The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-05-07

\ Newspaper 10 he published DAILY and We.kly
"a New York and Warrington Cny.
such has been the progress of sectional feeling,
snat a mutual exchanges 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, ii is proposed to publish in New
York and Washington Civ, a daily and weekly
Newspaper, IN which the abest writers Of both
sections may present the facts and arguments upon
winch they rely, IN support OF the interests and
INSTITUTIONS OF each, under the hope that such a
paper, conducted with fairness, moderation, and
cehdor, aud with earnest desire 10 subdus Sec
uonai prejudice, will obtain extensive Circulation
ana exert beneficial influence
ar VI 'he plan is to invite, by offer OF pre-
'',unis, prize essays OH the subjects of British
npo'i,ion' British Commerce, British Finance,
n''''sn nnanhlng' ana British Diplomacy, and also
on the American Tariff American Commerce
American Banks, American Currencv and A sr,
can Slavery These questions, it il hoped viii
put IN requisition the ablest pens of tbs whol.
country, and give to "THE MEDIUM" an interest
and character which will secure for il a sunnort
commensurate with the expenditure necessarily
ncurred.~
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
rulnous effects of the expansions and contractions
of the British Currency caused by overriding and
specuIatlons of the British people and British
Bankers, necessarily produce ruinous expansions
and contractions of our Currency, which enable
British hnanclers. 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, inhictng 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
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 Ii will further advocate a 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 restric-
tons, on deposits Of Railroad securities because
such Il system would make the large sums in
vested in Railroads available capital, and give
a cheap, abundant and staple currency, and ena-
| BILE the farmer and the planter to obtain remu-
nerating prices ut 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 aided
by such modification Of the tariff 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
obiteratng 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 searching scutiny, guarding
with jealous vigilance the interest Of the people
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.