The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-04-26
P1osPeeTUs or "rnE maDIUa.D
Newspaper 10 be published Daily and Weekly
~ NeW York and LYaxhin0iry,s Gun

Newspaper 10 be puJlished Daily and Wsekly
~ NsU York and Warrington Guy.
quo" mas oeen the progress OF sectional feeling,
,nat a mutual exchange Of opinion between the
Nofsh anu me south has become indispensable TO
quiet the public mind and restore mutual con6dsncs
and good will.
with this view, It Is proposed TO publish in New
York and washington City, daily and weekly
Newspaper, IN which the ablesl writers of bo,h
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, viii obtain extensive circulation,
and exert beneficial influence.
kart OF the plan rs to invite, by an offer or pre-
mlums, prize essays on the subjects of British
Abolition, British Commerce, British Finance,
BRUSH Banking, aud British Diplomacy, and also
on the American Tanfi American Commerce,
American Banks, American Currency, and Afr
can slavery. These questions, il Is hoped will
put III fequlsition the ablest pens of the whole
country, and give To ''luE MEDIUM" an interest
ana Character which Will secure for ii u support
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, aud the
ruinous effects Of the expansions and contractions
o the BRUSH Currency, caused by overlrading and
specu atoms OF the British people aud British
Bankers, necessarily produc. ruinous expansions
and contractions of our Currency, which enable
British knanciers. by the OF their credit with
out all advance OF capita, TO levy upon US enorm-
0us sums IN the shape of profits exchange, in
teres tand commissions nhcung 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
Companies, 30 AS TO authorize contracts for the
perpetual use of Railroads upon the payment OF
an amount OF hye 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 1t 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-
tions on deposits Of Railroad securities because
such 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-
neraing prices at home, instead ofbeing compelled,
| as they now are, to send the products OF their
labor to the British market, to he sold there by
British agents at British prices and because
such modification of the laws regulating mail
contracts, and such "a system of currency aided
by such modification of the tariff as will prevent
fraud in the customs, and encourage our own in
dusry, would consolidate the interests Of the
whole country, and abate sectional prejudice by
obterating the lines that had heretofore 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 inhu-
ence of British Financiers and British Diplomacy
TERMS.
m
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.