The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-06-02
PROSPECTUS OF "THE MEDIUM. .

Newspaper % be published DAILY and Weekly
en- Ne" York aud Washington Gin.
such has been the progress OF sectional feeling,
mat mutual exchange Of opinion between tie
North and the South has become indspensahle tn
quietth public mind and restore mutual confidence
aud good viii.
With thus view, 1t Is proposed topublish in New
York and Washington City, a daily and weekly
N ewspaper, In which the ablest writers OF both
sections may present the facts aud 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, aud
candor, and with an earnest desire to subdue sec
uonal prejudice, will obtain extensive circulation
and exert beneficial influence
Part OF the plan is TO invite by an offer Of pre-
miums, prize essays ON the subjects of British
Abolition, Brush Commerce, British Finance
British Banking, aud British Diplomacy, and also
on the American Tariff, American Commerce
American Banks, American Currency, and Afri-
can slavery. These questions, IL is hoped will
put IN requisltIoD the ablest pens of the whole
country, and give To ''TnE MEDIUM" an interest
and character which will secure for it a support
commensurate with the expenditure necessarily
incurred
rs 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
ruihous elects OF the expansions and contractions
OF the British Currency, caus ed by overradng and
speculauons of the British people and British
Bankers, necessarily produce ruinous expansions
and contractions of our Currency, which enable
British hnanciers. 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 inlcting at the same time
severe losses by greatly depreciating the value OF
our labor and property.
HE MEDIUM" will advocate modification OF
the laws regulating mail contracts with Railroad
4 MS n fhTe,s g. al.
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 will further advocate u general
system OF free banking, under State laws, on de-
posts or 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 as capital, and give
cheap, abundant and staple currency, and ena-
BILE the farmer and the planter to obtain remu-
neratlng prlcesat 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
uusuy' Would consolidate the interests or the
whole country, and abate sectional prejudice by
obllteratng the lines that had heretofore created it
"lHE MEDIUM" will not be party paper, but re-
publican and independent, treating men, measures
and parties with searching scuny, guarding
with jealous vigilance the interest OF the people
Of the United States against the dangerous in6u-
ence of British Financers and British Diplomacy
TERMS.
The price of "THE MEDIUM" will be-
Two Cents per copy fer the Daily, and Two Dol
lars per annum for the Weekly, with reasonable
deduction to the Trade, to Clubs, and to Agents.
March 8.