re: Can anyone Identify this military style LSU cap?

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It has officer ROTC/Army insignia but the cap was made by Ostwalt, Inc who made band uniforms.

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I know Ostwalt focused on band uniforms, but there is little doubt in my mind that they could have taken some contracts in the 1940s when demand was literally off the charts. I just glanced through the 1950 Gumbo and, certainly it was in black and white and I can't see the color of the cross strap, but that cap logo is very consistent with some of the cadet officers of that era. Most of the cadets wore the regular garrison cap with the plain ROTC log in a wreath, but the officers appear to be wearing that open eagle with that LSU insignia. Certainly, your era looks right, so my best guess it is a ROTC cadet officer's cap, circa 1950.

(ETA: It does not appear consistent with band uniform hats, IMHO.)