The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-05-15
PROSPECTUS or .rnE nEpsrn,.
A Newspaper to be published DALI and Week

Newspaper 10 be published Daily and Weekly
a. Neo York and Washington City.
ouch has been the progress Of sectional feeling,
mat mutual exchange of opinion between the
North and the South has become indispsnsable 10
quiet the public mind and restore mutual Confidence
and good will. r. n
\, win this view, 1t is proposed to publish in New
= rk ana Washington City, daily and weekly
newspaper, IN which the ablest writers OF both
ae.uohs may present the facts and arguments upon
~n,on ,hey rely, IN support OF the interests and
institutions OF each, under the hone thai such
paper conducted with fairness, moderation. and
c""ooi' ana with an earnest desire to subdue Sec
uonal prejudice, will obtain extensive circujatio,
and exert a beneficial influence
Part Of the plan is to invite bv nm or.r ~ ,rs
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 All
can Slavery. These questions, it 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 it 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 overtrnding and
specuiations Of the British people and British
Bankers, necessarily produce runous expansions
and contractons of our Currency, which enable
British fnanciers. 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, infcting at the same time
severe losses by greatly depreciating the value of
our labor and property. eG
The MEDIUM" will advocate modification Of
the laws regulating mail contracts with Railroad
Companies, SO as to authorize contracts for the
nE RnIIr aIa -
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 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 restrc-
TONS, on deposits Of Railroad securities because
such 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 pricesa home, instead ofbeing compelled,
az 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 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
obliterating the lines that had heretofore created it,
"TnE MEDIUM" will not be party paper, but
publican and independent, treating men, measures
and parties with u searching scutiny, guarding
with jealous vigilance the interest Of the people
Of the United States against the dangerous inAu-
ence Of British Financsrs 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, apd to Agents.
March 8.