Yes, the image of the three animals and the play on words -- stop monkeying and no monkeying -- were very popular expressions, even today. That is why they made so many of the chips.

Here is a cigar box label with the image, from my web site:

Other cigar labels here:
http://www.antiquegamblingchips.com/cigarlabels.htm

Poor picture, but this is the ENGRAVED version of the chip, which is fairly scarce and desirable:

Robert