A word or two, now, of self-gratulation.--Our _prospects_ are encouraging. Our subscription list fully equals our expectations--communications are abundant--(alas! too much so, one might say, looking at the melancholy number of rejections,) and we have hardly heard one croaking voice, foreboding failure. We are confident in the assertion, that the future numbers will be superior in external appearance, and not a whit inferior in literary merit. To those who have furnished communications for the present number, we render our sincere thanks, and request a continuance of their favors. To _all_ we would extend a general invitation, ‘to send us pieces’--asking of each ‘according to his ability,’--from the gay trifling of wit, to the sober morality of wisdom--in prose, or in verse--in long, or in short. We were prevented, by divers mischances, from issuing this number on the day it was due; and the same reason will account for the absence of an intended engraving from the cover. TO CORRESPONDENTS. The communication, signed A, contains many thoughts of peculiar poetical beauty, yet we regret to see, here and there, blemishes, which materially affect its merits as a whole, and which none but the author can properly remedy. A careful correction would do away those redundancies, with which it is now encumbered, and render it of more finished excellence. For the present, therefore, it is deferred. Tuum Carmen, Grai, _‘limae labore’ deficiens_, “in cineres citissime redegimus” ☞ ‘cinis ad cinerem.’ Z’s manuscript is too _extensive_ for our limited space, and also too obscure for our mental and bodily vision. The “Musings of Adonis” are also among the “great rejected.” To use his own language, “Their beauty and fragrance,(?) “Long since in sad silence have flown, Like thistle-down, far on the gale!” “Omega” shall receive a place corresponding with his signature, by the by, one most appropriate, and withal, a fine typical emblem of the merits of his performance. The perusal of the first couplet of the “Apostrophe to the Moon” sufficed us.--“Look!--lo! behold!” “O! thou shiny orb, that careerest above-- Thy spirit how soothing,--thy light full of love!” All articles intended for No. 2, we would wish to receive at an early date, through the Post Office. PROSPECTUS OF THE YALE LITERARY MAGAZINE. TO BE CONDUCTED BY THE STUDENTS OF YALE COLLEGE. An _apology_ for establishing a Literary Magazine, in an institution like Yale College, can hardly be deemed requisite by an enlightened public; yet a statement of the objects which are proposed in this Periodical, may not be out of place. To foster a literary spirit, and to furnish a medium for its exercise; to rescue from utter waste the many thoughts and musings of a student’s leisure hours; and to afford some opportunity to train ourselves for the strife and collision of mind which we must expect in after life;--such, and similar motives have urged us to this undertaking.