The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-04-09
rM0sfsofvs or "ras aksiUa,O
A Newspaper 70 be published Daily and Weekly

| "a -'eN"P''Pe' - "t pUOttbuSu A0uy uVu " tcNty
IN NeW York and Washington Cry.
Such has been the progress OF sectional feeling,
that a 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 TO publish in New
York and Washington City, daily and weekly
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 n
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-
NUNS, prize essays 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, it Is hoped Will
put IN requlstion the ablest pens of the whole
country, and give to ''rHE MEDIUM" an interest
and character which will for it support
| commensurate with the expenditure necessarily
incurred.
| AS the machinery of commerce aud 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 contractions
OF the British Currency, caused by overtrading and
specuations of the British people and British
Bankers, necessarily produce ruinous expansions
| and contractions of our Currency, which enable
British inanciers, 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 intlictlng at the time
severe losses by greatly deprecating 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
nal de-, If
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 1t will further advocate general
system of free banking, under State laws, on de-
posils Of bonds of the federal or State govern
ment, and, under proper guarantees and restrc-
tons, on deposits Of Railroad securities because
such system would make the large sums in
vested in Railroads available capital, and give
cheap, abundant and staple currency, and eha-
BILE the farmer and the planter to obtain remu-
neratng prices at home, instead ofbeing compelled,
as they now are to send the products of their
labor to the British Market to he 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
dusry, would consolidate the interests Of the
whole country, and abate sectional prejudice by
obliterating the lines that had heretofore 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 influ
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.