The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-06-08

A Newspaper 20 be published Daily and We.kb,
ia Nep York and tVashiuutt,a On,

Newspaper 10 be published Daily and Wsskl,,
IN Neao York and Washington Ciy
ouch has teen the progress OF sectional feeling,
mat mutual exchange of opinion between the
North and the South has become Indispensable to
and good will
Yum this view, it is proposed to publish in New
iofk ana Washington City, a daily and weekly
\ ewspaper, IN which the aolest writers Of both
sections may present the facts aud arguments npon
winch they rely, IN support of the interests and
institutions or each, under the hope that such
paper, conducted with fairness, moderation. and
eanuor' and with an earnest desire to subdue sec
uona prejudice, will obtain extensive Circulation
ana exert beneficial influence
! art oil the plan is TO invite, by an offer OF pre-
NUNS nn' prize essays on the subjects of British
Abolition, British Commerce British E,nan
British Banking, aud British Diplomacy. and nIso
- the American Tariff, American Commerce
American bahhs, American Currency and Arr
can Slavery These questions. il Is bonsd VII
put IN requisillon the ablest pens of the wboJe
country, ana give 10 The MEDIUM" an interest
and character which will secure for il a snnnor,
commensurate with the expenditure necesaariIy
incurred
AS the machinery of commerce and of credit 10
now organized, our Banks and our Currency are
the weaker parts OF the British system, and the
rulnous effects of the expansions and contractons
of the British Currency, caused by overriding and
specuIations of the British people and British
Bankers, necessarily produce ruinous expansions
and conracuons of our Currency, which enable
British fnanciers. by the 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 inlcting at the same time
severe losses by greatly deprecating the value of
our labor and property.
" The MEDIUM will advocate a modification of
the laws regulating mail contracts with Railroad
Companies, 80 as to authorize contracts for the
4 ft,n1 Dali. l. II
| an amount OF live per cent. coupon bonds, charge
able on the revenues Of the Department, upon
which the interest, at six per cent, would be
equal to the quarterly payments made under ex-
listing laws. 1t will further advocate a general
system of ree 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 a system would make the large sums in
vested IN Railroads available capital, and give
| a cheap, abundant and staple currency, and ena-
BILE the farmer and the planter to obtain remu-
nerating prcesa home, instead being compelled,
as they now are, to send the products of their
labor to the British market, to he sold there by
British agents at British prices and because
such a modification of the laws regulating mail
contracts, and such system of currency aided
by such modification of the tariff as will prevent
fraud IN the customs, and encourage our own in
dustry, would consolidate the interests Of the
! whole country, and abate sectional prejudice by
obterating the lines that had here tofore created it,
THE MEDIUM" will not be party paper, but re-
publican and independent, treating men, meaAdres
and parties with searching scutiny, guarding
with jealous vigilance the interest Of the people
of the United States against the dangerous inAu-
ence of British Financiers and British Diplomacy.
TERMS.
The price of "THE MEDIUM" will be-
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.