The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-06-15

Newspaper 10 be published Dolly and Weekly
"a NeiO York aud Washington Cay
such has been the progress OF sectional feeling,
mat a mutual exchange of opinion between the
North and the South has become indispensable 70
quiet the public mind and restore mutual confidence
and good will. s
hh thlsyiew, 1t is proposed TO publish in New
YORK and Washington City, daily and weekly
| y e~spaper, IN which the ablest writers OF both
sections may present the facts and arguments upon
when they rely, In support of the interests and
lhsuluuons OF each, under the hope that such
| paper, conducted with fairness, moderation and
siiuo'' ana with an earnest desire to subdne Sec
uohal prejudice, will obtain extensive circulation.
ana exert beneficial influence.
Part OF the plan IL to invite, by an offer of pre-
/ miumsi prize essays on the subjects of British
Abolition, British Commerce, British Finance.
British Banking, and British Diplomacy and nlso
on the American Tariff, American Commerce
American Banks, American Currency. and Arr,
can Slavery. These questions, 1T ia hoped viii
put IN requisition the ablest pens of the whole
country, and give to ssTHE MEDIUM" an il rest
and character which will secure for it q au port
commensurate with the expenditure neces Arily
incurred. r ..s. 6.- " .,....',,
AS the machinery of commerce and of c /. 10
now organized, our Banks and our CurenC1 are
The weaker parts Of the British system, anu he
ruinous effects of the expansions and contraclons
OF the British Currency, caused by overrading and
speculations of the British people and British
Bankers, necessarily produce ruinous expansjc
and contractions of our Currency, which enat ?
British hnanciers. by the use of their credit, with
out advance of capital, TO levy upon us enofrlr
Gus sums IN the shape of profits on exchange, in
teres tand commissions, intcting at the same time
severe losses by greatly depreciating the value of
our labor and property.
50 TIE MEDIUM will advocate modification of
the laws regulating mail contracts with Railroad
Companies, SO az 10 authorize contracts for the
perpetual use of Railroads. upon the payment Of
amount Ot 1--we per cent. coupon bonds, cha re-
able on the revenues of the Department, upon
which the interest, az six per cent, would be
equal TO Unexpectedly payments made under ex-
listing laws. IL will further advocate a general
sysiem 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 system would make the large sums I'M
vested in Railroads available as capital, and give
cheap, abundant and staple currency, and enn-
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, 10 lie sold there by
British agents at British prices and because
such modification of the laws regulating mali
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
oberatng the lines that had heretofore created 1t.
"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 ipfu-
ence OF British Financiers and British Diplomacy.
.ses TERMS.
The price Of "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.