The credit for the "Our Gang" (a.k.a. "Little Rascals" isn't given to Booth Tarkington's "Penrod", but one has to wonder if it should be. The movies started in 1922, while "Penrod" was published just 8 years earlier in 1914. There is a collection of characters in "Penrod" which is somewhat similar as well, and the comparison works much better for me than attempts to compare "Penrod" with "Huckleberry Finn", Wodehouse's school stories, or even "Tom Brown's Education". "Penrod" is categorized as a novel, but it really is a series of short sketches put together, with no plot carrying through the entire book. The sketches are very humorous, and this is definitely another case where Tarkington has grown as a writer to produce something unlike anything he wrote before.
Unfortunately, time has not been kind to this book. The stories are still funny, but the language will be an issue for many readers. It is important to read this book with an understanding of the time in which it was written, and sadly, the young readers who might enjoy this the most are also those who will have the greatest difficulty in understanding how the language was appropriate for its time, but is completely inappropriate now. Those who are mature enough to deal with this language issue will still enjoy reading these stories, but it is a shame that it can't be appreciated as it was when it was written.
As I indicated before, this book should not be compared with Twain or Wodehouse. Tarkington was nowhere near the writer that Twain was, and these stories lack the substance that can be found in Twain's work. Wodehouse's school stories are not as comedic as his later work, and the students in them are older than the characters that Tarkington creates in "Penrod", which makes those stories completely different than what Tarkington has created. These stories can still be appreciated for what they are, though, and even if one winces at the words now and then, they are very enjoyable.