Reader, our salutation must be brief—our correspondents have left us but brief space, in which to give it thee; nevertheless, we cannot take our leave, without introducing to you the dignified personage on our title-page. ’Tis but his likeness. He has long since gone—otherwise, we should not dare take upon ourselves this familiarity; but now we may here both gaze at, and converse about him with freedom. All will readily recognize that distinguished individual, GOV. ELIHU YALE, the patron of our Institution, (whose name it bears,) and the benefactor of mankind. We have not space, were we able, to give him his deserts. Let his epitaph, written in the good old style, and being that which expresses most in the fewest words, speak for us. “Born in America, in Europe bred, In Afric travell’d, and in Asia wed, Where long he liv’d and thriv’d; at London dead. Much Good, some Ill he did: so hope all’s even, And that his soul thro’ Mercy’s gone to Heav’n.” TO CORRESPONDENTS. The “Lines to M. S.” and “A Sabbath Morning,” were received too late for insertion. They shall appear soon. The “Lover’s Avowal,” is not after the present fashion. “Little Jane” is wanting in dignity. O.’s piece is rejected. We felt ourselves somewhat endangered in the perusal, particularly in the stormy parts of it. H. and Imo, are respectfully declined. We are highly pleased with the “Dramatic Fragment.” It shall appear in our next. 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. So long as we confine ourselves to these simple objects, and do not forget the modesty becoming our years and station, we confidently hope for the approbation and support of all who wish well to this institution. * * * * * The work will be printed on fine paper and good type. Three numbers to be issued every term, each containing about 40 pages, 8vo. _Conditions_—$2,00 per annum, if paid in advance, or 75 cents at the commencement of each term. Communications may be addressed through the Post Office, “To the Editors of the Yale Literary Magazine.” * * * * *