Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-07-22

RAMA AND ARKASBAS:
TNHE COMPANY KNOWN To THE PUBLIC
i as the " Mississippi valley Navigation
Company OF the south and West. l. organ
lied undo a charter from the state of Lou
isiana. This charter authorizes a capital
stock of five 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 as follows:
1.-THE object Of this Company is 10 con-
stTuct or otherwise 20 procure and maintain
one or more steamboats, or other vessels, 10
run on and navigate the Mississippi river, or
Is tributaries, for the purpose OF carrying
tEeighI, IH6IS Gal FG-Se1Eer5- 70 construct
docks Yharyes, BUILDINGS and sdcn otner Coo
strtictions rs may be necessary 20 the build
ing and repairing OF vessels, and generally to
exercise sHch incidental Owe and priv
ieges as are hereby o. mag be e9nterreh on
them for the purposes aforesaid.
The Company propose, under the provisions
Of this charter 10 construct a line OF steam
ers 10 run between the different ports on the
Mississippi river and is tributaries. They
will be constructed upon 49,
principle; they Will carry less steam; they
VIII make better time. and be In all respects
more safe than am description OF boats ever
tfuet compartments n disaster, whether BIZ
ore or sE0igs, shall happen to one.the boats
pol endangered. In case OF nre, apparatus
ior turning steam upon IL viii be provided,
nd II Is demonstrated that steam Is the most
effective e~Stinguisher OF fire. In case one
compartment IS broken through by contact
with snags, and ILLS with water, the others
are not endangered, and the boat cannot sink,
as pumps, provided for such an emergency,
VIII be IN instant operation. Safety TO pas
sengerS and freight is a great end. worthy Of
tne 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
serlbing one hundred thousand dollars OF
stock to the Company. An additional sum OF
that amount viii, Without a doubt, be sub
scribed by the same body. The Company
have resolved TO take lands for stock, and
this Is the feature to which they desire to call
me attention OF owners Of real estate. In the
southern States. on account Of the disOrgan-
lied condition OF labOr. lands are an fncum
rance. Vast tracts hat yield no rev en ue
the prOprietOrs, pay eXOrbttant taxes. am
Illus cripple their only prodqetiye
a 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 IL beyond Ques-
ton. The stakeholder, in addition to the
benefit of the enhanced value OF his lands.
win be part owner Of a line of boats, and be
to dividends IN their earnings.
Persons wishing TO exchange lands for the
stock of the Company will send TO the Agent
at Memphis a description of them, their pro-
qualities, the timber, bottom or up /
whether overlooked or not; IL over
what proporttoni how near 10
cOunIA-lOMn, 10 EAIlrOad, depot, river. and I
all facts necessary to afford The Companxa
satisfactory idea Of the land. This may be
done by certificates of reliable, disfnterested !
persons residing In the nelghbOrhood. The |
actual value Of the land may be
proved in the same ANN The party
offering lands must state in his prop /
lsitiOn the lowest figures he viii take. 4
h Company will not give exOrbitant prices.
The titles must be unencumbered by judg-
nents, mortgages, deeds Of trust, tax titles, o.
This may be shown by Official Z
certificates Of judges, clerks, sherifs, or the
opinions Of respectable attorneys. This is be-
ieyed to be the best opportunity to dispose OF i
lands in the South and West that has
been or can be offered.
Many OF the best and wealthiest citizens OF
he South and West are warmly embarked in
ne enterprise. The General Headquarters OF
he Company are in New Orleans, but apen-i
lies exist in all the principal cities. The en-
erprise has been endorsed by Underwriters
hambers of Commerce, Engineers, Mechan-
es, practical ~nayigatOrs, and all classes Of
men.
The foregoing facts are submitted 10 the
'uolicfn the confident belief that they vii 4
,e understood and appreciated.
+. Y. Rocket.
my ~ Agent at Memphis :