The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-05-21

A NeSspsPsr % be published Daily and Weekly

Newspaper 10 be published Daily am9 Weekly
IN New York and Washington Ciy.
Such has been the progress OF sectional feeling,
that mutual exchange of opinion between the
North and the South has become indispensable to
quiet 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
ewspaper, IN which the ablest writer's 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 n
paper, conducted with fairness, moderation, and
candor, and with an earnest desire to subdue sec
tonai prejudice, will obtain extensive circulation,
and exert beneficial influence.
Part of the plan is 10 invite, by offer Of pre-
NUNS, prize essays on the subjects Of British
Abolition, British Commerce, British Finance
British Bankiog and British Diplomacy. and also
on the American Tariff, American Commerce,
American Banks, American Currency, and A FRI
can Slavery. These questions, IL Is hoped will
put IN requlslton the ablest pens Of the whole
country, and give to ''THg MEDIUM" an interest
and character which will secure for IL n support
commensurate with the expenditure necessarily
incurred
AS the machinery of commerce and of credit is
now organized our Banls and our Currency are
the weaker parts OF the British system, and the
ruinous effects of the expansions and contractions
ofthe British Currency, caused by overtrading and
speculatlons of the British people and British
Bankers, necessarily produc, ruinous expansions
and cjntructlons of Our Currency, which enable
British fnancIers. by the Of their credit, with
out an advance of capital, to levy upon us cnorm-
Gus sums IN the shape of profits on exchange, in
teres tand commissions, inflicting at the same time
severe losses by greatly deprecating the value of
our labor and property
"THE MEDIUM" will advocate modification of
the laws regulating mail contracts with Railroad
Companies, SO as to authorize contracts for the
perpetual use of Railroads upon the payment of
an amount of five per cent. coupon bonds, change.
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. II will further advocate general
system of free banking, under State laws, on de-
posits Of bonds of tho 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-
nerating pricesat home, instead ofbeing compelled,
as they now are, to send the products of their
| labor to the British market, to be sold there by
British agents at British prices and because
such modification of the laws regulating mail
contracts, and such system of currency aid ed
by such modification Of the tariff as will proven,
| fraud in the customs, and encourage our own in
dustry, would consolidate the interests Of the
whole country, and abate sectional prejudice by
obiteratng the lines that had here toore 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 infu-
ence of British Fnanciers and British Diplomacy
| TERMS
| The price Of "THE MEDIUM" will be-
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.