Image:The times panic 1837.jpg

[edit] Summary

TITLE: The times

CALL NUMBER: PC/US - 1837.C619, no. 11 (B size)

[P&P] REPRODUCTION NUMBER: LC-USZC4-12948 (color film copy transparency) LC-USZ62-8844 (b&w film copy neg.) SUMMARY: A commentary on the depressed state of the American economy, particularly in New York, during the financial panic of 1837. Again, the blame is laid on the treasury policies of Andrew Jackson, whose hat, spectacles, and clay pipe with the word "Glory" appear in the sky overhead. Clay illustrates some of the effects of the depression in a fanciful street scene, with emphasis on the plight of the working class. A panorama of offices, rooming houses, and shops reflects the hard times. The Customs House, carrying a sign "All Bonds must be paid in Specie," is idle. In contrast, the Mechanics Bank next door, which displays a sign "No specie payments made here," is mobbed by frantic customers. Principal figures are (from left to right): a mother with infant (sprawled on a straw mat), an intoxicated Bowery tough, a militiaman (seated, smoking), a banker or landlord encountering a begging widow with child, a barefoot sailor, a driver or husbandman, a Scotch mason (seated on the ground), and a carpenter. These are in contrast to the prosperous attorney "Peter Pillage," who is collected by an elegant carriage at the far right. In the background are a river, Bridewell debtors prison, and an almshouse. A punctured balloon marked "Safety Fund" falls from the sky. The print was issued in July 1837. A flag flying on the left has the sarcastic words, "July 4th 1837 61st Anniversary of our Independence." MEDIUM: 1 print : Lithograph on wove paper ; 32.7 x 48.4 cm (image) CREATED/PUBLISHED: 1837. RELATED NAMES: Clay, Edward Williams. Robinson, Henry R. NOTES: Title appears as it is written on the item. Signed: Clay fec. [Edward Williams Clay] Printed & Published by H. R. Robinson, 52 Courtlandt Street New York Entered . . . 1837 by H. R. Robinson. . . The Library's impression was deposited for copyright on July 8. Weitenkampf, pp. 48-49 Murrell, p. 150 Davison, no. 98 Munsing pp. 37-38 Published in: American political prints, 1766-1876 / Bernard F. Reilly. Boston : G.K. Hall, 1991, entry 1837-8. TOPICS: Banks and banking Bridewell Prison (N.Y.) Jackson, Andrew, bank war and fiscal policies Labor and trades, portrayed Militia and militiamen Panic of 1837 Safety Fund FORMAT: Political cartoons. Lithographs. REPOSITORY: Library of Congress Prints and Photographs Division Washington, D.C. 20540 USA DIGITAL ID: (color film copy transparency) cph 3g12948 http://loc.gov/loc.pnp/cph.3g12948 (b&w film copy neg.) cph 3a11390 http://hdl.loc.gov/loc.pnp/cph.3a11390 CARD #: app1994000038/PP

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• 1837