The prospects of the new bimonthly humorous paper seem very bright. Not only the students but several members of the faculty have shown their confidence in the new venture, by becoming stockholders. At the first meeting, held Saturday afternoon, nearly every stocktiolder was present, and much interest was manifested. Addresses were made by Profs. Scott and Drake. The sentiment of the members of the association, as expressed, was against grinds or personal cuts of any sort, and the endeavor will be to make the paper as readable and enjoyable to the alumnus as to the undergraduate. A constitution was adopted, one of the most important provisions of which determines the limitation of stock held by any one person to five shares. The question of allowing tock to be held outside of the Uniyersity was postponed pending in'estigation. The following officers were elected Saturday : President, Prof. J. B. 3rake; secretary and auditor, B. F. Wollman; treasurer and business manager, H. H. Smith; directors and advisory board, Prof. F. N. Scott and Mr. Weeks; board of edtors, H. Williams, R. L. Wagner, H. H. Smith, J. L. Lorie, W. C. Bolles and G. W.