The southern press., 1852-06-15
PROSPECTUS OF "THE MEDUu,.
A Newspaper 70 be published Daily and Weekly
~ Nam Yark md LKnshiunAln ClLu

Newspaper 10 be published Daily and Weekly
q. -yel0 York and Washington Guy.
Such has been the progress OF sectional feeling,
that a mutual exchange Of opinion between the
North and the South has become Indispensable To
quiet the pnoiic mind end restore mutual confidence
and good will,
With this view, it is PROPOSED to publish in New
ork and Washington CITY, daily and weekly
ewSpaper, In which the ATTEST 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 a
paper, conducted with fairness, moderation, and
caGdor, and with an earnest desire to subdue sec
tonai prejudice, will obtain extensive circulation,
and exert beneficial influence.
Part of the plan is TO 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 Afr-
can Slavery. These questions, il is hoped will
put IN requisiton the abest pens of the whole
country, and give TO THE MEDIUM" an interest
aud character which wIl secure for it support
commensurate with the expenditure necessarily
incurred. d.. st.. .-S@
AS The machinery of commerce aud Of credit is
how organized, our Backs and our Currency are
the weaker parts Of the British system, and the
iainous effects Of theeXpansOns and contractions
Of The British Currency, caused by overtradng and
BANKERS, necessarily produce ruiLous exps nsions
and conraclons of our Currency, which enable
British fnancIers by the use OF their credit, With
cut an advance Of capital, 10 levy upon us Ell orm"
Gus sums IN the shape Of profits on exchange, in
teres tand commissions, ntctIng at the sam me
severe losses by greatly depreclatlng the va OF
our labor and property. .~. ..s :
"IHE MEDIUM" will advocate modfctt I of
The laws regulating mail contracts with 4 dd
Companies, so as to authorize contracts y ne
perpetual use Of Railroads upon the payms< Of
amount OF five per cent. coupon bonds, cha ge-
able on the revenues Of the Department, upon
which the interest, at six per cent, would be
equal TO the quarterly payments made under e. :
istng laws, II will fuIther advocate gene
system Of free banking, under State laws, o. ds
posts Of bonds Of the federal or State govern
meut, and, under proper guarantees and restrlc-
lions, on deposits of Railroad securities because
such u system would make the large sums IN
vested in Railroads available as capital, and give
cheap, abundant and staple currency, and ena-
Die the farmer and the planter TO obtain remu
nerating prices at home, instead ofbeng competed
as tey' nrw are 10 gerd .he products ot'their
iaUur 10 the British market, 10 he sold there ~
British agents at EFl!sh prices aud because
.inll 9 rnaiiG alton Uf ms laws regulating mail
contracts, and such system Of currency aided
by such modification of the tariff as will prevent
llraud III the customs, and encourage our own m
dU.ty, would consolidate the interests or the
whole country ,and abate sectional prejudice by
ob.terating the lines tn~thhd heretofore created IT,
"THE MEDIUM" will mol Js 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 inhu
ence OF British F'nanciers and British Diplomacy
TERMS.
The price of "THE MEDIUM" will be-
Two Gents per copy for the Daily, and Two Dol
lars per annhm for the Weekly, with reasonable
deduction 10 the Trade, to Clubs and to Agents
| March 3.