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Estimate: $ 3,000 - $ 5,000
THOMAS NAST The New Hay-Pauncefote Treaty.
Brush and oil and ink en grisaille on illustration board, 1901. 585x380 mm; 23x15 inches. Signed and dated "Dec. 1901" in oil, lower right, and titled "New Hay-Pauncefote Treaty" and inscribed "Beware of the Senate!" and "But he was welcome" in oil.
The Hay-Pauncefote Treaty (named for U. S. Secretary of State John Hay and British ambassador to the U. S. Lord Julian Pauncefote) paved the way for American contruction of the Panama canal and gave the U. S. full control of the canal. It stipulated that the U. S. was to guarantee the neutrality of the canal and open the canal to all nations at fair and equal rates. The first Hay-Pauncefote Treaty, negotiated in 1900, failed to gaurantee the neutrality of the canal and was filled with such numerous amendments from the U. S. Senate that it was renegotiated the following year (thus the "New Hay-Pauncefote Treaty"). The new treaty was signed by Hay and Pauncefote on Nov. 18, 1901, and was ratified by the U.S. Senate on Dec. 16, 1901.
Nast (1840-1902) "invented" the image popularly recognized as Santa Claus, which he first drew for the 1862 Christmas season Harper’s Weekly cover.
