The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-06-11

a newspaper 20 DC puoAshed Daily and Weeklu
IN New York and Wasaings,m C,sy.
such hss teen the progress OF sectional feeling.
That mutual exchange OF opinion bstweeo ,hs
North and the South has become ndispensnble 10
quiet the public mInd nd r,Atore mutual confidence
and good will
WIN lh,s view, il is proposed to publish In New
10TH and Washington City, daily and week v
newspaper, IN which the aolsst writers Of both
SECTIONS may present the facts and arguments upon
which they rely, IN support Of the inlsresls and
institutions OF each, under the hope that such a
PAPER, conducted with fairness, nloderat o. and
Calidor, ana with an earnest desire to subdue Gee
uohal prejudice, VIII obtain extensive cIrcuation
ana sXeri beneficial influence.
rart OF the plan IL TO invite, by an offer Of pre-
NUNS prize essays on the subjecto of Brush
aoohtion, British Commerce, British Finance
oi"sh banking, and BrItish Diplomacy ard also
on Tue American Tariff, American Commerce.
1a,ne n,n Banks, American Currency, and AFR
~, These questions, II is hoped will
put IN requsltion the ablest pens of the wI,o,r
country, aud give to '"rnu M.p,unn an ;n,erssr
anu onai"ciei which Will secure Tor il a suppurt
commensurate with the expenditure necessarily
incurred
As the machinery of commerce and Of credit il
now organized, our Banks and our Currsncv .,~
the weaker parts OF the British system. and the
ruinous effects OF the expansions and contracrons
oi the british Currency, caused by over,rndins and
specu atoms OF the Brush people and Blush
Bankers necessarily produce ruiLous expansions
ana contracions of oar Currency, which enable
British inanciers. by the use of their credit with
out an advance of capital, 10 levy upon us enorm-
Gus sums IN the shape of profits on exchange, IN
teres tand commissions, INJECTING at the same time
severe losses by greatly delrecIating the value of
our labor and property.
IhE MEDIUM" will advocate mod fcation Of
the laws regulating mail contracts with Railroad
Companies, SO as to authorlzs contracts for the
perpetual use of Railroads upon the pavmenr of
an amount OF five per cent. coupon bonds, change
able ON the revenues Of the Department, upon
winch the interest, at six per cent, would he
equal 10 the quarterly payments made under ex-
istins laws. IL will further advocate general
system Of fee banking, under State laws, on de-
posts Of bonds of the federal or Stale govern
ment, and, under proper guarantees and reslrlc-
lions, on deposits of Railroad securities because
such system would make the large sums IN
vested IN Railroads. available as capital and give
q cheap, abundant and staple currency, an. ena-
Die the farmer and the planter to ubiain emu
nerating prices at home, instead ofbeing compelled
as they now are, to send the products OF their
labor to the British market, TO he sold the by
British agents at British prices and be- suse
such modification Of the laws regulating nail
contracts, and such 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 abute sectional prejudice by
obnteraling the lines that had her, tof0re created IT,
tbs 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 infu-
ence of British FInanciers and British Diplomacy.
TERMS.
The price Of "THE MEDIUM" will be-
I@o Cents per copy Tor the Daily, and Two Dot
lars per annu'n for the Weekly, with reasonable
deduction to the Trade, to Clubs, and 70 Agents.
March D.