The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-06-09

A Newspaper 10 be published Daily a, d Weekly
IN Nep York and Huntington Cru

A Newspaper 10 DC published DAILY ~ Weekly
IN NeW York and Washington Cpy
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 mutual confidence
and good will.
With this view, it is proposed topublish in New
York and Washington City, daily aud weekly
ewspaper, In which the abest writer's OF both
sections may present the facts and arguments upon
which they rely, in support of the interests and
institutions or each, under the hope that such
/ paper, conducted with fairness, moderation, and
cndor, and with earnest desire to subdue sec
tonal prejudice, will obtain extensive circulation
ana exert beneficial influence.
Part of the plan is to invite, by an offer Of pre-
NUNS prize essays on the subjects of British
hoohtioh, British Commerce. British Finance,
BRUSH Banking, and British Diplomacy, and also
on the American Tariff, American Commerce,
American Banks, American Currency. and Afr,
can Slavery. These questions, il ia boned win
put IN requiston the ablest pens of tbr whole
country, and give to THE MLpuMr an ;n,srest
and character which will secure for il n annnort
commensurate with the expenditure necessarily
incurred.
As the machinery of commerce and of credi, ia
now organized, Banks and our Currency are
the weaker parts Of the British system, and the
ruinous effects of the expansions and contractions
of the British Currency, caused by overtradng and
specuations of the British people and British
Bankers, necessarily produce ruinous expansions
and contractions of our Currency, which enable
British fnancIers. 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 a modification of
the laws regulating mail contracts with Railroad
| Companies, so as 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 of the Department, upon
which the interest, at six per cent, would be
equal to the quarterly payments made under
listing laws IL will further advocate u general
system of free banking, under State laws, 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 FLEEING compelled
| as they now are, to send the products of their
labor to the British market, to he sold there by
British agents at British prices and because
such Il 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
obliterating the lines that had here tofore created it,
"THE MEDIUM" will not be a party paper, but
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 infu-
ence of British Financers and British Diplomacy.
TERMS
The price Of rTHE MEDIUM" will be-
Two Gents 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.