well with the pool table on it * and the "brunswick" name even today well known as makers of pool tables --theres no real doubt its a pool table / pool hall type of "check" gaming token --which allowed one to play a game of pool * for 5 cents ( this was before the bar type common "coin operated" tables of today became in use )-- (pro pool hustling pool hall owners) or good players often "rented" a table for the day and walk up players played them for a token a game and "control" of the table -- the loser pays up and yeilds control of the table to the winner to play the next person in line waiting to play ,--- at days end the tokens were "cashed" out ---a good pool hustler in a busy place could easily make the wages of a normal working man --$1 a day
W E Ashton was most likely the "pool hall" owner / operator .
most likely it was for a local area pool hall -- from long ago. (say from roughly 1870 to 1900)