Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-04-08
SOUTH AND IVES t.
To the owners of Real Estate fn Ten
nessee. Mississippi, Alabama and Ar
L


THE COMPANY KNOWN TO THE PUB
4 lie as the :" Mississippi Valley Navigation
company OF the south ana West" Is organized
under charter from the State OF louisiana.
This charter authorizes capital stock of hve
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 OF the charter is given entire,
follows
or otherwise to procure and maintain one or
more steamboats,, or other vessels, 10 run on
and navigate The NJ ssissippi river, or its trlb-
utaries, Tor the purpose of carrying freight
mails and passengers TO construct cocks
wharves, buildings and such other cOnstruc-
tions as may be necessary to the building and
repairing of vessels, and generally 10 exercise
such incidental powers and privileges Ms are
hereby or may be conferred on them for the
purposes Aforesaid -
The Com pany propose, under the provisions
of this charter TO construct a limo OF steamers
TO run between the diderent ports on the ID is
siSstpp1 river ana It's tributaries. 1hey Will be
constructed upon the low pressure principle; /;
they will carry less steam they will make pet
ter time, and be in all respS Us more ate than
any description Of boats ever placed upon cur
waters. Divided into distinct CON partmen Is,
If disaster, whether by fire or snags, shall hap
pen TO one, the boat is not endangered. In
case OF FIRE, apparatus for turning steam upon
IL will be provided, and il is demonstrated mat
steam is the most effective extinguisher of fire,
In case one compartment is uroken through by
contact with snags, and fills with water, the
eJners are not endangered. and the boat can
not sink as pumps, provided for 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 and WORK has alre3dy been subscribed
to the capital stock OF the Company. The Lou
isiana Leg slaJure has passed a bill subscribing
one hundred Thousand dollars OF stock to the
Company. An additional sum of that amount
Will, without a doubt, be subscribed by the
same body, The Company have resolved to
take lands for stock, and Lnis is the feature to
which they desire TO call the attention of own
ers of real estate. In the southern states, on
account Of the disoTganized condition of labor,
lands are an -tncumbrance. Vast tracts that
yield no revenue to the proprietors, pay eXOr-
b1tant taxes, and thus cripple their only pro-
ductive resources. This Company propose to
take these lands at fair valu RLion 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
10 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 Denedt Of the enhanced value OF his
lanos, Will be part owner OF a line Of boats,
and be entitled to dividends in their earnings.
Persons wishing 10 exchange lands for the
stock OF the Company will send to the Agent at
Mem phiS a description Of Them, their pTOduc-
tive qualities. the timber, bottom or upland !;
whether overhowed or not; If over flowed, what
-prSpo. .t1On how near to cOunty-tOWD, to rail-
road, depot, river, and all facts necessary 10
afford the Company satisfactory idea Of the
land. This may be done by certificates of re-
Liable, dtstnterested persons residing in the
neighborhood, The present actual value of
the land may be proved in the same manner
The party onering lands must state in his prop
osition tae lowest ngu, es he viii take The
Company will not give eXOrbitaEt prices. The
titles must be untncumbered by judgments,
mortgages. deeds OF IIust, tax titles, or other
wise This may be shown by official tertlfi-
Gates OF tuC ges clerks, sherIfs, or tbs opinions
OF respectable attorneys, This is believed to
be the best opportunity to dispose of surplus
lends in the South and West that has yet been
or can be offered.
Many Of the pest and weaithiest citizens OF
the enterprise. The General Headquarters of
the Company are ia New Orleans, but agencies
exist in all the principal cities. The enter
prise has been endorsed by Underwriters,
Chambers OF Commerce, Engineers. Mechan-
les, practical navigaJOIs, and all classes of prae
tical men.
The foregoing facts are submitted to the pub.
lie IN the confident belief that they will be un-
deIstoOd and appreciated.