The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-05-08
PROSPECTUS or "rnE nEDIUa,n

A Newspaper 10 be pubiished Daily and Weekly
IN AeD York and Washington Cay.
such has been the progress OF sectional feeling,
.nat mutual exchange Of opinion betWssn the
Nor;h ana the South has become indispensable TO
quiet the public mind and restore mutual confidence
and good will.
with tins view, 1t Is proposed TO publish in New
York and Washington City, daily and weekly
newspaper, IN which the abiest writer's Of both
sections may present the facts and arguments upon
winch they rely, in support of the interests and
nhsu'utionNpf each under the hope that such
paper conducted with fairness, moderation, and
.a''uo' ana with an earnest desire to subdue Sec
uonai prejudice, will obtain extensive circulation
ana exert beneficial influence
I"'t VI me pan is to invite, by an offer Of pre-
NUNS, prize essays the subjects of British
Abolition, British Commerce, British Finance
British Banking, and British Diplomacy. and also
on the American Tariff, American Comm4rc.
American Banks. American Currency, and Aft,
can Slavery. These questions, it is hoped will
put in requsition the ablest pens of the whols
country, and give to "TuE 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
ruinous effects of the expansions and c0ntractions
| of the British Currency, caused by overtrading and
| specuatons of the British people and British
Bankers, necessarily produce ruinous expansions
and contractions of our Currency, which enable
British fnanciers 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, inAictng 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 AZ to authorize contracts for the
| al Dali l. 49,
! all 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 general
| system of free banking, under State laws, on de-
posits Of bonds of the federal or State govern
ment, and, under proper guarantees and restrc-
tons, on deposits Of Railroad securities because
such Il system would make the large sums in
vested in Railroads available as capital, and give
| a cheap abundant and staple currency, and ena-
BILE the farmer and the planter to obtain remu-
nerating prices home, instead Ofbeng 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 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 the
whole country, and abate sectional prejudice by
oberatng the lines that had here tofore 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 inAu-
ence of British Fnanciers and British Diplomacy.
TERMS
| The price of "THE MEDIUM" will be-
Two Cents per copy for the DAILY, ana Two Dol
lars per annum for the Weekly, with reasonable
deduction to the Trade, to Clubs, and to Agents.
| March 8.