The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-07-26


ssspsysv to b published Dsily and Weekly
u NsU York and Washington City.
= has bssn the progress of sectional feeling
muanAl exchange Of opinion between the
and the South has become indispensable TO
The public mind and restore mutual confidence
.ood will.
iih this view, it is proposed to publish in New
and Washington City, daily and weekly
npaper, in which the ablest writers Of both
bns may present the facts and Arguments upon
they rely, in support Of the interests and
aatiOns Of each. under the hope thai such a
!, conducted with fairness. moderation, and
pr, and with an earnest desire TO subdue sec
prejudice, will obtain extensive circulation,
Exert beneficial influence.
1t of the plan il to invite, by an offer Of pre-
BE-, prize essays on the subjects Of British
iaion, British Commerce, British Finance,
ID Banking, and British Diplomacy. and also
he American Tariff, American Commerce,
eican Banks, American Currency, and Afri-
Slavery. These questions, it is hoped will
In requisition the ablest pens Of the whole
try, aud give to "THE MEDIUM" an interest
character which will secure for 1t support
nensurate with the expenditure necessarily
RED.
the machinery of commerce and Of credit is
organized, our Banks and our Currency are
weaker parts Of the British system, and the
BUS effects of the expansions and contractions
9 British Currency, caused by overtrading and
ulations Of the British people and British
kers. necessarily produce ruinous expansions
contractions of our Currency, which enable
tsh 6nanciers, by the use Of their credit, with
IN advance Of capital, to levy upon us enorm-
sums in the shape Of profits on exchange, IN
tand commissions, intiictng at the same time
ttx, dor nj p Of
labor and property.
The MEDIUM" will advocate modification of
laws regulating mail contracts with Railroad
npanies, so as to authorize contracts for the
betual use Of Railroads upon the payment OF
amount of five per cent. coupon bonds, charge
on the revenues of the Department, upon
oh the interest, at six per cent, would be
'al to the quarterly payments made under ex-
he laws It will further advocate a general
|tem Of free banking, under State laws, on de-
Its of bonds of the federal or State govern
bit, and, under proper guarantees aud restrlc-
be-. on deposits Of Railroad securities; because
h system would make the large sums in
ted in Railroads available as capital, and give
heap, abundant and staple currency, and ena
the farmer and the planter to obtain remu
|ntine prices at home, instead ofbeing compelled
khev now are, to send the products Of their
|or 70 the British market, to be sold there by
|tish agents at British prices !; and because
In modification of the laws regulating mail
ltracts, and such system of currency aided
such modification of the tariff as will prevent
nd in the customs, and encourage our own IN
Dtry, would consolidate the interests Of the
lole country, and abate sectional prejudice by
iteratng the lines that had heretofore created It,.
THE MEDIUM" will not be a party paper, but re-
blican and independent, treating men, measures
parties with searching scutiny, guarding
III jealous vigilance the interest Of the people
the United States against the dangerous infu-
e of British Financiers and British Diplomacy.
TERMS.
The price Of "TdE MEDIUM" will be-
70 Cents per copy for the Daily, and Two Dol
8 per annum for the Weekly, with reasonable
iucton to the Trade, to Clubs, and to Agents
March 8.