This silver presentation cup is inscribed" Presented by J.Alexander to the Jefferson Grenadiers Won by John Snelley Sept.13 th 1854 " . The Jefferson Grenadiers was part of the Jefferson Guard which was first organized in 1834 and was the first German military organization of it's kind in the United States. They were incorporated into the 38th Battalion New York Heavy Artillery in 1840. My guess is that this was awarded to John Knelley in a marksmanship contest.
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