The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-04-13

A Newspaper IN be psl6iished Daily and We,k,y
IN NeW York and Warrington Cav.
ouch has been the progress Of sectional feeling.
.nat mutual exchange Of opinion between the
Nor'h and the South has become indispensable to
quiet the public mind and restore mutual confidence
and good will
:, WIN thls view, 1t is proposed to publish in New
iorh ana Washington City, a daily aud weekly
newspaper, In which the abest writer's OF both
sections may present the facts and arguments upon
winch they rely, IN support of the interests and
institutions OF each, under the hone that such a
paper, conducted with fairness, moderation, and
cahuor' and with an earnest desire To subdue Sec
uonai prejudice, will obtain extensive circulation
ana exert beneficial influence
lar' OF The plan is TO invite, by offer OF pre-
nni prize essays on the subjects of British
Abolition, British Commerce. British Finance
BRUSH Banking, and British DIPLOMACY. and nIso
on the American Tariff, American Commerce.
h"e,,o"" bahhs, American Currency, and AHri-
can Slavery. These questions. il is hoped will
put IN requisition the ablest pens Of the whole
country ana give 10 The MEDIUM" an interest
and character which will secure for il a aunnort
commensurate with the expenditure necessarily
incurred.
AS the machinery Of commerce and OF credit is
now organized, our Banks and our Currency are
the weaker parts Of the British system, and the
OF the British Currency, caused by Overtradng and
speculations of the British people and British
Bankers, necessarily produce ruinous expansions
and contractons of our Currency, which enable
British nanciers, 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, INJECTING at the same time
severe losses by greatly depreciating the value of
! our labor and property.
| The MEDIUM" viii advocate Il modification of
the laws regulating mail contracts with Railroad
Companies, so az to authorize contracts for the
I,ar final = D.. IL n
| an amount OF hive 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. Il will further advocate general
system of free banking, under.Stats 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
o cheap, abundant and staple currency and ena-
BILE the farmer and the planter to obtain remu-
nernting pricesat home, instead ofbeng compelled.
| as they now are, to send the products of their
labor to the British market, to be sold there by
British agents at British prices and because
such 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
obiterating the lines that had here tofore created it,
| "THE MEDIUM" will not be party paper but re-
publican and independent, treating men, measures
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 Fhanciers 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.