Believe it or not, this really is original art from an 1890's comic book.
Comic Cuts was arguably the first successful Victorian Age or Platinum Age comic book. Begun in 1890, it continued until 1953. Like
Famous Funnies, it originally consisted of reprints of comics except that, since comic strips hadn't been invented yet, it reprinted comic panels like this one. In the beginning, it relied mostly or exclusively on pieces from America. This explains why, despite it being a British magazine, the dialect is American. Presumably, they replaced "lawyer" with "solicitor" or "barrister" in their published version.
If you compare this with "1890's Lord Dare by Davis", in this same gallery, which has been definitively dated to 1898, you see the same kind of puffy shoulder small bustle dress on her and slick hair with a moustache turned up at the ends and other similar markers to date it. I'm thinking more 1894 for this, but it is definitely 1890's. I've had no luck tracking down the artist, but the signature looks familiar.
The joke is very dated as is shown on the reverse. No kissing without at least an engagement ring? What would they think of the women of today?
