Felt Pennant

In the early part of the 20th century, postcards and especially picture postcards were the email of the day.  Cheap, convenient, and plentiful, users sent them out by the thousands to tell loved ones that they'd arrived at their destinations, give updates on sick relatives, or just provide general folksy chat.  Manufacturers of cards went out of their way to be novel and original.  One such novelty was the felt pennant postcard. 

The pennant postcard was a stock card carried by a publisher which could be imprinted with a town or city name on request. In this case felt fabric has been cut in a pennant shape and printed with the city name then glued to the postcard.  Often, the pennant would be accompanied by a caricature of an ethnic stereotype with some "witty" saying. 

To me, the Dutch kid is somewhat reminiscent of the Alfred E. Neuman character from Mad magazine.