Vintage William & Mary Wool Pennant
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About 27" long. Label on back says "A Silvet Process Product, Manufactured Exclusively by Chicago Pennant Co., 6542 Cottage Grove Ave., Chicago, Ill., The Felt In This article Is Made From 100% New Wool" (this should help you date this - I'm sure they haven't made wool pennants for many years). Nice condition (some minor age soiling, 2 small pin holes and a very small chip off top on edge right above M of William).
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