A little present in the form of an axe handle bearing the message, "Until we meet again," was received by Stanford Steinbeck yesterday. Appended to the inscription were the initials J.A.R., which correspond to John Arthur Reynolds, president of the U.C. student body. Steinbeck believes the handle is a hoax rather than the one broken from the one broken from the axe when it was taken from California and thinks that Reynolds' initials were attached to it by some unknown person.