The southern press., 1852-05-15
PROSPECTUS OF orHE nEDmn..

4 Newspaper TO be published DAILY and Week,y
! ~. AeD York and Washington Gu.
ouch has been the progress of sectional feeling,
| .nat mutual exchange Of opinion between the
worm ana 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 aud weekly
ewspaper, in which the abiest writers OF both
sections may present the facts aud arguments upon
which they rely, IN support of the interess and
| Institutions OF each, under the hope that such a
paper, conducted with fairness moderation, and
cahdor, and with an earnest desire to subdue see
lonal prejudice, will obtain extensive circulation,
aud exert beneficial influence.
| Part OF the plan is to invite, by 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 Ahi-
| can Slavery These questions, il is hoped will
put IN requisltion the ablest pens of the whole
| country, and give 10 "THE MEDIUM" an interest
| aud character which will secure for 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 contractons
of the British Currer cy, caused by overtrading and
Bankers, necessarily produce ruinous expansions
and contractions Of our Currency, which enable
British nanc ers, 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 inhicting at the same time
severe losses by greatly depreciating the value of
our labor and property.
| The 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 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 general
system Of free banking, under State laws, on de-
posits 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 in
vested in Railroads available as capital, and give
a cheap, abundant and staple currency, and ena-
BILE the farmer and the planter to obtain remu
nerating prices at home, instead ofbeing compelled.
as they now are, to send the products of their
labor to the British market, to lie sold there by
British 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
, fraud IN the customs, and encourage our own in
dustry, would consolidate the interests Of the
whole country, and abate sectional prejudice by
obiterating the lines that had here tofore created
"THE MEDIUM" 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 peopl,
Of the United States against the dangerous nfu
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 8.