The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-06-30

- Nepspcpor 10 be published Dolly and Weekly
in New York and WeshinelOn Guy.

u NeaCspopor 10 be published Daily and Weekly
in Nsw York and Wsshingion Guy
Such has been the progress Of sectional feeling
that mutual exchange of opinion between The
North and the South has become indispensable to
quiet the public mind and restore mutual confidence
and good WILL
With this view, il is proposed to publish IN New
York and Washington City, daily and weekly
Newspaper, in which the ablest writers OF both
sections may present the facts and arguments upon
which they rely, in support Of the interests and
institutions Of each, under the hope that such a
candor, and with an earnest desire To subdus Sec
Gona prejudice, will obtain extensive circulation,
and exert beneficial influence.
Part Of the plan is to invite, by an offer Of pre-
miums, prize essays on the subjects Of British
Abolition, British Commerce, British Finance
British Banking, and British Diplomacy, and also
on the American Tariff, American Commerce,
American Banks, American Currency, and Afr
can Slavery. These questions, it 10 hoped will
put in requsition the ablest pens Of the whole
country, and give to 'sTHE MEDIUM" an interes,
and character which will secure for it support
| commensurate with the expenditure necessarily
incurred.
Az the machinery of commerce and Of credit ia
now organized, our Banks and our Currency are
the weaker parts Of the British system, and the
ruinous effects of the expansions and contractiona
Of the British Currency, caused by overtrading and
speculations Of the British people and British
Bankers. necessarily produce ruinous expansions
| and contractions of our Currency, which enable
British nanciers. by the use OF their credit, with
out an advance Of capital, to levy upon us enorm-
Gus sums in the shape Of profits on exchange, in
teres tand commissions, inaicting at the same time
severe losses by greatly depreciating the value Of
our labor and property.
"THE MEDIUM" will advocate modification Of
the laws regulating mail contracts with Railroad
Companies, SO as to authorize contracts for the
! perpetual use Of Railroads upon the payment Of
| an amount of five per cent. coupon bonds, charge
able on the revenues Of the Department, upor
which the interest, at six per cent, would bt
| equal to the quarterly payments made under ex
listing laws. II will further advocate genera
system of free banking, under State laws, on de-
posts Of bonds of the federal or State govern
ment, and, under proper guarantees and restric
tons, on deposits Of Railroad securities because
such system would make the large sums in
vested in Railroads available as capital, and give
cheap, abundant and staple currency, and ena
BILE the farmer and thQplanter to obtain remu
nsratng prices at home, instead ofbeing compelled
as they now are, to send the products of theil
labor to the British market, to he sold there by
British agents at British prices and becaus.
such modification of the laws regulating mai
contracts, and such system of currency aidee
by such modification of the tariff will proven
| fraud in the customs, and encourage our own In
dustry, would consolidate the interests Of thu
whole country, and abate sectional prejudice BY
obliteratng the lines that had heretofore created it
"THE MEDIUM" will not be party paper, but re
publican and Independent, treating men, measures
and parties with a searching scutiny, guarding
with jealous vigilance the interest Of the people
| Of the United States against the dangerous infu
ence of British Financiers and British Diplomacy
TERMS.
IT,. ,,r;,. 20 nTIIE MEDITTN,, xy;u ha.-
| Two Cents per copy for the Daily, and Two Dol
| lars per annum for the Weekly, with reasonable
deduction to the Trade, to Clubs, and to Agents
March 8.