It is near the end of the Lent term at Cambridge, a raw, damp day. The grey clouds are drifting thick and low, over the flat fen country, and a fine mist is falling steadily. But for once no one seems to mind the weather. It is two o’clock, and from all the colleges the men are pouring out in groups, on their way down to the river.

Hardly a soul in the University remains behind. Even the reading men have closed their books for the afternoon, have given up their daily constitutional out beyond Trumpington, and are going down to see their college eights row.

It is the last day of the races. Along the men tramp in little knots through the narrow winding streets—talking excitedly as they go, and making many bets as to the fortune of the day—and then, across the wet grass, down to the water side.

Here those who are to row cross the floating bridge to the boat-houses, while the others walk slowly along the banks, to see the boats as they paddle by on their way down. Soon they come; John’s in its blazing scarlet, Trinity in dark blue, cherry-coloured Emanuel, chocolate Corpus, and violet Caius; Trinity Hall in its sober grey, Sidney in bright orange, and Queen’s in green.[[1]] These and many others sweep past, and the narrow river seems alive with the flashing oars.

[1]. Many of the colours have since been changed.

The men on the banks hurry now, to be up at the starting posts in time.

Some trot along for a little way, by the side of the boat they are most interested in, watching with anxious eye, the condition and form of each man, and the regular swing of the crew. Now they have arrived at the post-reach, and are clustered along the towing path, while the boats, by this time empty, lie at their respective stations. Their crews stand alongside, looking grave and anxious, and receive the final words of advice and admonition from their captains.

At length the last boat has arrived at its post, and the first gun fires. There are three minutes yet, but the men take their places in their boats, strip off the upper jerseys and comforters in which they are wrapped, and, amid a perfect babel of last words, of little speeches of encouragement and good will, from their friends on the bank, push slowly off.

The crowd on the towing-path clusters thickest round the first three boats, but our place is by the fifth, for that contains the men whose fortunes will be the subject of this story. It is Caius; before it lies Emanuel, behind it Trinity Hall, confessedly the best crew of the three. Another gun. The tumult on the bank is hushed as if by magic, umbrellas are closed, coats buttoned up, and all prepare for a start. The boats lie out in the middle of the stream; twenty of them in a long line; each with its eight stalwart oarsmen, all in white, their caps forming the only distinguishing badges. Each of the coxswains holds in his hand a rope attached to his post. These are forty yards apart, and each boat’s bow is therefore only some sixty feet from the rudder of the one before it.

There is a dead silence, broken only by voices of men on the bank counting the seconds, and by the short quick orders of the coxswains.