The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-04-10

A Newspaper 10 be published Daily and Weekly
IN Nep York aud Warrington City.
Such has teen the progress Of sectional feeling,
that a mutual exchGnge 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, 1t is proposed TO publish IN New
DIRK and Washington City, daily and weekly
n ewspaper, in which the ablest writers Of both
sections may present the facts aud arguments upon
which they rely, IN support of the interests and
institutions Of each, under the hope that such q
paper, conducted with fairness, moderation, and
candor, and with an earnest desire 10 subdue Sec
uona prejudice, will obtain extensive circulatiOns
and exert beneficial influence.
Part OF the plan is to invite, by an offer OF pre-
NUNS 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 AfrI-
Slavery. These questions, it il hoped will
put in requisiton the ablest pens Of the whole
country, and give to ''THE MEDIUM" an interest
and character which will for it a support
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
ruinous effects of the expansions and contract'ons
of the British Currency, cauped by overtrading and
specuations Of the British people and BRUSH
Bankers, necessarily produce ruinous expansions
and contractions of our Currency, whicn enable
British inancers. by the use OF their credit, Win
out an advance Of capital, to levy upon US enorm-
sums in the shape Of profits on exchange, in
teres tand commissions, nAicting at the same time
severe losses by greatly deprecating the value OF
our labor and property.
"THE MEDIUM" will advocate modification OF
the laws regulating mail contracts with Railroad
| Companies, no az to authorize contracts for the
IL Of Dali de- nj
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 De
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 restr'c-
tons, on deposits Of Railroad securities because
such 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-
nera,ing pricesat home, instead ofbeing compelled.
las they now are, to send the products oil their
labor TO the British market, to he sold there by
British agents ut British prices and because
J such modification Of the laws regulating mall
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 or the
| whole country, and abate sectional prejudice by
celebrating 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 scuny, guarding
with Jealous vigilance the interest of the people
of the United States against the dangerous infiu-
ence of British Financiers and British Diplomacy.
| TERMS.
The price Of "THE MEDIUM" will be-
Two Cents per copy for the Daily, and Two Dot
lars per annum for the Weekly, with reasonable
deduction to the Trade, to Clubs, and to Agents
| March 8.