Help with metal Horseshoe decoration

[sandfisher1]

A fellow detectorist dug this here is Texas.
Any idea what it is for? Maybe advertising?
Baseball hat on top.
B in a diamond and
NY below
This is all the info I have.

Thank you,
sandfisher1

 

Amazon Forum Fav 👍

A History of Mining on the Kenai Peninsula, Alaska - Grab it through Amazon!

[firemanphob]

Looks like a jockey cap. Is the Belmont horse track in NY. I don't know but if it is, that could be a race related item.

 

[firemanphob]

this is not exactly the same but very close. Belmont is in NY so I think this is a possibility.

 

[Anduril]

Maybe the horse's name goes in the slot?

 

[sandfisher1]

Got It. Late 1800's Brooklyn NY note holder.
Interesting.
Thank you for your help,
Doug