We have used both the Low-Resolution Imaging Spectrograph and the HIRES echelle spectrograph on the Keck telescopes to obtain spectra of twelve candidate members of the Hyades cluster identified by Leggett and Hawkins (1988, 1989). All of the objects are chromospherically-active, late-type M-dwarfs, with H$α$ equivalent widths varying from 1 to 30Å. Based on our measured radial velocities, the level of stellar activity and other spectroscopic features, only one of the twelve stars has properties consistent with cluster membership. We consider how this result affects estimates of the luminosity and mass function of the Hyades cluster. Five of the eleven field stars have weak K I 7665/7699Åand CaH absorption as compared with M-dwarf standards of the same spectral type, suggesting a lower surface gravity. Two of these sources, LH0416+14 and LH0419+15, exhibit significant lithium 6708 Åabsorption. Based partly on parallax measurements by the US Naval Observatory (Harris et al, 1998), we identify all five as likely to be young, pre-main sequence objects in or near the Taurus-Auriga association at distances of between 150 and 250 parsecs. A comparison with theoretical models of pre-main sequence stars indicates masses of less than 0.05 M$_\odot$.

to appear in AJ, January 1999; 34 pages, (Latex format), including 10 embedded postscript figures and two tables