The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-04-16
PROSPECTUS OF "THE MEDIUn,.

Newspaper 10 be published Daily and Weekly
IN Neo York and Warrington Guy.
ooch mas Teen the progress OF sectional feeling
.nat mutual exchange of opinion between the
Norsh ana the South has become indispensable to
quiet the public mind and restore mutual confidence
and good WILL
With this view, 1t IL proposed publish in New
York and Washington Guy, daily and weekly
N ewspaper, IN which the ATTEST 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
paper, conducted with fairness, moderation, and
candor, 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 or pre-
mums, 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 Afrl-
can Slavery. These questions, it is hoped will
put IN requistlon the ablest pens of the whole
country, and give to ''TnE MEDIUM" an interest
and character which will for it support
commensurate with the expenditure necessarily
incurred.
As the machinery of commerce aud 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 contractons
OF the British Currency, caused by oyerlradlng and
specuations of the British people and British
Bankers, necessarily produce rulnous expansions
and contractions of our Currency, which enable
British fDancers by the use 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, infictng at the same time
severe losses by greatly depreciatlng the value OF
our labor and property.
| "TuE MEDIUM" will advocate modification oil
the laws regulating mail contracts with Railroad
| Companies, so to authorize contracts for thu
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 be
equal to the quarterly payments made under ex
| listing laws. II will further advocate 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 restric-
tons, on deposits Of Railroad securities because
such 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 at home instead ofbeing compelled
as they now are to send the products OF theIl
labor to the British market, to be sold there by
| British agents ut 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
obterang 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, guarding
with jealous vigilance the interest Of the people
of the United States against the dangerous inhu
ence of British Financers and British Diplomacy
| TERMS.
| I'll ,.;. 80 NTIIC MEnIITNfD will ha.
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 3.