1.25” button with backpaper of New York firm “Kraus M’f’g. Co.” Button has a little tan stain around its upper edge but this detracts little from the beautiful real photo of the movie star “Florence Reed.” Reed, more known for her stage work, played several characters including a mother and daughter. As the woman known as “Black Panther,” she runs a gambling parlor and ruthlessly ruins mens’ lives. This drama was loosely based on the poem “Faustine” and it was the first film produced by William K. Ziegfeld, the lesser-known brother of theatrical director Florenz Ziegfeld. Only example we’ve seen.