The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-05-14

4 Newspaper to be ps45lisAl1 Dsily and Weeklv
IN New York and Washingson Cry.
Such has been the progress. a. sectional feeling.
ina, Ina 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 Civ, a daifv md weekly
Newspaper, IN which the abest writsre Of both
sections may present the facts and arguments upon
winch they rely, IN support Of the interests and
Institutions Of each, under the hope that such a
paper conducted with fairness, moderation, and
candor, and with an earnest desire to subdue sec
uonai prejudice, will obtain extensive circulstion
anu exert beneficial influence
"l Vi 'he plan Is to invite, by offer Of pre-
minus , prize essays on the subjects Of British
n Z. British Commerce, Brush Finance
,i'" naa"n.ng' and British Diplomacy, and also
on the American Tariff, American Commerce
American Banks, American Currency and AGr'
can slavery. These questions, it 10 hoped will
put IN requIsitIon the ablest pens of ths vvbol.
country, and give to ''THE MEp,uM" an ;n,.re,t
and character which will secure for il a snnnort
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
runous effects of the expansions and contractons
OF the British Curre' CT, caused by overtrading and
specuatons of the British people and British
Bankers, necessarily produce runous expansions
and contractlons of our Currency, which enable
British inanc ers. by the OF their credit with
out an advance OF capital, TO levy upon W enorm-
Gus sums in the shape of profits on exchange, in
teres tand commissions inficting 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
perpetual use of Railroads upon the payment of
an amount OF five 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 ak
listing Jaws II will further advocate general
system of free banking, under State laws, on de-
posts of bonds of the federal 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 az capital, and give
cheap, abundant and staple currency, and ena-
bic the farmer and the planter to obtain remu-
nerating prices 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 modification Of the laws regulating mail
contracts, and such system of currency aided
by such modification of the tariff will prevent
f1ud in the customs, and encourage our own in
dustry, would consolidate the interests Of the
whole country, and nbate sectional prejudice by
obteratng the lines that had heretofore created it,
"THE MEDIUM" will not be party paper, but
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.
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.