I'd guess this wonderful horse was once part of a pull toy, or at least that it once had string reins drawn from nose to saddle on either side. Happily it stands tall and steady now on its own, and I think the hand-painted black lines against creamy white are pretty hard to beat, especially the pattern of lines on its back when viewed from above.
6 1/4" l x 4 15/16" t x 1/2" thick and in very good condition. It looks like its tail was repaired at some point, but it's very sturdy now and honestly I didn't notice it until I photographed it.