The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-06-22

Newspaper 20 be published DAILY aud Week.,
IN New York and Washiagton City
ouch 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, il is proposed to publish in New
York and Washington City, daily and weekly
Newspaper, IN which, the aolesi writers OF both
sections may present the facts and arguments upon
winch 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 10 subdue sec
uonal prejudice, will obtain extensive circulation
and exert 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 also
on the American Tariff, American Commerce,
American Banks, American Currency, and Afri-
can Slavery. These questions, il is hoped will
put IN requistion the ablest pens of the whole
country, and give TO ''THE MEDIUM" an interest
ana character which will secure for it 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
ruinous effects OF the expansions and contractions
of the British Currency, caused by overtradng and
specuIations of the British people and British
bankers, necessarily produce ruinous expansions
and contractlons of our Currency, which enable
BRUSH hnanciers, 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
leres tand commissions, infcling at the same time
severe losses by greatly depreciaiing the value OF
our labor and property.
HE 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 1--WE per cent. coupon bonds charge
aole on the revenues of the Department, upon
which the interest, at six per cent, would he
! equal TO the quarterly payments made under ex-
isiing laws. IL will further advocate a general
system of free banking, under State laws, on de-
! posts or bonds of the federal or State govern
nent, ana, under proper guarantees and restric-
ions, 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
nerating pricesat 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 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 tn,
whole country, and abate sectional prejudice by
obhteratng the lines that had here tofore created it
The MEDIUM" will not be a 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 nAu
ence of British Financers 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.