Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-11

AsSsoeS AkshAsbABRAs AA&Dszaa anu ar
kansas;
THE COMPANY KNOWN TO THE PUB
4 lie As the " Mississippi Valley Navigation
Company Of the South and West, - is organized
under a chaIter 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 public
may know the exact object Of the Com pany,
the Ihird article OF tho charter is given entire,
'The object Of this Company is to construct
or oJherw Sc to procure and maintain one or
more STEAMBOATS,, or other vessels. ts run on
and navigate the Mississippi river or Its trib-
utaries, Ior the purpose Of carrying freight,
mails and passengers; to construct uOeks
Wharyes, buildings and such other cOnstrGe-
tiOns as may be necessary to the building and
repairing Of vessels, and generally 70 exercise
such incidental towers and privileges as are
hereby or may bs conferred on them for the
purposes afOrUsalI
The Company propose, under The provisions
or this charter 70 construct line OF steamers
10 run between the different ports on the Mis-
slssippi river and its tributaries. They will be
constructed upon the low pressure principle !;
they VIII cary less steam they viii make bet
ter time, ana De in all respects more safe than
any description CT boats efer placed upon 3ur
waters Divided into distinct CON parJuce en Is
II disaster, whether by fire or snagS snail hap
pen to one, the boat Is not endangered. In
case OF hre, apparatus Tor turning steam upon
H will be provided, and IL Is demonstrated Lhat
sJeam is the most eff ctive extinzuisher of fire
In case one compartment Is rroken through by
contact with snags, and nlls with water, the
others are not endangered, and the boat can
not sink, as pumps, provided for such an emer-
gency, Will be in instant operation. Safety to
passengers and freight Is a great end, worthy
Of the Sta uggle Of the people Of the Mississippi
Valley.
Nearly three hundred Thousand dollars In
mOney-and work has 2lready been subscribed
to the capital stock OF the Company. The Lou
lstana Leg stature has passed bill subscribing
one hundred thousand dollars OF stock to the
Company. An additional sum Of thai amount
W1lir without doubt, be subscribed by the
same body. The Company have resolved 10
take LANDS for stock, ana this is the feature to
which they desire to cali the attention of own
ers Of real estaie e. In the Southern States, on
account of the diSorganized condition of labor,
lands ara an incumbrance. Vast tracts that
yield no revenue TO the proprietors, pay exor-
ducEve resources. TA4s Company propose to
take these lands at fair valu lLion and issue TO
the owners Elieir stock in lieu. II lands shall
enhance IA value, 80 viii the stock enhance In
value and thus the land pIoprfetor will carry
in his pocket the equivalent Of his lands, 20 be
converted 1oGO money or property without de-
lay. The success of this great enterprise Is be-
yOEd question. The stOckholder, In addition
to the benefit of the enhanced value OF his
lands, Will De part owner cf q line OF boats
and be entitled to dividends in thsir earnings
Persons wishing to exchange lands for the
stock Of the Company viii send to the Agentat
Mem PhlS descTpt1 OF Them, their prOduc-
tive qualities. the timber, bottom or upland
whether overlooked or not; II oven lowed what
propo. ton bow near 70 couaty-tOwD, to rail-
afford the Company z satisfactory idea of the |
land This laey be done by certificates OF re-
Liable, dlsintsrested persons residing in the |
The present actual value Of |
the land be proved In the same manner |
The party Oner1Eg lands must state in his prOp.
osition the lowest ngu es he viii take The /
Company will lot give exorbitaEt prices. The I
titles must be numbered by Judgments |
mortgages deeds or must. tax tides. gr other /
wise. hts Iaay be sE0w1 by official certifi- |
Gates or tuGges. clerks, sherffs, or the opinions
OF TeSpGctabte attorneys, This IS believed 20 /
be the best opportunity % diEpose OF surplus |
lands in the South and West that has yet been 4
Or be offered.
Many Of the best and wealthiest citizens of |
me south and West are warmly embarked in 4
5he enterprise, The General Headquarters OF I
lhe Company are IL New orleans, but agencies |
exist IN al the principal elties The enter /
prise has been endorsed by Underwriters
OF Commerce, Engineers, Mechan- /
cs, practical navgaIors, and all classes OF prac-
-cal men.
The foregoing facts are submitted to the pub |
ic in the cor 6dent belief that they will be un-
ierstood and appreciated