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OUR EXCHANGES.

THE Amherst Student says that the finances of the various college organizations there are in a deplorable condition. Large sums of money appear to have been subscribed, but when the time for payment came, the subscribers were unable to keep their promises. The Student very sensibly requests that no one subscribe more than he is able to pay, and that payment be made as soon as possible.

A poem in the same paper is pleasing as indicating the spread of civilization in Western Massachusetts. It is a drinking-song, beginning

"Fill high with wine! Old Time's a fraud."

The Amherst papers have usually appeared to consider Lyceum lectures the only legitimate form of pleasure. This poem appears to be the first dawn of a coming day of jollity.

TWO or three articles in the Bowdoin Orient indicate that hazing is by no means unknown in Brunswick. One humorous description of an unsuspicious Freshman walking under a Sophomore's window, and being deluged with water from above, is particularly noticeable. For the last few years the tone of American college feeling on this matter has been very healthy, and it is not agreeable to perceive, in the organ of a New England college, indications of a change for the worse. In a brand-new Western institution, where boorish boys and silly school-girls are huddled together, very much as their copper-colored predecessors used to be huddled in their wigwams, such a thing might be pardonable. But in a college as old, as honored, and as Eastern as Bowdoin, the sense of the dignity of the name which Alma Mater gives them should restrain the students who are inclined to indulge in such unseemly amusements.

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PRINCETON, according to the Nassau Lit., still indulged in "cane sprees," which appear to be rough-and-tumble fights between the Sophomore and Freshman classes.

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