The 1915 pennant was made by a technique called "Applied Felt Lettering." Simply put: the individual letters were likely cut by a dye press; then glued to the felt using rubber cement. This was done to cut down on the sewing needed to sew each letter on.
The reverse bears witness to this method: there's no evidence of stitching; and after 100+ years, the rubber cement has bled through the felt.
The 1916 pennant is really cool. If this maker made a companion pennant for the '16 NL champion Brooklyn Dodgers/Robins, I've never seen it.
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