The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-04-15

Newspaper TO be published Daily and Weekly

A Newspaper 10 be published Daily and Weekly
IA Ne'o York and Washington CITY.
! Such has been the progress of sectional feeling,
that mutual exchange of opinion between the
Nor.h and the South has become indispensable To
quie. the public mind and restore mutual confidence
and good will.
With this view, It is proposed to publish in New
York and Washington City, daily and weekly
N evspaper, in which the abest 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 circulatlon
and exert beneficial influence.
Part of the plan is to invite, by an offer OF pre-
m ums, prize essays the subjects of British
Abolition British Commerce, British Finance I,
British Banking, and British Diplomacy, and also
o the American Tariff, American Commerce,
A mercan Banks, American Currency, and Arr
eau Slavery. These questions, IT Is hoped VIII
put in requistion the ablest pens of the whole
country, and give TO ''IHE MEDIUM" an interest
and character which will secure for II II support
commensurate with the expenditure necessarily
occurred.
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 contractons
of the British Currency, caused by overlradlng and
Bankers, necessarily produce ruinous expansions
and contraclions of our Currency, which enable
British inancers, 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 tund commissions inhicting at the same time
severe losses by greatly deprecatinS the value Oh
our labor and property.
"THE MEDIUM" will advocate modification OF
the laws regulating mail contracts with Railroad
COMPANIES, so as to authorize contracts Tor 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 1t viii further advocate general
system of free banking, under State laws, on de-
posits of bonds of the federal or State govern
ment, and under proper guarantees ana fes'ric-
tons, on deposits Of Railroad securities because
such a system would make the large sums IN
vested in Railroads available as capital, and give
cheap, abundant and staple currency, and ena-
BILE the farmer and the planter to obtain remu-
neratng prices at home, instead ofbeing compelled,
as they now are, to send the products OF theT
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 system of currency aided
by such modification of the tariff as will prevent
| fraud in the customs, and encourage our own m
dustry, would consolidate the interests or the
whole country, and abate sectional prejudice by
obliterating the lines that had heretofore created It,
"THE MEDIUM" will not be a 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 lnflu-
ence of British Financers 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 3.