OUR EXCHANGES.

THE rash and inconsiderate Argus, having ventured a "churlish criticism" of the Beacon, has been completely annihilated in half a column of simile, seriousness, and sarcasm. We, therefore, profiting by such an example, simply offer our congratulations to the Beacon for its peculiarly elevated style and tone. May we suggest, however, that it is not universally acknowledged that the line "Remote, unfriended, melancholy, slow," is by Shakespeare. Some persons contend that it is the first line of a lost work, "The Traveller," by an obscure poet named Goldsmith. We are in perfect sympathy with the Beacon, and only doubt whether it praises sufficiently the institution which it represents. It is absurd for the Argus to speak of local pride and petty conceit. When a great and famous University, situated within a stone's toss of Boston Common, and having a magnificent view of the State House, enjoying the inestimable advantage of inhaling the pure, moral, and intellectual ether of the Athens of America; its Senior class disporting itself in the salons of an ex-governor and an eminent lecturer, and enjoying the society of three deans, two professors, and an authoress, - when such a university feels a just pride in its advantages, and mentions them frequently in its journal, the malignant rival whose "disgusting jealousy" takes the form of "puerile gush" well deserves to be pelted with abuse, and then informed that "a man will not progress rapidly on a journey if he stops to throw stones at every cur that barks."

THE ignorance which both the Record and the Courant display in speaking of "Mr. James Cook" (meaning Rev. Joseph Cook) becomes truly remarkable when we consider that New Haven is the seat of the Yale Theological Seminary, and the place where the New-Englander is published, and that Mr. Cook, besides having passed two years at Yale, is one of the most powerful supporters of the theological views which both the seminary and the magazine represent.

THE present number of the Packer Quarterly resembles its predecessors in matter and manner, with one exception; for even in its most sublime childishness, Packer never before equalled in atrocity the title of its opening essay (or review), "Charles Lamb (Lamb Hash)."

THE Transcript of May 2 contains a communication entitled "Scepticism at Harvard; have we a Christian College at Cambridge?" We quote the following sentence, italics and all: -

"The moral standard of the College is lower than ever before in its history, and Harvard is now acknowledged to be the most immoral, extravagant, and unchristian educational institution in the land."

The writer merely states his case, but we suppose that he will offer some (he cannot offer sufficient) proof for his statements in the subsequent letters he has promised to write.