The southern press., 1852-07-13
PROSPECTUS OF "THE MEDIUM"

A Newspaper IN be published Daily and Week.,
in Neto York aud Washington Cuy
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 restore mutual confidence
and good will.
With this view, it is proposed to publish in New
York and Washington City, daily and weekly
N ewspaper, in which the ablest 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 fairness, moderation, ant
candor, and with an earnest desire TO subdue sec
lonal prejudice, will obtain extensive circulation
and exert a beneficial influence.
Part of the plan is to invite, by an offer Of pre-
miums, prize essays on the subjects of British
Abolition, British Commerce, British Finance
British Banking, and British Diplomacy, and alsC
on the American Tariff, American Commerce
American Banks, American Currency, and Afn
can Slavery. These questions, il is hoped vii
put in requisition the abIest pens Of the Who'll,
country, and give to .'THE MEDIUM" an interes
and character which will secure for it support
commensurate with the expenditure necessarily
incurred.
As the machinery Of commerce and of credit il
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 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, INJECTING at the same time
severe losses by greatly deprecIating the value Of
our labor and property.
"THE MEDIUM" will advocate modification oil
fba la With Rail
Companies, so as TO authorize contracts for the
perpetual use Of Railroads upon the payment oil
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.
isting laws. Ii 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 restric-
tons, on deposits Of Railroad securities because
such a system would make the large sums in.
vested in Railroads available as capital, and give
cheap, abundant and staple currency, and ena.
BILE the farmer and the planter to obtain remu
neratng prices at home, instead ofbeing compelled
a. 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 mai
contracts, and such a 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 thu
whole country, and abate sectional prejudice by
oberating the lines that had heretofore created 1t
"THE MEDiuN" will not Be party paper, but re
publican and independent, treating men, measures
and parties with a searching scutiny, guarding
with jealous vigilance the interest Of the peopl,
Of the United States against the dangerous inhu
ence Of British Financiers and British Diplomacy
TERMS.
The price Of 1.-THE 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 3.