Done in haste and with indifference I might guess this is a body tag for marking the big toe of one W. M. Petit, a member of the Odd Fellows, who would be awaiting a tombstone with the correct fraternal order to be carved. If intended as a civilian ID for someone proud to be an Odd Fellow, I would expect better craftsmanship. It is just a little too utilitarian to do a (living) body any honors. The hole for suspension is also somewhat large allowing a bolt attachment or thick wire rather than a fine bale to serve as link to a chain. It may have been given with ashes from the mortuary if that was the wish of the departed, and saved after scattering, so in a sense it did belong to him.