This is a copy from W&E Treasure's "Ask Mark Parker" Feb 2001
HB
IT'S ACADEMIC
Mark, a good buddy of mine dug this button at Bentonville, North Carolina. It has an elaborate Old English "BS" on the front, and is backmarked "SCOVILL MG CO WATERBURY"; however, we haven't been able to find it in any books. Do you have any resources that might identify it?
When all else fails, I confidently consult the most comprehensive and authoritative buttons database available... Bob Edmondson! Not surprisingly, he came through in this instance, too. Your friend's find is an early version of Bingham School button from the late 1840s or early '50s. Founded by the Rev. William Bingham at Mebane, North Carolina in 1793, the school later adopted a military organization under the direction of his son, Col. William Bingham, who was succeeded as headmaster in 1873 by his brother, a former Confederate officer, Col. Robert Bingham. Following a disastrous fire late in 1890, the school moved to new facilities near Asheville, North Carolina, where it continued operating well into the 20th century. Value of the button? $100-125.