Launched at last! - good luck to her!' Cherub labelled '1894' smashing a bottle of champagne as he launches a large, modern ship, the Ship of State, under the banner 'Tariff Reform' with Grover Cleveland and members of his cabinet standing on the bow waving their hats; in the background, the spector of '1893' hovers over a sailing ship labelled 'McKinley Tariff'. Among those with Cleveland are Walter Q. Gresham, John G. Carlisle, Richard Olney, and either Daniel S. Lamont or Vice President Adlai E. Stevenson.