WE regret that the associate press have so grossly misrepresented the late disturbance at Exeter. The Exonian gives, in substance, the following account: About one-fourth of the whole number of students in the Academy, wishing to express their disapproval of the action of the Faculty in removing two young men from the Academy, and in expelling one more of their number, went around to the professors' houses at night and gave a tin-horn serenade. After the serenade some persons who probably were not in the Academy went to the houses of two of the professors and broke some glass in the doors and windows, - a proceeding which the students did not intend should take place, which they had nothing to do with, and which all participants in the serenade wholly discountenanced. Although far from sympathizing with this open insubordination of the students, we cannot wholly exonerate the Faculty. Partly from the consciousness of their own independence, and partly from the slight restraint exercised over them by the Trustees, the Faculty of Exeter have become too arbitrary towards, and too exacting of, their pupils. There is not that close relation existing between instructor and pupil which we should like to see in a preparatory school. The instructors, while assuming the dignity of university professors, treat the scholars as boys. All are shaped for college with one machine, and the only oil used is the well-known "roughing." As long as the professors continue in this course, we cannot but predict these petty outbreaks which so injure the good name of the best preparatory school we have.