In 1874 three new schooners of heavy metal appeared upon the scene--the 'Cetonia,' 203 tons, built by Michael Ratsey for Mr. William Turner; the 'Corinne,' 162, by the same builder, for Mr. Nicholas Wood; and the 'Seabelle,' 142, built by John Harvey at Wivenhoe for Mr. Harry Taylor. They were all fast vessels, and with such a splendid fleet of schooners as 'Morna,' 257 tons; 'Modwena,' 223; 'Aline,' 215; 'Cetonia,' 203; 'Gwendolin,' 182; 'Corinne,' 162; 'Egeria,' 152; 'Pantomime,' 142; and 'Seabelle,' 142, besides others, schooner racing continued at its zenith. 'Guinevere' was not raced this year. It would be difficult to say with certainty which was the fastest vessel without a much more critical examination and record of their respective merits than it is the object of this chapter to give; but, on the whole, probably the 'Cetonia' would have been considered to have carried off the palm. Challenge cups are not popular with English yachtsmen, and some satisfaction was felt when the 'Egeria' won the Prince of Wales's Challenge Cup for the third time, thus making it the absolute property of her owner, Mr. J. Mulholland, M.P. The race had an interest of its own, from the fact that for the first time an American yacht, the 'Enchantress,' 329 tons, the property of Mr. Lubat, competed for it. Mr. Fish, the well-known American yacht-builder, had been brought over to superintend the preparation of the yacht for the contest. The entries were 'Enchantress,' 'Egeria,' and 'Shark.' The Cowes week this year was characterised by blustering winds and rain. The 'Egeria' had sailed for the Town Cup on the Wednesday, and as the weather was bad, and she had got everything soaked, the race was postponed by consent from Thursday until Friday, the 7th, to give her a chance of drying her sails. The morning broke with a strong S.W. wind, and as 'Egeria's' skipper knew well what he was to expect in the Channel, he reefed mainsail and bowsprit, and housed topmasts. Although the 'Enchantress' had to allow the 'Egeria' a lot of time, being more than double her tonnage, it was felt on board the latter that, if the 'Enchantress' got round the Shambles first, she would in all probability reach clean away and save her time: therefore that 'Egeria's' chance was to beat her adversary in the turn to windward, and so if possible increase the time she would have to receive from the Shambles home. The race was to be started at 6 A.M., and 'Egeria' was early under way, prepared, with such a wind, which kept increasing every minute, for a hard fight. To the great satisfaction of those on board 'Egeria,' the 'Enchantress' was observed soon after coming down with a cloud of canvas over her. 'Hurrah!' was the word; 'something must go before long!'