The circumstances surrounding this clearly satirical newspaper, and its relationship with The Signal, remain partly unknown. However, it probably relates to a student production of the comedy "Beggar on Horseback" by George Kaufman and Marc Connelly. The rather morbid cover story seems to be a riff on the events of the play, with students appearing under the names of the characters they played. Other "news" stories appear throughout, alongside "advertisements" with the names and members of school organizations, as well as illustrations. Several advertisements related to buying bonds to support the United States in World War Two also are present. No transcription.