This is the only monument in the UK that celebrates America gaining independence. It was erected by Thomas Gascoigne, the 8th Baronet, in 1783. You can't read the inscription at the top of the arch in this photograph but it reads "LIBERTYI N N.AMERICA TRIUMPHANT MDCCLXXXIII".
It is said that the Prince Regent, later George IV was passing through this part of Yorkshire and was to lunch at Parlington. On coming to the arch under which he would have to pass and being informed of its purpose he declared that he would not enter the house of a man who could thus perpetuate the memory of England's defeat and immediately turned back.
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