The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-05-10
PROSPECTUS OF ssTng nEDIUn,"

A Newspaper 10 be published Daily and Wcssly
an Nea0 York and Washington CNy.
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, 1t Is proposed to publish in New
York and Washington City, daily and weekly
newspaper, in which the ablest writers Of both
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
paper conducted with fairness, moderation, and
eahuor, ana with an earnest desire to subdue sec
nonal prejudice, viii obtain extensive circulation,
and exert beneficial influence
Fart 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 AM
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 il 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
rulnous effects of the expansions and contractions
of the British Currency caused by ovsrtrading and
speculations of the British people and British
Bankers, necessarily produce ruinous expansions
and contractions of our Currency, which enable
British lnancers. by the use 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 deprecatng the value of
our labor and property
"THE MEDIUM" will advocate modification Of
the laws regulating mail contracts with Railroad
Companies, so rs TO authorize contracts for the
an amount of five per cent. coupon bonds, charge
able on the revenu.s 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-
posts Of bonds of the federal 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
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 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 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
obIerating the lines that had here tofore created it,
"THE MEDIUM" will not be a party paper, but re-
publican and independent, treating men, measures
and parties with a 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.
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.