This is a curious little gentleman- its Santa entirely beaded with a fabric red hat. It's either a toy or an ornament. I found it mixed in with a large antique collection of ornaments this past summer. He is entirely jointed with a mellow patina. Cleverly constructed and most unusual. I bought him and another skiing Santa figure that is beaded- that I will be listing next. I think it's an American made toy- but don't know a great deal about it. I am thinking 1930's for time frame made. It's a little charmer. Measures 7" tall. The tag on the underside says The Emporium and a price of  $1.25 cents. Cute hand-painted little face.