The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-06-10
PROSPECTUS OF ss7ns nua,vu,.


A Newspaper 10 be pu5lished Daily and Weekly
IN NeU York and Washingeon Csg
such has been the progress OF sectional feeling,
that mutual exchange of opinion between the
North and the South has become Indispensable 70
quiet the public mnd nd restore mutual confidence
aud good will. M
With this view, II u proposed to publish in New
York and Washington City, daily and weekly
Newspaper, in which the aolesl 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
oahuof, ana with an earnest desire to subdue Sec
t'onai prejudice, will obtain extensive circulation
ana exert a beneficial influence
raf' Oh the plan Is to invite, by an offer Of pre-
niiums, prize essays on the subjects of British
Abolition, British Commerce. British F,nancs
British Banking, and British Diplomacy, and also
on the American Tariff, American Commerce
American Banks, American Currency, and AfrI-
can Slavery. These questions it is hoped will
put in requisiton the ablest pens of the whole
country, and give to .sTHE MEDIUM" an interest
and character which will 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 contrnctions
of the British Currency, caused by overtrading and
specuatons of the British people and British
Bankers, necessarily produce rulnOus expansions
and contractions of our Currency, which enable
British 6nanciers. by the use 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 and commissions inficting 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, to authorize contracts for the
npr us of Raj lrOa do he NJ
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 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-
tions, on deposits Of Railroad securities because
such system would make the large sums in
vested in Railroads available capital and give
cheap, abundant and staple currency, and ena-
bic the farmer and the planter to obtain remu
nerating prices at home, instead ofbeing compelled
as they now are, to send the products Of their
labor to the British market, to lie 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
obliterating the lines that had heretofore created it,
"THE MEDIUM" will not be a 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 s..