The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-06-25

A Newspaper 10 be published Duilg and Weekly
in Nsio York and Washingt0n City.
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 topubIish in New
York and Washington City, daily and weekly
Newspaper, in which the ablest writers or 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
paper conducted with fairness, moderation, and
candor, and with an earnest desire to subdue sec
tiona prejudice, will obtain extensive circulation,
and exert beneficial influence.
Part Of the plan is TO invite, by 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 Afri-
can Slavery. Thesequestions, 1t is hoped will
put in requisition the ablest pens of the whole
country, and give to ssTHE MEDIUM" interest
and character which will secure for it 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 contractlons
specuIatIons of the British people and British
| Bankers, necessarily produce ruinous expansions
and contraclons of our Currency, which enable
British fnanciers, by the of their credit, with
out advance Of capital, to levy upon us enorm-
Gus sums in the shape of profits on exchange, in
teres tand commissions, inficting at the same time
severe losses by greatly depreciating the value o.
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 o
| an amount of five per cent coupon bonds, charge
able on the revenues of the Department, upor
which the interest, at six per cent, would bt
equal to the quarterly payments made under ex
listing laws. IL will further advocate a genera
| system of free banking, under State laws, on de
| posts OF bonds of the federal or State govern
ment, and, under proper guarantees and restric
tions on deposits of Railroad securities /; becaus,
such system would make the large sums in
| vested in Railroads available as capital, and Civ,
a 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 the
labor to the British market, to be sold there by
British agents at British prices and becaus,
such modification of the laws regulating mai
| contracts, and such system of currency alde(
| by such modification of the tariff as will proven
| fraud in the customs, and encourage our own In
dustry, would consolidate the interests OF thu
whole country and abate sectional prejudice By
obterating the lines that had heretofore created it
"THE MEDIUM" will not be party paper, but re
| publican and independent, treating men, measures
! and parties with a searching scutiny, guardins
with Jealous vigilance the interest Of the people
Of the United States against the dangerous inhu
ence of British Financiers and British Diplomacy
| TERMS.
1
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 s.