Interesting debate. I have a lot of respect for some of the folks supporting this piece, but it is undoubtedly bad in my opinion. It is consistent with the style of a known -- a relatively skilled -- Long Island forger.
* Overall it has a squat, tight, "blocky" look.
* The Ms are the same height as the "ickey" and "antle" ... they should be notably higher.
I've attached a photo of an item from the forger I suspect penned the item in question. I can state for a fact that the item in question would not pass at least one of the big three TPAs.