The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-05-19
PROSPEROUS o. araE arpIUn, .

A Newspaper 10 be published Daily and Weekly
IA NeW York and Washington Gu.
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 condolences
and good WILL
With this view, it is proposed topubish 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 OF each, under the hope that such
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.
Fart oil the plan IL To invite, by an offer OF pre-
mlums, 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 Afri-
can Slavery. These questions, it is hoped will
put IN requIsion the abest pens Of the whole
country, and give to ''THE MEDIUM" an interest
ana character which will secure for il 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 contractions
OF the British Currency, caused by overriding and
speculations of the British people and British
Bankers, necessarily produc. ruinous expansions
and contractions Of our Currency, which enable
British financiers. by the use 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, inhcting at the same time
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
Companies, 80 az to authorize contracts for the
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 a general
system of free banking, under State laws, on de-
posits Of bonds Of the federal or State govern
ment' and, under proper guarantees and restric-
tons, on deposits OF Railroad securities becauae
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 mail
contracts, and such system of currency aided
by such modification Of the tariff as will preyen,
flaud In the customs, and encourage our own in.
dustry, would consolidate the interests OF the
whole country, and abate sectional prejudice by
celebrating the lines that had here toore created it.
The MEDIUM" will not be party paper, but re-
publican and independent, treating men, measures
ana parties with searching scutiny, guarding
with Jealous vigilance the interest OF the people
of the United States against the dangerous inhu.
ence OF British Financers and British Diplomacy
TERMS.
The price of "THE MEDIUM" will be-
Two Gents 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.