The southern press., 1852-04-17
rHosrECris on nfHi hkDiltl,Il

A Newspapert 10 be published Daily and Weekly
in Ne,o York and Washington Cay.
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 opublish 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 upon
which they rely, in support or the interests and
institutions of each, under the hope that such a
paper, conducted with fairness, moderation, and
candor, and with an earnest desire to subdue sec.
onal prejudice, will obtain extensive circulation,
and exert beneficial influence
Part Of the plan is to invite, by an offer OF pre-
NUNS, prize essays on the subjects OF British
Abolition British Commerce, Brush Finance
British Banking, and Brllsh diplomacy, and also
on the American Tariff, American Commerce,
American Banks, American Currency, and Afrl-
can Slavery. These questions, 1t Is hoped will
put in requisition the abest pens Of the whole
country, and give to "THE MEDIUM" an interest
and character which will secure for 1t a 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
runous effects of the expansions and contractons
Of the British Currency, caused by overtradlng and
| specuiatlons of the, British people and British
Bankers, necessarily produces ruinous expansions
and contractons of our Currency, which enable
British fnanciers, by the OF their credit, with
out an advance of capital to levy upon as enorm-
4 Gus sums in the shape OF profits on exchange, IN
! teres tand commissions, inhictlng at the same time
severe losses by greatly depreclating the value OF
our labor and property.
| "THE MEDIUM will advocate u modification oil
| the laws regulating mail contracts with Railroad
Companies, so as 70 authorize contracts for ths
perpetual use of Railroads. upon the payment OF
an amount of FIVE pen 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. 1t 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 CIV
a cheap, abundant and staple currency, and ena
BILE the farmer and the planter to obtain remu
nerating prices at home, instead ofbelng compelled
as they now are, to send the products OF thei
labor to the British market, to be sold there b,
British agents at British prices and becaus
such modification Of the laws regulating ma
contracts, and such a system of currency aide
by such modification of the tariff as will prever
fraud in the customs, and encourage our own IN
dustry. would consolidate the interests Of tn
whole country, and abate sectional prejudice D.
celebrating the lines that had here tofore created
"THE MEDIUM will not be party paper, but re
publican and independent, treating men, measure
and parties with a searching scutiny, guardln
with jealous vigilance the interest Of the peopi
of the United States against the dangerous infiu
ence of British Financers and British Diplomacy
TERMS.
The price of "THE MEDIUM" will be-
Two Cents per copy for the Daily, and Two Do
lars per annum for the Weekly, with REASONABLE
deduction to the Trade, to Clubs, and to Agents
March 8.