After 16 matches and 38 goals, the inaugural cup was won by Queen's Park who defeated fellow Glasgow club Clydesdale 2–0 in the final.
The sixteen teams that entered the competition consisted of the eight founder members of the Scottish Football Association (SFA) – namely Clydesdale, Dumbreck, Eastern, Granville, Kilmarnock, Queen's Park, Vale of Leven and the 3rd Lanarkshire Rifle Volunteers – as well as Alexandra Athletic, Blythswood, Callander, Dumbarton, Renton, Rovers, Southern and Western.
[note 1] Queen's Park had been founded in July 1867 and became the first Scottish club to join the previously solely England-based Football Association three years later.
Committee members from Queen's Park were joined by representatives from six other clubs – Clydesdale, Vale of Leven, Dumbreck, the 3rd Lanarkshire Rifle Volunteers (more commonly known as 3rd Lanark RV or 3rd LRV), Eastern and Granville – at the meeting and a letter of support was received from Kilmarnock who were unable to attend.
[8]Eight further teams joined the SFA over the next few months and subscription fees from fifteen of the members were used to pay for the trophy; the only non-contributor was Southern, which was also the last club to enter.
The home team for each tie was determined by the toss of a coin unless it was mutually agreed or only one of the two clubs drawn against one another had a private ground.
The rules specifically forbade players from kicking and hacking their opponents as well as from wearing "projecting nails, iron plates or gutta-percha" on the soles of their boots.
Those included Clydesdale, Granville, Queen's Park and 3rd Lanark RV from Renfrewshire as well as Dumbreck from Lanarkshire, Eastern from Glasgow, Ayrshire side Kilmarnock and Vale of Leven from Dunbartonshire.
A further five Glasgow clubs – Alexandra Athletic, Blythswood, Callander, Rovers, and Western – entered alongside Dumbarton and Renton from Dunbartonshire and Southern from Renfrewshire.
[12] Sources:[12] The quarter-final stage began on 8 November 1873 when Clydesdale and 3rd Lanark RV drew 1–1 at Kinning Park to set up the first Scottish Cup replay eight days later.
[20] Clydesdale then booked their place in the inaugural final a week later as they recorded a 4–0 win over Blythswood at Kinning Park.
[26] Sources:[12] After 15 matches played and 36 goals scored, the tournament culminated in the 1874 Scottish Cup final on 21 March 1874.
[27] The match, played at the original Hampden Park in Crosshill, was watched by 2,500 spectators and refereed by James McIntyre of Eastern.