This is an unused book of paper Novel-Tees as produced by the Spureon Mfg Co of Chicago.  The book says there are enough tees for two games, so that would be 36. The golfer could tear out a paper tee, unfold it into shape, and place a ball on it to start each hole. 

Each tee is printed with advertising for the for the Citizens & Southern National Bank, where "No account too large, none too small." Inside the booklet this rock solid institution boasted of having  "total resources" of $75 million dollars.  Needless to say, these tees are from a while back... 

"Novel-Tees" —gotta love the name!