
Ships dates from after 24 July 1887. It was drawn on a letter from William Henry Hurlbert (1827-1895) to Whistler dated 24 July 1887, in which Hurlbert wrote:
'I hope you had a charming time & have brought back "the British fleet a-riding at anchor, And Admiral Lord Nelson K C B E!' 1
The fiftieth anniversary of the coronation of Queen Victoria (1819-1901) was celebrated in 1887. Jubilee celebrations included a Naval Review at Spithead on 23 July. Whistler as President of the Society of British Artists was invited to attend. During the day he made twelve etchings, the 'Jubilee Set', as well as a watercolour and pencil sketches.

Ships, Glasgow University Library
It is catalogued in MacDonald 1995 (cat. rais.) [more] (cat. no. 1143).

Ships, Glasgow University Library
Ships at sea, flags flying.
The letter suggests that this represented Spithead, though it was not drawn there.

Ships, Glasgow University Library
The sketch is a little like the etching Her Majesty's Fleet: Evening [310]. This showed the Naval Review and was being printed by 19 August 1887.
The letter from Hurlbert was written on the first three sides of the folded sheet, and has nothing to do with the drawing upside down on the fourth side, with the incomplete and enigmatic inscription underneath it. The letter was in black ink but the sketch is in a more purplish shade of ink.

Ships, Glasgow University Library
The sketch is not really consistent with Whistler's style. It could possibly have been by Beatrice Philip (Mrs E. W. Godwin, Mrs J. McN. Whistler) (1857-1896), who married Whistler in the following year.
The sheet was folded, for postage. Holes were punched at the top outside corners, for filing. The edges are soiled.
There is no record of any exhibition.
1: GUW #02213.