Original pen and ink cartoon with shading in blue pencil; 250 by 290mm. Churchill is depicted as a butcher, holding a large knife, sleeves rolled up and eyes a row of anxious looking citizens hanging before him in an abattoir. Signed Poy. Percy Hutton Fearon (1874–1948) was a British cartoonist who worked for the Evening News and the Daily Mail, where he drew under the pseudonym "Poy". He was born in Shanghai and attended art school in New York. He began his career drawing cartoons for Judy (a British satirical magazine) before joining the Manchester Evening Chronicle in 1905. He then drew for the Sunday Chronicle and the Daily Dispatch before joining the Evening News in 1913, where he would remain until 1935. From 1935 until his retirement in 1938 he drew for the Daily Mail. During his 34-year career he drew 10,000 cartoons and his characters included "John Citizen", "Cuthbert" (a First World War conscientious objector), "Dilly" and "Dally", and "Dora". As a tribute to Winston Churchill for his 80th birthday in 1954, 50 cartoons of Churchill by Fearon were published in a commemorative volume. Churchill became Chancellor of the Exchequer on 6 November 1924 and in April 1925, he controversially restored the gold standard which is held to have caused deflation and resultant unemployment with a devastating impact on the coal industry. Churchill was viewed as placing greater emphasis on aiding the more prosperous banking and salaried classes, with whom the Conservative Party was aligned, at the expense of manufacturers and exporters.