Erected in 1807, two years after the death of Horatio Nelson, 1st Viscount Nelson, victor of the Battle of Trafalgar, it was placed by his friend and sometime agent, Alexander Davison, who owned an estate centred on the now demolished Swarland Hall.
Later in life, Nelson engaged Davison as an agent to represent him at naval tribunals dealing with the distribution of the spoils of battle.
There are three inscriptions on the monument; from top to bottom: The erection of the memorial arguably represented the zenith of Davison's social standing; he was imprisoned for a year for fraud in 1808, and never recovered his position.
In contemporary times, the memorial has become obscure since the course of the road changed when the A1 passing Swarland was converted to a dual carriageway.
Davison's obelisk lies on the old A1, used only by local traffic, hidden from the main road by a stand of trees.