Published in 1893, this rare original lithographic poster by the illustrator Pablo was issued as a supplement to the French newspaper La Libre Parole under the title "Les Victimes du Panama" ("The Victims of Panama"). Produced in the aftermath of one of the greatest political and financial scandals of the nineteenth century, this remarkable satirical print stands as a powerful example of Belle Époque political caricature and the role of illustrated journalism in shaping public opinion. The poster depicts a grotesque allegory of the Panama Canal scandal, with a giant sack labeled "Panama" dominating the composition while politicians, financiers, journalists, and public figures are transformed into insects swarming around the failed enterprise. Rich in symbolism and visual satire, the image attacks those accused of corruption, bribery, and financial misconduct following the collapse of Ferdinand de Lesseps' Compagnie Universelle du Canal Interocéanique. The Panama Affair erupted after the bankruptcy of the French company charged with constructing the Panama Canal. More than 800,000 French investors, many of them ordinary citizens, lost their savings after the company's spectacular collapse in 1889. Subsequent investigations revealed widespread corruption involving politicians, financiers, and newspapers accused of accepting payments to conceal the company's financial difficulties. The scandal profoundly shook the French Third Republic and became one of the defining political crises of the era. La Libre Parole, founded in 1892 by journalist Édouard Drumont, became one of the most outspoken publications covering the affair. Although the newspaper itself is infamous today for its virulent antisemitic editorial line, it also played a major role in exposing aspects of political corruption surrounding the Panama scandal. This poster reflects that historical context and should be understood as an important document of nineteenth-century French political satire rather than an endorsement of the publication's ideology. The illustrator known as Pablo specialized in humorous and political caricatures for illustrated newspapers during the Belle Époque. His energetic drawing style, exaggerated physiognomies, and dense symbolic compositions made his work particularly effective in communicating complex political scandals to a broad audience. In Les Victimes du Panama, Pablo combines biting social criticism with the visual wit characteristic of late nineteenth-century French satirical art. Printed as a newspaper supplement rather than as a commercial advertisement, surviving examples are considerably rarer than traditional advertising posters of the period. Their ephemeral nature meant that relatively few were preserved, making original impressions highly desirable among collectors of political history, Belle Époque graphics, caricature, and nineteenth-century French prints. Today, La Libre Parole – Les Victimes du Panama remains an exceptional historical document, capturing the atmosphere of political scandal, financial collapse, and public outrage that surrounded the Panama Affair. Beyond its historical significance, it stands as a striking example of French political graphic art at the close of the nineteenth century. Original poster Politics - Caricature - Central America - Panama The victims of Panama Good condition, traces of folds
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