The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-06-18

"a newspaper 10 De published Daily and Weekly
:" Ne,o York and Washington City
nuch mas been the progress of sectional feeling
.nas mutual exchange of opinion between H.
North and the South has become ind;snsnaahIs ~
quet the public mind and restore mutual confidence
and good will. N''''D'''Oe
Wnh thls view, 1t is proposed to publish in New
iorh ana w washington City, daily and weekly
newspaper IN whch the ablest writers OF both
sections may present the facts and arguments mon
which they rely, in support of the interests and
Institutions OF each, under the hope that such
paper, conducted with fairness, moderation ana
eandor, and with 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-
mlumsi prIze essays the subjects of British
Abolition, British Commerce, British Finance
BRUSH Banking, and British Diplomacy, and also
on the American Tariff, American Commexce
American Banks, American Currency, and A fri
can Slavery. These questions, it is hoped will
put IN requsition the ablest pens of the whole
country, and give to ''rHE MEDIUM" an interest
ana character which will secure for il 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 contractions
OF the BRUSH Currency, caused by overriding and
Bankers, necessarily produce ruinous expansions
and contractlons of our Currency, which enable
BRUSH hnancers, by the use of their credit, with
out an advance of capital, 10 levy upon us enorm-
Gus sums IN the shape of profits on exchange, in
teres tand commissions, inflctng 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 as 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-
isting laws. Ii will further advocate a general
system of free banking, under State laws, on de-
posts OF bonds of the federal State govern
ment, and, under proper guarantees and restric-
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 prcesat 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 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
obterating 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 infu-
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.