The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-07-16
PROSPECTUS Of "TaE MEDIUM,"

A Newspaper 10 he published DAILY and Week.,
in Nep York and Washington CITY.
Such has been the progress OF sectional feeling
that a 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 topublish in New
York and Washington City, daily and weekly
Newspaper, in which the ablest 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 a
candor, and with an earnest desire to subdue sec
tional prejudice, will obtain extensive circulation
and exert beneficial influence.
Part Of the plan IL to invite, by an offer Of pre-
miums, prize essays on the subjects Of British
Abolition, British Commerce, British Finance
British Banking, and British Diplomacy, and also
on the American Tariff, American Commerce,
American Banks, American Currency, and Afr
can Slavery. These questions, 1t in hoped will
put in requisition the ablest pens of the whole
country, and give to "THE MEDIuM" an interest
and character which will secure for it a support
commensurate with the expenditure necessarily
incurred.
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
runous effects Of the expansions and contractions
of the British Currency, caused by overriding and
specuatons Of the British people and British
Bankers, necessarily produce ruinOus expansions
and contractions of our Currency, which enable
British inancers by the use Of their credit, with
out an advance Of capital, to levy upon enorn,-
GUS sums in the shape Of profits on exchange. in
teres and commissions, inficting at the same time
severe losses by greatly depreciating the value OF
our labor and property.
"THE MEDIUM" will advocate modification OF
| the laws regulating mail contracts with Railroad
| Companies, so to authorize contracts for 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. It will further advocate a general
| system of free banking, under State laws, on de-
posts Of bonds of the federal or State govern
ment, and, under proper guarantees and resiric-
tons, on deposits Of Railroad securities because
such system would make the large sums in.
vested in Railroads available capital, and give
| Q cheap. abundant and staple currency, and ena.
| BILE the farmer and the planter to obtain remu
neratng pricesa at home, instead ofbeng compelled
as they now are, to send the products of THEN
labor to the British market, to be sold there by
| British agents at British prices and because
such a modification of the laws regulating mai
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
dustry, would consolidate the interests Of tn,
whole country, and abate sectional prejudice by
celebrating the lines that had heretofore created il
| "THE MEDIUM" will not be a party paper, but re
publican and independent, treating men, measures
and parties with a searching scutiny, guardin,
with jealous vigilance the interest Of the peop
Of the United States against the dangerous inAu
ence of British Financiers 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 8.