The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-06-12

A Newspaper 10 b published Daly and W.sklv
IN Nep York and Washington Guy.
Such has teen the progress OF sectional feeling,
that mutual exchange Of opinion between the
North and the South has become ndispenssb ole to
quiet the public mind nd ia store mutual confd encs
und good will.
w TN THIS view, II IL proposed publish IN New
iorh and Washington Guy. daily and weekly
y newspaper, IN which the ablest writer's 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 falrnese, moderation, and
'andor, and with an earnest desire to subdur Sec
upoa prejudice, will obtain extensive circulation,
aud exert beneficial influence.
KARI OF the plan 10 invite, by An otter OF pre-
nuu'ns, prize essays on the subjects of British
npohtlon, BRITISH Commerce, British Finance,
nr'ush Banking, and British Diplomacy and also
on me American Tariff American Commerce,
American Banks, American Currency, and Afri-
can slavery These questions, it is hoped will
put In requisIlion the ablest pens of tho whole
country, and give TO 'rrHE Msp,umn An interest
and Character which will secure for it a support
commensurate with the expenditure necrassriIv
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
runous effects of the expansions and contrac,ions
of the British Currency, caused by overtrading and
specuatons of the British people and British
Bankers, necessarily produce ruinous expansions
and coniractions of oar Currency, which enable
British hnancers. 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 infIcting the sa,ne time
severe losses by greatly depreciating the value of
our labor aud property.
"THE MEDIUM" will advocate modification of
Inc laws regulating mail contracts with Railroad
Companies, 80 as 10 authorize contracts for the
perpetual use of Railroads upon the payment Of
an amount OF 1ve per cent. coupon bonds, charge
able on the revenues Of the Department, upon
which the interest, at six per cent, would he
equal 10 the quarterly payments made under ex
lstIng laws. II will luther 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 restric-
tons, on deposits OF Railroad securities because
such system would make the large sums in
vested in Railroads available az capital, and give
o cheap, abundant and staple currency, and ena-
BILE the farmer and the planter to obtain remu
nerating pricesat home, instead FLEEING 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 will prevent
fraud in the customs, and encourage our own in
dustry, would consolidate the interests Of the
whole country, and abate sectional prejudice by
ooteratDg the lines that mad here tOtOre created It,
The MEDIUM" will not be party paper, but re-
publican and independent, treating men, measures
and parties with 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 "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 s.