Clipped From The Times-Picayune

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 - in be to reiresn-ments at & Lou-' MISSISSIPPI;...
in be to reiresn-ments at & Lou-' MISSISSIPPI; .VALLEY -. 1 - ' NAVIGATION COMPANY .: ' i ' V - -Of the : ' SOUrH AND WEST. ; ' " No. H Carondelet street. New Orleans, La. Capital Stock $l.e0,000-Sharea $109 Each. TO THE OWNERS OF REAL ESTATE IN LOUISIANA, MISSISSIPPI. TENNESSEE, ARKANSAS. TEXAS and ALABAMA: The Company known to the public as the "MISSISSIPPI VALLEY NAVIGATION COMPANY OP 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 privilege of extension to One Million. That tho. public may know the exact object of this company, the third article of the charter is given entire, as follows: " The object of this company is to construct, or otherwise pi-ocore and maintaiu one or uiorts, steamboats or other veseeU, to run on ami navigate the MisaiKfcippi River, or its tributaries, for tho purpose of carrying freight, mails aud pas-, sengers; to construct docks, wharves, builaiug and touch other constructions as may bonecesiiary to the building and repairing ol vessels, and generally to exercise such incidental powers and pnvuecre as are hereby or may be conferred on them for the purposes aforesaid." The company propone, under the provisions of this charter, to construct a line of stnamers to run between the different ports on the Mississippi River and its tributaries. They will be constructed on the low pressure principle; they will carry lees steam ; they will make better time, and be, in all respects, tnore safe than any description of boats ever placed upon our watrs. Divided into distinct compartments, if disaster, whether by fire or snags, shall happen to one, the boat is not endangered. In case of fire, appai-atus for turning eteam upon it will he provided, and it is dem, onstrated that steam Is the most effectual extinguisher of fire. In case one compartment is broken through by contact with snags, and fills with water, the others are not endangered, and the boat cannot sink, as pumps, provided for such an emergency, 'will be in instant . operation. Safety to passengers and freight is a great end, wortny of the notice of tho people of the 'Mississippi Valley. Over three hundred thousand dollars have already been subscribed to the capital stock of the company, and the first boat which is building in Louisville, Ky., will be ready in about four months. On nine feet of water she will carry 2700 tons of freight, and will land freight and passengers without rounding to, thus saving time and preventing accidents. Carrying so large a freight, a great number of passengers, making quick time, economy ot fuel aud labor, with entire safety, cannot fail -to make the profits to the stockholders very large. The company have resolved toltake lands for stock, and this Is the feature to which they de sire to call the attention of owners of real estate. In the Southern States, on account of the disorgan ized condition of labor, lands are an incumbrance. Vast tracts that yield no revenue to the proprie tors, pay exorbitant taxes, and thus cripple their only productive resources. This company proposes to take these lands, at a fair valuation, and Issue to the local owners their stock in lieu. If lauds shall enhance in value, so wll the stock enhance in value, and thus the land proprietor will carry in his pocket the equivalent ot his lands, to bo converted into money or property without delay. The success of this' great enterprise is beyond question. The stockholder, in addition to the benefit of the enhanced value of his lands, will be part owner of a line of boats, and entitled to dividends in their earnings. Persons wishing to exchange lands for the stock of the company will send to the agent at New Orleans a description of them; their productive qualities; (the timber; bottom or upland; whether overflowed or not; if overflowed, what proportion; how near to county town, to railroad depot, river, and all the facts necessary to afford the company - a satisfactory idea of the land. This may be done by certificates of reliable, disinterested 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 proposition the lowest figures he will take The company will not give exhorbitant prices. The titles must be unencumbered by judgments, mort gages, deeds ot trust, tax uuea, or otherwise; This may be shown by official certificates of Judges clerks, sheriffs, or the opinions of respectable attorneys. This is believed to be the best opportunity to dispose of surplus lands In the South and West that has yet been or can be offered. Many of the wealthy citizens of the South and West are warmly embarkad in the enterprise. The general headquarters of the company are in New Orleans, but agencies exist in all the principal cities. The enterprise has been indorsed by underwriters, chain be rs of commeroe, engineers, mechanics, practical navigators and all classes of practical men. . . The foregoing facts are submitted to fte public in the confident belief that they will be understood and appreciated. - . Communications may be addressed to either of the following named agents of the company, and will receive prompt attention: B. BLOOMFIELD, General Agent New Orleans. SPECIAL AGENTS. W. J. CAHOONE, New Orleans. J. C. HESS, Philadelphia, Pa. LOCAL AGENTS. CHAS. R. BENTON, New Orleans. WM. SPEARS, Vicksburg, Miss. JOHN MILLS, Summit, Miss. CoL MCFARLAND, Canton, Miss. J. B. TOWN SEND, Grenada, Miss. J. W. WILKINSON, Mississippi. S. B. REARDON, Little Rock, Ark. HIRAM VINTON, Cincinnati, Ohio. THEO. DIGBY, Chicago, 111. F. Y. ROCKETT, Melnphis, Tenn. JOHN COBB, Madison, Ind. MARTIN & TOWNSEND, St. Louis, Mo. DON ALpNZO CHILDS, New York. Books for Subscription to the Capital Stock of the Company are now open at the office. No. 24 14 CARONDELET STREET. - The public are invited to call and examine the Charter and objects Of the Company, and Subscribe to the Stock. Office hours from 9 A. M. to 3 P. M. By order of the Board of Directors: . D. DeHAVEN, President. CHAS. S. STEWART, Assistant Secretair. mya 2dp7t ' ' be ' so-called of in be to of iniquity the of the articles generally and

Clipped from
  1. The Times-Picayune,
  2. 13 May 1869, Thu,
  3. Page 4

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  • Clipped by skrboyd – 25 Jun 2013

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