The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-05-20

A Newspaper 10 be published Daily aud Weekly
~ Neu York and Washington Cay
ooch mas been the progress OF sectional feeling,
tnat 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, ii is proposed to publish in New
York and Washington City, a daily and weekly
N ewspaper, in which ethe ablest 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
paper, conducted with fairness, moderation, and
candor, and with an earnest desire to subdue sec
tional prejudice, will obtain extensive circulation
and exert beneficial influence.
Part Of The plan Is TO invite, by an offer of pre-
iAiums, prize essays the subjects of British
Abolition, British Commerce, British Finance
britSh Banking, and British Diplomacy, and also
on the American Tariff, American Commerce.
American Banks, American Currency, and Airi-
can Slavery. These questions, it is hoped will
put IN reqaisiton the ablest pens of the whole
country, and give to "THE MEDIUM" an interest
anu character which will secure for it Il support
commensurate with the expenditure necessarily
incurred ~
AS the machinery of commerce and of credit is
no" 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 BRUSH Currency caused by overtrading and
specuiations of the British people and British
Bankers, necessarily produce ruinous expansions
anu contractlons of our Currency, which enable
BRUSH hnancIers. 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 iniicting at the same time
severe losses by greatly deprecatng the value of
our labor and property.
"THE MEDIUM" will advocate a modification of
the laws regulating mail contracts with Railroad
Companies, 30 al to authorize contracts for the
perpetual use OF Railroads upon the payment OF
an amount OF hve per cent. coupon bonds, charge
able on the revenues of the Department, upon
winch the interest, at six per cent, would be
equal TO the quarterly payments made under ex-
lsting laws. Ii will further advocate a general
system Of nee banking, under State laws, on de-
posts OF bonds Of the federal or State govern
tnent' 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 as capital, and give
cheap, abundant and staple currency, and ena-
Die 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 he sold there by
ori'sh 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
iaud IN the customs, and encourage our own in
dustry, would consolidate the interests Of the
whole country, and abate sectional prejudice by
celebrating the lines that had heretofore created il
! "IHE MED,uM" 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 Fnanciers and British Diplomacy
TERMS.
The nrica IF NTTJE MEDJTra6 iii L.
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,