The southern press., 1852-07-03
Prospectus or arHE MEDIUM.

A Newspaper TO be published Daily and Weekly
in Neio York and Washington City.
Such has been the progress of sectional feeling,
that mutual exchange 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, il is proposed topublish in New
York and Washington City, daily and weekly
N newspaper, in which the ablest 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 a
candor, and with an earnest desire TO subdue sec
tonal prejudice, will obtain extensive circulation,
and exert beneficial influence.
Part of the plan is to invite, by an offer OF pre-
miums, 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 APri-
can Slavery. These questions, it is hoped will
put in requisition the ablest pens of the whole
country, and give to ''THE MEDIUM" an interest
and character which will secure 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 contractions
of the British Currency, caused by overriding and
specuIations Of the British people and British
Bankers, necessarily produce runous expansions
and contractions of our Currency, which enable
British fnanciers. 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 tand commissions, inicting at the same time
severe losses by greatly dsprecatng the value O
/ our labor and property.
THE MEDIUM" will advocate modification o
the laws regulating mail contracts with Railroad
| To- IN fhari1 acts for
perpetual use Of Railroads upon the payment o
an amount of five per cent coupon bonds, charge
able on the revenues of the Department, upoi
which the interest, at six per cent, would b.
equal to the quarterly payments made under ex
| listing laws. 1t will further advocate genera
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
| tions on deposits Of Railroad securities because
! such system would make the large sums in
vested in Railroads available as capital, and Civ
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 thei
! labor to the British market, to be sold there b,
British agents at British prices and becaus
such modification of the laws regulating mai
contracts, and such a system of currency aidet
| by such modification of the tariff as will proven
| fraud in the customs, and encourage our own IN
| dustry, would consolidate the interests Of tn
whole country, and abate sectional prejudice b!
celebrating the lines that had heretofore created 1t
"THE MEDIUM" will not be party paper but re
publican and independent, treating men, measure
and parties with a searching scutiny, guardin,
with jealous vigilance the interest Of the peopl
Of the United States against the dangerous infu
ence of British Financiers and British Diplomacy
| " TERMS. 49,. -.
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. .. .|-.-