifcates. evidence
responsible parties respecting the value fthe
land, price, and, In fact, all Information ne
eessaTy 70 give the company a satisfactory
BY order Of the Board Of Directors.
augA CHAs. r BENTON, Secretary.
]. T, SWAYNE, PRESIDENT.
DOCKS for the subscription of stock to the
ID above named Company are now open at
Their Office, No. u Jefferson Street,
Where an persons desirous Of subscribing to
the capital stock, In lands or money, are re-
Quested to call.
A. D. wITHERsPooN, Agent.
Memphis, August 10, lse9. sugl0