The southern press. [volume] (Washington City [i.e. Washington, D.C.]) 1850-1852, 1852-03-13
PROSPECTUS OF aTHE mEDIUm,Y
A Newspaper 10 be published Daily and Weekly
IN Men York and Washington Ciy.

A Newspaper 10 De puOliShtd Ddity ana weekly
IN Mem York and Washington Ciy.
Such has been the progress OF sectional feeling,
that 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, it is proposed TO publish in New
York and Washington City, a daily and weekly
Newspaper, in which the ablest writers or both
sections may present the facts and arguments upon
which they rely, in support of the interests and
institutions Of each, under the hope that such
paper, conducted with fairness, moderation, and
candor, and with an earnest desire to subdue sec
tonal prejudice, will obtain extensive circulation,
and exert a beneficial influence
Part Of the plan is 10 invite, by an offer OF pre-
mums, 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 Arr
can Slavery. These questions, II is hoped will
nut in reduisiiion the ablest pens OF the whole
country and give to "THE MEDIum" an interest
and character which will secure for il a support
commemorate 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
r,linous effects Of the expansions and contractons
of the British Currency, caused by overtrading and
specuations Of the British people and British
Bankers, necessarily produces runous expansions
and contrBctions Of our Currency, which enable
British inanciers. by the OF their credit, with
out an advance Of capital, to levy upon us enom-
GUS sums in the shape Of profits on exchange, in
teres tand commissions, inAicting at the same time
severe losses by greatly deprecatng the value OF
our labor and property. .
"THE MEDIUM" will advocate modification OF
the laws regulating mail contracts with Railroad
| ~ a for n
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 ex-
listing laws. Il will further advocate general
system Of free banking, under State laws, on de-
posts OF bonds Of the federnl or Stale govern
ment, and, under proper guarantees and resirc-
| 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 10 obtain remu.
nerating prices at home, instead ofbeing compelled
as they now are, TO send the products Of then
labor 10 the British market, TO lie sold there by
British agents at British prices and because
such a modification OF the laws regulating mai
contracts, and such system Of currency aided
by such modification Of the tariff as viii prevent
| fraud in the customs, and encourage our own in.
dustry, would consolidate the interests Of the
whole country, and abate sectional prejudice by
obteratng the lines that had heretofore created Il
"THE MeDfUM" will not be party popfr, 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 inau
ence OF British Financiers and British Diplomacy
TERMS.
The price Of "TIIE MEDIUM" will be,--
Two Cents per copy for the Daily, and Two Dol
lars per annum for the Weekly, with reasonable