The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-04-28

Newspaper to be psblsShed Dsilg and Weekly
IN NeW York ewd Wssbingt0a City
such has been the progress OF sectional feeling,
mat a mutual exchange Of opinion between the
worm and the South has become Indispensable to
and good will.
With this view, it is proposed TO publish in New
York and Washington City, daily and weekly
Newspaper, IN which the ablest writers OF both
sections may present the facts aud arguments upon
which they rely, in support of the interests and
institutions OF each, under the hope that such
papS, conducted with fairness, moderation, and
.a"uor' ana with an earnest desire to subdue Sec
'ona prejudice, viii obtain extensive circulation.
anu exert beneficial influence
ii. VI Tue Pianis TO invite, by an offer OF pre-
," NUNS, prize essays on the subjects Of British
noot'on' BRUSH Commerce, British Finance
British Banking, and British Diplomacy v. and alao
on the American Tariff, American Tomn,srcs
can Slavery. These questions, il Is honsd win
put in requisition the ablest pens Of The Who'll.
country, and give to ''THE MEplum" an interest
and character which will secure for il 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
rulnous effects Of the expansions and contractions
otthe British Currency, caused by overtrading and
specuatons of the British people and British
bankers, necessarily produce ruinous expansions
and contractions Of oar Currency, which enable
British inancers, 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, infictng at the same time
severe losses ny greatly depreciatipg the value Of
our labor and property.
THE MEDiuM" will advocate 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 fve 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 nee banking, under State laws, on de-
posits Of bonds Of the federal or State govern
ment, and, under proper guarantees and restric-
lions, on deposits Of Railroad securities because
such system would make the large sums in
vested in Railroads available capital, and give
u cheap, abundant and staple currency, and ena-
BILE the farmer and the planter to obtain remu-
nerating prices at home, instead ofbeng 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 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
obterating the lines that had here tofore created it,
"THE MEDIUM" will not 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 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 8.