Depicting a scene from "Oliver Twist" by "Boz", a.k.a. Charles Dickens. Having drawn the Bumbles into his plot, Monks has apparently triumphed by destroying any proof of Oliver's being Edwin Leeford's legitimate heir: the locket and wedding ring.
Illustration from Bentley's Miscellany, Volume II. This item is from the American edition, published by Jemima M. Lewer, which contains July 1838-December 1838.