National Badge & Pennant Co.
Honestly, I've never heard of them. Which surprised me because I've become quite familiar with a half dozen different pennant makers from Chicago; and I cannot recall ever seeing one of their pennants.
Which tells me they probably never manufactured sports pennants.
The Illinois corporate registry from 1915 lists them as having incorporated as a for profit business by 1914. Here's two ads I found in the Directory and Register of Women's Clubs, City of Chicago and Vicinity (1915) and The Dry Goods Economist (1918) that list their address as 105 W. Madison St., a building in the loop that still stands today.
From the style of your two pennants I'd say either could be from the 1910s when these ads were placed.
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