[The Proprietors of "Punch" have given special permission to reproduce the accompanying illustrations. This is the first occasion when a periodical has been enabled to present a selection from Mr. Punch's famous pages.]

Part II.—1850 to 1854.

ome while ago, in the pantomime "Ali Baba and the Forty Thieves," Ali Baba's brother, who had found his way into the secret cave, ran about in a most ludicrous manner eagerly picking from the floor diamonds, rubies, and emeralds as big as ostrich-eggs: as fast as he picked up another gem he let one fall from his already loaded arms. I laughed at Ali Baba's brother, but did not feel sympathetic.

1.—THIS INITIAL LETTER "L" IS SIR JOHN TENNIEL'S FIRST "PUNCH" DRAWING; NOVEMBER 30, 1850.

Now, I do not laugh, and I do feel sympathetic with A. B.'s brother—for in choosing these pictures from Punch, one no sooner picks out a gem, with an "I'll have you," than on the turn of a page a better picture comes, and the other has to be dropped. It goes as much against my grain to leave such a host of good things hidden in Punch as it went against the covetous desires of Ali Baba's wicked brother to leave so many fine big gems behind him in the richly-stored cave. However, Mr. Punch's whole store of riches is, after all, accessible to anyone whose Open Sesame! is a little cheque, and so one has some consolation for being able to show here only a very small selection from Mr. Punch's famous gallery of wit and art which that discerning connoisseur has been collecting during the last sixty years.

The year 1850 was a notable one for Punch, for then John Tenniel joined the famous band of Punchites. His first contribution is shown in No. 1, the beautiful initial letter L with the accompanying sketch, which, although it is nearly fifty years old, and is here in a reduced size, yet distinctly shows even to the non-expert eye the touch of that same wonderful hand which in this week's Punch (November 26th, 1898) drew the cartoon showing Britannia and the United States as two blue-jackets in jovial comradeship under the sign of the "Two Cross Flags," with jolly old landlord Punch saying to them, "Fill up, my hearties! It looks like 'dirty weather' ahead, but you two—John and Johnathan—will see it through—together!"

2.—JUSTIFIABLE HESITATION. 1850.