Three skiers

Unknown maker, cut anywhere from 1909 to 1920s.  Solid wood, non-interlocking, cut along color lines with 3 figure pieces spelling"TWO".  Artist also unknown.  The reference to "TWO" could be the initials of the maker or intended recipient, or possibly the 2 skiers remaining standing.  In any event, the women clearly are having a great time at a little known sport back in the early 20th. century without men around.