Free trade represented as a woman: the left half is a skeleton being cursed by unemployed and starving British workers; the right half is a beautiful young woman who is giving gold to importers of foreign goods. Colour lithograph by Tom Merry, 21 November 1886.

The depressed British industries on the left, suffering from free trade, include "Nail works closed", "Glass works closed", "A mine to let", "Agriculture". The foreign imports on the right, being offered by national personifications, include "American watches clock[s]", "Sweedish doors", "Belgian tiles", "Sugar", "French glass, clocks, hardware, furniture &c. &c. &c.", "Namur cutlery", "Russian corn", "German goods cheap & nasty"