COMPARATIVELY few undergraduates are aware that there are in the possession of the College two fine cups which were intended to be put up yearly as prizes for the boat-races. One of them, the Beacon Cup, was gained, long ago, from the Union Boat Club, and has since remained with Harvard. It was contested for, during a number of years, by the Class crews, and is now covered with the names of its winners. The other was presented by graduates - whence its name - in 1872, and was meant to be the principal prize in our annual races. For several years, however, it has not been put up at all; and it bears no record of the few crews who have won it. We have, then, for our races, two valuable cups which have been for some time occupying an almost unknown grave in the safe at the Bursar's office. They have been recently brought to light, and are now to be completely disinterred and again devoted to their proper use as prizes in the Spring Races. The Graduates' Cup, which is much the larger, and is altogether quite an elegant article, is to be the prize for the six-oar race, and the Beacon Cup for the four-oar. Both cups will be placed on exhibition before the time of the races; and it is intended to affix to each a parchment, on which will be transcribed, each year, the names of the members of the respective victorious crews.