Edward Imeson Horsman opened a toy company in New York city, NY USA (1865-present) and became a leader in the toy (and especially dolls) industry.
In the early years they produced the trademarked name of 'Babyland Rag Dolls' an all cloth doll, a variety of mama and baby composition dolls wearing wigs, molded or painted hair, sleep or painted eyes. About 1909 they used a new formula to make 'Can't break Em' dolls like the Billiken. In 1930 the Horsman company acquired the Louis Amberg & Son doll company (their competitor) and continued to produce some of their dolls notably the Vanta Baby.
In October 1933 Horsman was purchased and became a subsidiary of the Regal Doll Manufacturing Company, by the 1980's the Horsman name was sold to an Asian company and produced dolls under the name 'Horsman Ltd.'. Today the dolls are made in Hong Kong.
Some Horsman doll markings:
What's it worth? Take a look at this Horsman price guide: sold listings for a value indication.