Fisher Boating Cup

This is an image of a loving cup that appeared in the July 9, 1907 Indianapolis Star. There were few details but the caption indicates that Carl Fisher was organizing a speedboat competition in the Broad Ripple villiage of Indianapolis. Fisher had a boat that he raced, which he named, "Eph." It's pure speculation on my part but I can only guess that the name was the phonetic pronunciation of the first letter of Carl's last name.