This is the cover of the luxury 1812 12th edition of the famous Illustrations of Freemasonry of William Preston (1742-1818) which was first published in 1772 and revised and enlarged three years later.
The cover shows a tracing board. There are even letters saying E, S, W, N around it. Some say that the image can be found in the book, but I have not one edition (and there are many online) with the image in it. Rather it appears to have been the frontispiece of the book Masonic Miscellanies by Stephen Jones, published in 1797.
On the right you see what appears to be a shower coming down on an ear of corn. Is this a bit of an odd way to portray the second degree password or it this actually supposed to be rain coming from the cherubs up there? I have found no better explanation yet.
The cover of the 1812 edition of Preston’s book can be found online on several places.