EXCHANGE In Exchanging we have a two-fold purpose, first to improve our own paper by suggestions from others and second to give ideas to our exchanges. To merely state that a paper is good, excellent, or fair is not of value for the reason that it does not properly criticise. A paper can not be judged by its size, for often page after page is filled with uninteresting material. Fellow-exchanges, your presence is appreciated. Let us criticise for the advancement of each other. Anemone Spearfish, South Dakota. The appearance of your paper could be improved by a cut heading Literary department. Clarion Appleton, Wisconsin. Your Josh department has plenty of wit. Cogswell San Francisco, California. A neat cover and good cuts are the result of earnest efforts on the part of your artists. Your Exchange department is good. In fact, you are one of our best exchanges. Gold and Blue Salt Lake City. Your jokes are good, but so many are from the exchanges. Garnet and White West Chester, Pa. Your Editorial department is worthy of mention. Kuay Seattle, Washington. Your departments are well arranged. Premier Fall River, Mass. Your Literary department is strong. Why not criticise your exchanges and enlarge your joke department. Polaris. ACORN 23 Why not arrange the minor departments under a general heading with an appropriate cut? Red and Black Salt Lake City. Your cover design is suggestive and your cuts are good. Rustler Fremont, Neb. A good Literary department. Why not use a better class of paper? In addition to these we recognize the following-Aegis, Beverly, Mass.; Aeroplane, Green Hay, Wis.; Argonaut. Mansfield, Mass.; Bellerivian, Vevey, Switzerland ; College Chips, Decorah, Iowa; Exponent, Oakes, N. D.; Herald, Holyoke, Mass.; Maple Leaf, Morristown, N. J.; Register, Burlinfiton, Vt.; Spice, Norris-town, Pa.; Tenderfoot, Salida, Col.; Utah Eagle, Ogden, Utah. "Well, Bill, w'at's the matter? You're looking worried." "Work, work, nothin' but work, from morning till night." "How long have you been at it." "I begin tomorrow." She was a girl from Vassar, He was a Princeton man, And during the summer season They gathered a coat of tan; Which caused unlimited wonder, Knockers said, "What a disgrace?" For each of the pair was sunburned On opposite sides of the face. Two Irishmen were hunting. Mike saw a bird and aimed at it. Pat yelled, "Don't shoot; the gun ain't loaded." Mike replied, "I can't help it, the bird won't wait." Isaac "How much you get for money now?" Jacob "Sh', visper. Nine per cent." Isaac "Mein Gott! What der Lord say when he looks down and sees you charging nine per cent?" Jacob "When der Lord looks down dot nine looks like a six. Aind't it?"