The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-04-14

Newspaper 10 be published Daily and Weekly
IA Ne~ York and Washington CHy.
such has been the progress Of sectional feeling,
,nat 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.
Wlth this view, 1t 10 proposed to publish in New
York and Washington City, daily and weekly
n ewspaper, IN which the abesl 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 hope that such a
paper conducted with fairness, moderation, and
canuor' and with an earnest desire to subdue Sec
uona prejudice, will obtain extensive circulation,
ana exert beneficial influence.
rar' oil the plants to invite, by an offer Of pre-
NUNS, prize essays 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 Afr-
can Slavery. These questions, it is hoped will
put in requisition the abest pens of the whole
country, and give to "THE MED,um" an interest
and character which will secure for it 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
rulnous effects of the expansions and confractons
of the British Currency caused by overtrading and
speculalions of the British people and British
bankers, necessarily produce ruinOus expansions
and contractions of our Currency, which enable
British hnanciers. 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, ntlicting ut the time
severe losses by greatly deprecialng the value Of
our labor and property.
"THE MEDIUM" will advocate modification of
the laws regulating mail contracts with Railroad
Companies, so as to authorize contracts for the
pf Pail do Urnn INF nf
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. 1t will further advocate a general
system of ffee banking, under State laws, on de-
posits OF bonds Of the federal or State govern
ment, and, under proper guarantees and resric-
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-
BILE the farmer and the planter to obtain remu-
neratlng prices home instead being 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 % currency aided
by such modification of the tariff As viii prevent
fraud IN the customs, and encourage our own in
dusry, would consolidate the interests Of the
| whole country, and abate sectional prejudice by
obIiterating the lines that had heretofore created It,
"THE MEDIUM" will not be a party paper, but re-
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 nfu-
ence of British Financers and British Diplomacy
TERMS.
The price Of "THE MEDIUM" will BET
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.