THE LEECH, Union College, Schenectady, New York, July, 1864  This short-lived title has an unusual masthead showing two men facing away from viewer. Much of the content is directed at L.P. Hickock, referred to at one point as "Old Hick," and the last page contains a review of Hickock's Rational Cosmology.
Only this single issue--volume 1, number 1--is known to have been printed. An item at the bottom of the last page would seem to confirm this: "Valedictory" "We now take leave of the public. If the evils we have reproved are not remedied, we shall draw more blood next year; for the present we are full and now top off; we, a leech, have got through sucking asses." 
This issue is offered by another dealer for $175.
Twelve pages, 9 1/2 by 12 inches, never bound nor trimmed with wide margins, some ink stains and dirtiness to the front page only, minor fold perforation to the front leaf. Interior pages are nice.

Background: The Leech (Vol. 1, No. 1, July 1864) represents an exceptionally rare artifact of 19th-century American collegiate satire—a sub rosa "bogus paper" produced by Union College students in Schenectady, New York, with only this single issue known to have ever been printed. Spanning twelve pages and distinguished by an unusual masthead illustrating two men facing away from the viewer, the publication directs its sharpest lampoons toward Laurens Perseus Hickok ("Old Hick"), who was serving as acting president during the twilight of Eliphalet Nott's legendary tenure. Notable for containing an irreverent student critique of Hickok’s major philosophical treatise, Rational Cosmology (1858), the document's ephemeral status is explicitly sealed on its final page by a startlingly vulgar "Valedictory" note: "We now take leave of the public... for the present we are full and now top off; we, a leech, have got through sucking asses." This unsparing piece of Civil War-era ephemera captures an uncommonly candid, ephemeral glimpse into 1860s student rebellion and institutional protest.