The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-07-29

A NsDspspsr % he pXbli.Aed Daily and Week..

A NsDspepsr 10 he Published Daily and Week.,
IN NeW York aud Washington CITY.
Such has been the progress OF sectional feeling
that mutual exchange Of opinion between tn.
North and the South has become indispensable Il
quiet the public mind and restore mutual conidenc,
and good will.
With this view, it is proposed to publish in New
York and Washington City, daily and weekly
Newspaper, in which the abest writers OF both
sections may present the facts and arguments upor
which they rely, in support of the interests anc
institutions OF each, under the hope that such q
paper, conducted with faiSaess, moderation, and
candor, and with an earnest desire TO subdue sec
tonaI prejudice, will obtain extensive circulation
and exert beneficial influence.
Par! of the plan is to invite, by an offer OF pre-
NUNS, 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 A FIJI
can Slavery. These questions, il is hoped will
put in requisition the abest pens Of the whole
country; and give to a'THE MEn1uM" an interest
and character which will secure for 1t 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
of the British Currency, caused by overtrading and
speculations of the British people and British
Bankers, necessarily produce ruinous expansions
and contractions Of our Currency, which enable
British financiers. by the Of their credit, with
out advance Of capital, To levy upon us enorm-
Gus sums in the shape of profits on exchange, in
teres tand commissions, nhctng at the same time
severe losses by greatly depreciating the value OF
our labor and property.
"THE MEDIUM" will advocate Il mod Ifcation OF
the laws regulating mail contracts with Railroad
Companies, 80 MS to authorize contracts for the
perpetual use of Railroads upon the payment OF
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. II will further advocate a general
system of free banking, under State laws, on de-
posits of bonds Of the federal State govern
meni, and, under proper guarantees and restric-
tons, on deposits of Railroad securities; because
such a system would make the large sums in
vested in Railroads available rs capital, and give
cheap, abundant and staple currency, and ena
BILE the farmer and the planter to obtain remu
nerating prcesat 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 ; aud because
such modification, of the laws regulating mail
contracts, and such system of currency aided
by such a 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
obiteratng the lines that had heretofore created IL
"THE MEDIUM" will not be party paper, but re-
publican and independent, treating men, measures
and parties with searching scuiny, 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 g.