Original hand-inked one panel cartoon on a 9 x 11 off-white sheet. The undated cartoon shows a man who took a seat from a woman on the subway, with the caption reading, “It was a fair race, Madam, and I won.” Signed in bold artist’s pencil, “Mulligan.” Matted and framed to an overall size of 12.75 x 16.75. A uniform shade of mild toning, otherwise fine condition. RR Auction COA.