Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-03
THg MISSISSIPPI VALLEY
NAVIGATION COMPANY
Or THE
8 OUTH AND WEST.
THg MISSISSIPPI VALLEY
SOUTH AND WEST.
To the Owners Of Real Estate I'm Ten
nessee, Mississippi, Alabama and Ar
kansas:

1 KANSAS
| THE COMPANY KNOWN TO THE PUB-
| 4 lie as the' Mississippi Valley Navigation
| Company of the South and West" is organized
under a charter from the State of Louisiana.
| This charter authorizes a capital STOCK of five
| hundred thousand dollars, with the privilege
| OF extension TO one million. That the puDlie
may know the exact object of the Com gany,
the third article OF the charter is given entire.
/ as follows.
"Fhe object of this Company is to construct
| or otherwlse to procure and maintain one or
| more steamboatH, or other vessels, t9 run en-
| and navigate the Mississippi river, or its trib-
utRries, ior the purpose OF Carrying freight,
/ mails and passengers TO construct cocks
| Wharves, buiIdinss and such other constrnc-
| tions as may be Necessary to the building and
/ repairing OF vessels, and generally 20 exercise
such incidental powers and privileges as are
| hereby or may be conferred on them for the
/ purposes afOresa1I
The Com pany propose, under the provisions
OF this charter 10 construct a line OF steamers
| to run between the different ports ON the Mis-
| sissippi river and its tributaries. They will be
| constructed upon the IOw-pressure principle :;
they will carry less steam they viii make oct
| ter time, and be in all respects more safe than
any description Of boats ever placed upon cur
waters. Divided into distinct compartments,
II disaster, whether by fire or snags, shall hap
pen TO Cne the boat is not endangered. In
case OF IRE, apparatus for turning steam upon
ii will be provided, and it is demonstrated that
steam Is tue most edsetlYe exungulsher of dre.
In case one compartment iE broken through by
contact with snags, and Ills with water, the
others are not endangered, and the boat can
not sink, as Bumps. provided for such an emer-
geney, Will be in instant operation. Safety to
passengers and freight Is great end, worthy
of the stIuggle of the people Of the Mississippi
Valley.
Nearly three hundred thousand dollars in
money ami work has already been subscribed
to the capital stock OF the Company. The Lou
isiana LEpIslaUure has passed = hIIi sf,,scrifng
one hundred thousand dollars of stock to the
Company. An additional sum Of that amount
viii, without doubt, be subscribed by the
same body. The Company have resolved to
take lands for stock, and this is the feature to
Wnlcn tney deslI Q 70 can tne attention OF own
ers of real e5ta:e. In the southern States, on
account Of the dfsOrganized condition of labor
lands are an incumbrance. Vast tracts that
Yield no revenue TO the proprietors, pay exor-
bitant taxes, and thus cripple their only pro-
ducttve resources. This Company propOse to
taks these lands at q fair Valuation and issue to
the owners their stock in lieu. n lands shall
enhance in value, so viii the stock enhance in
value, and thus the land proprietor will carry
in 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 benefit OF the enhanced value OF his
lands, will be part owner OF line of boats
and be entitled to dividends in their earnings
Persons wishing 70 exchange lands for the
sock Of the Company will send TO The Agent az
Memphis DESCRIPTION Of them, their produc-
tive qualities. the timber, bottom or upland
whether OverHOTed or not If oveTioWed, what
propoI tiOn how near to county-tO town, to rail
road, depot, 4-vef, and all facts necessary TO
a&Ae the Company satisfactory idea of the
lano. This may be done by certificates OF re-
liable, di6tnterested 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
ositon the lowest figures he will take. The
Company viii notgve exorbitaHt prices. The
titles must oe unencumbered by judgments,
mortgages. deeds OF trust. tax titles, or other
wise. This may be shown by official certid-
Gates of juGg ges. clerks. sherlfs or the opinions
of respectable attorneys. This is believed to
be the best opportunity to dispose of surplus
lands in the South and West thzL has yet been
or can be offered.
Many of the best and wealthiest citizens Of
the South and West are warmly EN- bark ed in
the enterprise. The General Headquarters of
the Company are In New orleans, but agencies
exist in al the principal cIties The enter
prise has been endorsed by Underwriters,
Chambers OF Commerce, Engineers. Mechan-
les, practical nayigatOrs, and all classes of prac
ttcaI men.
The foregoing facts are submitted TO The pub
lie in the confident belief that they VIII De IN
derstood and appreciated.