Saturday, June 16, 2012

Dana Fradon Explains the Term "Substantial Penalty for Early Withdrawal"

Here cartoonist Dana Fradon helps to explain that ubiquitous banking term "substantial penalty for early withdrawal" which seems to show up at the end of financial advertising. The cartoon was published in 1975 in The New Yorker. The original artwork is mounted in a damaged mat and is therefore itself in uncertain condition. It was sold on eBay in March with the Buy It Now feature for a trivial sum.
"And here's an extra 'substantial penalty' for the early
withdrawal of your time deposit!"

Dana Fradon
Original artwork
The New Yorker, January 20, 1975, page 90

Verso

Dana Fradon
eBay Winning Bid

Dana FradoneBay Item Description


"And here's an extra 'substantial penalty' for the early
withdrawal of your time deposit!"

Dana Fradon
Original artwork
The New Yorker, January 20, 1975, page 90
[End of eBay listing]

"And here's an extra 'substantial penalty' for the early
withdrawal of your time deposit!"

Dana Fradon
The New Yorker, January 20, 1975, page 90

"And here's an extra 'substantial penalty' for the early
withdrawal of your time deposit!"

Dana Fradon
The New Yorker, January 20, 1975, page 90


November 16, 2019 Update:  Jerome Wrinkle writes with an interesting postscript. (He occasionally writes about himself in the third person.)
I have attached scan of the original drawing, verso and the cartoon as it is now matted. It is now hanging in the cloak room of the Wrinkle Building lobby...
The cartoon as presented on eBay was badly matted and in what I would call a "dime store frame." Sometimes, Mr. Wrinkle will buy a framed cartoon but as you know, it is a gamble as there is no telling how the drawing has been attached to backing board. In this case it was lightly attached and once removed from its original frame proved to be in excellent condition--clean and bright. It is unevenly trimmed, as if it was cut from a larger sketchbook sheet.

The caption is not penciled beneath drawing. I was wondering if this meant that the gag was a product of a so-called "idea man"--do you know? 

I do not. I am also struck by the absence of the usual markings on the back of the artwork.

"And here's an extra 'substantial penalty' for the early
withdrawal of your time deposit!"
Dana Fradon
Felt tip marker, white-out and ink wash on 7 3/4" x 11" on heavy paper
The New Yorker, January 20, 1975, page 90
Scan by Jerome Wrinkle

Verso
Scan by Jerome Wrinkle

"And here's an extra 'substantial penalty' for the
early withdrawal of your time deposit!"

Dana Fradon
Felt tip marker, white-out and ink wash on 7 3/4" x 11" on heavy paper under matte
The New Yorker, January 20, 1975, page 90
Scan by Jerome Wrinkle


Note:  I want to thank Jerome Wrinkle for allowing me to update this post with new information and world-class scans. This post's ugly duckling has become a beautiful swan.

Readers are welcome to follow in Jerome's footsteps. I will update any post on this blog with significant new insights or better scans.

My previous blog entry on original cartoon artwork from The New Yorker can be found here. I'm afraid there is a substantial penalty for not reading it.

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