Magee, John L

Description

Cartoon about the Panic of 1857 satirizing the dubious overseas departure of the Bank of Pennsylvania president Thomas Allibone preceding the failure of the financial institution in the fall of 1857. Allibone claimed he departed for Europe for health reasons with the support of the Board of Director. The board later charged he resigned while in debt $200,000 to the bank. Shows the Bank of Pennsylvania board wishing a teary-eye Allibone farewell at the "Steamer Europe Sail" wharf. The board stands on "Bank of Pennsylvania" charters and many sneer and hold handkerchiefs to their faces. To the rear of the group, a white woman "reduced to absolute want" from the bank failure, stands with her children, including a baby at her breast, and asks one of the board members "could you not through your influence, obtain me a situation as housekeeper or school teacher?" The member jeers that his influence is "for his friends" and she should get "some tickets for soup." At the front of the group, the wart-nosed, rotund head of the board, shakes Allibone's hand. He assures the departing president of the entire respect and sympathy for his "good care" of the funds of the "Board, and the Widows, and Orphans." He hopes Allibone will return with "renovated health and strength" as well as a purchased title that includes "Gentleman of the Grand Order of the Rag Mill and the Check Marked Good."; Allibone stands on several sheets of "stock" near his valises. He holds a handkerchief...

Record Contributed By

The Library Company of Philadelphia

Record Harvested From

PA Digital