Letter

A friendly letter accompanying a copy of a new journal, Will-o-the-wisp, which Caldecott feels feels will not be a success, calling it "wretched." The satirical pen and ink drawing, under Caldecott's postscript, "I am afraid it will not come to this," shows a newsboy standing in front of a gentleman saying "'Will o' the Wisp'? All sold, sir, got a 'Punch' left, sir." On Manchester and Salford Bank stationery.