Pensive, casual pose of legendary "Rajah" Hornsby, who would notch his first of three .400+ batting seasons in 1922. This PSA VG 3 grade follows from rounding on all four corners, toning on its left edge, and perhaps that small mark on the reverse. It's an accessible version of a baseball immortal, to say the least!
E120 American Caramel was of several issues distributed by food and candy companies in the 1920s Rust Belt region. Source photos for this set came from several studios and "(C)FM" might mean the same Felix Mendelson who contributed all 200 baseball player photos for the M101-4/5 sets produced in the previous decade.