This is a S. Silliman & Co. Turned Wood Master Inkwell. Silliman was a specialist in wooden inkwells and it is rumored that Abraham Lincoln had one in his lawyer's office in Springfield, IL.  The inkwell has a grain painted finish and the gilt decorated eagle emblem has rubbed off except for the areas that you can see in the pictures.  It's two original blown inkwell inserts are in excellent condition and the tag on the bottom once said  “Patent S. Silliman, Chester, Con.”. It is 3.5" high with a 5.5" diameter.
Layaway is available on this item. Please email me at winterberryfarmprimitives@live.com or use the contact form here on my website to set up your layaway.