The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-06-03
PROSPECTUS OF ssTHE MEDIUM"


Newspaper 10 be published Daily and tVeekly
| IA Nsio York and Washington Gu.
Such has been the progress of sectional feeling.
that a mutual exchange of opinion between the
North and the South has become Indispensable 10
quiet the public mind and restore mutual Confidence
and good VIII.
With this view, it is proposed to publish in New
York and Washington City, daily and weekly
N ewspaper, in which the aolest 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
paper, conducted with fairness, moderation, and
candor, and with an earnest desire to subdue sec
tlonal prejudice, will obtain extensive circulation
and exert beneficial influence.
Part of the plan is to invite, by an offer OF pre-
ninms, prize essays 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 A fri
can slavery. These questions, 1t Is hoped will
put In requistlon the abiest pens of the whole
country, and give to ''THE MEDIUM an interest
and Character which will for it a 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
| ruinous effects of the expansions and contractions
specuiations of the British people and British
Bankers, necessarily produci ruinous expansions
and contractlons of our Currency, which enable
British hnancers, 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, nfictng at the same time
severe losses by greatly depreciating the value OF
our labor and property.
"IHE MEDIUM" will advocate a modification oil
the laws regulating mail contracts with Railroad
| Companies, so 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 revenues of the Department, upon
which the interest, at six per cent, would be
equal to the quarterly payments made under ex-
| listing laws 1t will further advocate a 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 restrc-
| tons, on deposits of Railroad securities because
such system would make the large sums in
vested IN Railroads available as capital, and give
a cheap, abundant and staple currency, and ena-
| bic the farmer and the planter to obtain remu-
nerating prlcesat home, instead ofbeing compelled
as they now are, to send the products of their
labor to the British market, to be sold there by
British agents at British prices ; and because
such a modification of the laws regulating mail
contracts, and such a 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
obiterating the lines that had heretofore created it
"IHE MEDIUM" will mol be 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 inhu-
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 8.