There were 10 colors of this chip sent to E.M. O'Neil (Chicago) in 1936. Each had both red and black lettering.

This means that there were 20 different chips, all had the same inlay.

I was told that they were from an illegal club in Chicago.

I assume that the name of the club was NOT "Five Dollars". However, there were no other denominations. Any Chicago experts out there?