The southern press., 1852-05-20
Prospectus oE srHE nKBITn,s

A Newspaper 70 be pablished Daily and Ir.sEly
"a NeD York and IYashiagtoa Cry
Such has been the progress of sectional lesl,ny,
that a mutual exchange Of opinion between the
North and the South has become Indispensable 40
quiet the public mind End restore mutual confidence
and good will.
With this view, il is proposed opublish in New
YORK and washington City. daily and weekly
Newspaper, IN which the ablest writers Of both
sections may present the facts and arguments upon
which they rely, IN support Of the interests and
Institutions or each, under the hope that such
paper, conducted with fairness, moderation, and
candor, and with an earnest desire TO subdue sec
uona prejudice, will obtain extensive circulation
and exert a beneficial influence.
Part of the plan is 10 invite, by an offer Of pre.
NUNS, prize essays on the subjects Of BRUSH
Aoohtlon, British Commerce, British Finance
British Banking, and British Diplomacy, and also
on the American Tariff, American Commerce,
American Banks, American Currency, and Am.
can Slavery These questions, il IL hoped viii
put IN requlsltion the ablest pens Of the whole
| country, and give 10 "THE MEDIum" an interest
and character which will secure for il a snppor,
commensurate with the expenditure necessarily
| incurred.
| AS the machinery Of commerce and Of credit Il
now organized, our Banks and our Currency are
the weaker parts of the British system, and the
rulnous effects of the expansions and contractona
1
speculations Of the British people aud British
/ Bankers, necessarily produce ruinous expansions
and contracions Of our Currency, which enable
British financiers, by the use of their credit with.
out an advance of capital, TO levy upon US enorn,.
Gus sums IN the shape of profits on exchange, in.
teres tand commissions, in6lciing at the same time
severe losses by greatly depreciating the value o
our labor and property.
/ The MEDIUM" will advocate n modification OF
the laws regulating mail contracts with Railroad
! Companies, 30 as to authorize contracts for tht
| 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 bt
equal to the quarterly payments made under ex
listing laws. II will further advocate a genera
system of free banking, under State laws, on de
4 posts Of bonds Of the federal or State govern
ment, and, under proper guarantees and restric
tons, on deposits Of Railroad securities becaus,
such system would make the large sums in
vested IN Railroads available as capital, and Civ,
cheap, abundant and staple currency, and ena
BILE the farmer and the planter to obtain remu
neratlng prices at home, instead ofbeing compelled
as they now are, to send the products OF the
labor to the British market, to he sold there b,
British agents at British prices and becaus,
such modification of the laws regulating mai
contracts, and such system of currency aidet
by such modification of the tariff as will preyen
fraud in the customs, and encourage our own in
dustry, would consolidate the interests OF tn
whole country, and abate sectional prejudice b,
obteratng the lines that had heretofore created il
"THE MEDIUM" will moi be party paper, but re
publican and independent, treating men, measure
and parties with searching scutiny, guardin.
with jealous vigilance the interest Of the peopl
of the United States against the dangerous inAu
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.