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No idea, but I like old ads like this one. There was a certain eloquence to them that is, IMO, sadly lacking in modern advertising. When was the last time you heard clothing described as having an, "aristocracy of style"?
The Banister Shoe Co. was bought out by the Stetson Shoe Company. They became their step up, more style oriented line. My father used to sell both lines of their shoes until the late 1960's. I assumed that being an American made shoe, they became uncompetitive and went out when the Stetson shoe company went out.They were a very nicely made shoe!