ALL action respecting Yale's challenge was delayed till Professor Agassiz could be conferred with; and accordingly the matter now stands substantially the same as it was left last week. Professor Agassiz has now returned to Cambridge; and after consulting him, steps will be taken to ascertain what position Yale means to maintain in regard to the groundless and insulting charges she has seen fit to make against the referee of our last race with her. We think that in this matter the general sentiment of Harvard is as follows : Yale is, above all other colleges, the one with which we wish to row, and in order to secure a race with her, we would be willing to do everything and submit to everything that gentlemen could be expected to do or to submit to; but Yale has now entirely overstepped the bounds of propriety and decency, and so long as she occupies her present position, a race with her is, to Harvard, an impossibility. For the disgraceful remarks of one of her papers, of course we cannot hold her accountable; and, moreover, the comments of the Record have already shown that this bombast and vituperation on the part of the Courant did not, by any means, express the sentiment of the College. But the deliberate charges made by their captain in a speech at a regular meeting of the Yale Boat-Club are the utterances of a responsible and representative person, and for these it is that we hold Yale accountable. Till they are retracted or, at least, explained and excused, we ought not to row with Yale.