OLPHANT, 'I HAVE GOOD NEWS AND BAD NEWS...', INK AND BODYCOLOUR, 1974

216 by 381mm., pen and ink with bodycolour over printed base, signed and inscribed with publication details, inscribed ‘for Hewison (himself) with best wishes from Pat Oliphant – 1974’ below mount, mounted, framed and glazed

The Estate of William Hewison EXHIBITED:
‘The Americans Are Coming’, Chris Beetles Gallery, 5-30 May 2015

The Denver Post, January 1974

Condition is described in the main body of the cataloguing, where appropriate.
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue.
NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."

In the early months of 1974, there were mounting fears in the United States of an impending recession. In January, the Senate had begun to debate the possibility of tax reductions, with ideas discussed by the Chairmen of the House and the Senate Tax-Writing Committees. However, all had differing ideas about who should get tax relief, be it individuals or businesses tailored to stimulate investment in new facilities by industries. As a result, an attempt to pass a Bill cutting income tax was delayed as America plunged further into recession. It was April 1974 when it was announced by Democratic Senators Edward Kennedy and Walter Mondale would push for a $5.9 billion income tax cut, in an attempt to bolster buying power. However, in June, the Bill was overwhelmingly defeated in the Senate by a vote of 65 to 33.