EXCHANGES.

THE literary monthlies seem to be universally reverenced by the "college press," and it is but seldom that an iconoclastic exchange editor dares to make the mildest criticism on them. When he does, they don't receive it with any more humility than any of the less pretentious papers would. For instance, the University Magazine said that poetry did not flourish at Princeton. It certainly does n't. The Princeton papers scarcely ever have any verses at all, and when they do they are very bad. The Nassau Lit. feels it necessary to make some reply, and does it by saying that there is a great deal of poetry, better than any the Magazine ever publishes, in the Lit's waste-basket. To such an answer, at once a courteous criticism, an interesting fact, and a complete reply to the Magazine's captious fault-finding, what can be said?

The Spectator comments on the fact that at Cornell money-prizes are given in the athletic contests. Do the Cornell men expect to be admitted as amateurs at other sports after this? The Era answers that it's none of Columbia's business, and anyhow Cornell never had a postgraduate on her crew, - another delightfully conclusive answer. It may be interesting to some to see what the prizes are worth at Cornell. In the 100-yards dash the prize is $1; 220-yards, $2 ("reduction on taking a quantity"); 1/4 mile and 1/2 mile, $3; 100-yards run (backwards) which is certainly a novel event, $2; and so on, the highest award being $5, which is given for several events.

The Chronicle says "John Teneuil" is the "head funny man" of "London Punch." We suppose they mean Tenniel, who draws the cartoons for that journal.