The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-04-27
Px0sPksrta or rrHE utbitm.u

A Newspaper TO be published DAILY and Wsekly
in NeD York and Washington Civ.
Such has been the progress of sectional feeling,
that mutual exchange of opinion between the
North and the South has become indispensable 10
quiet the public mind and restore mutual confidence
and good will.
With this view, it is proposed topublish in New
York and Washington Guy, daily and weekly
N Newspaper, in which the ablest writers 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 u
paper, conducted with fairness, moderation, and
candor, and with an earnest desire to subdue sec
uonal prejudice, will obtain extensive circulation,
and exert beneficial influence.
Part of the plan is TO invite, by an offer or pre-
nlums, prize essays on the subjects of British
Abolition, British Commerce, British Finance t,
British Banking, and British Diplomacy, and also
on the American Tariff, American Commerce,
American Banks, American Currency, and AFR
can Slavery. These questions, II is hoped w,
put IN requislion the ablest pens of the whole
country, and give To ''TnE MEDIUM" an interest
and character which Will secure for it II support
commensurate with the expenditure necessarily
incurred.
now organized, our Banks and our Currency are
the weaker parts Of the British system, and the
rulnous effects of the expansions and contractions
OF the British Currency, caused by overtrading and
specuauons of the British people and British
Bankers, necessarily produce ruinous expansions
| and contractions of oar 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 and commissions, inilicting at the same TINT
severe losses by greatly depreciating the value OF
| our labor and property.
"THE MEDIUM" will advocate a modification OF
the laws regulating mail contracts with Railroad
mics th.ci1 ra.fp far Ia.
perpetual 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 ex-
| listing laws. II will further advocate general
system of free banking, under State laws, on de-
posts Of bonds of the federal or State govern
ment, and, under proper guarantees and restrc-
tons, deposits Of Railroad securities because
| such a system would make the large sums in
vested in Railroads available capital, and give
cheap, abundant and staple currency, and ena-
| bic the farmer and the planter to obtain remu-
| nerating prices at home instead ofbeing 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 mai
contracts, and such system of currency aided
| by such modification of the tariff as 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
oblterating 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 searching scutiny, guarding
with jealous vigilance the interest OF the people
OF the United States against the dangerous inhu-
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.