NATIONAL Democracy INDIANA

Silk ribbon promoting "National Democracy", circa 1890's. 2 1/2 x 7", in excellent condition. We believe this is an early Eugene Debs-related ribbon from his early political career in Indiana. Debs was originally a Democrat who later formed the Social Democratic Party, which became the Socialist Party. Marshall Goldberg had one of these ribbons in his collection and always swore that it was a Debs item. Additional info would be appreciated.