I would say like a scarf holder... a WOGGLE? She may have been in the temperance society, maybe even the scouts and it held a society scarf. Seems strange to slot it to a lead pencil.... and there would be a set for napkin holders. Also, would you personally engrave napkins holders? For me, the engraving may be given when joining the club and serves as proof of membership.
I really like the colour. Much better than the modern copper pipe rose gold.
Thanks for showing it, it is interesting.
Shiny.