Very old antique military drum

[moderndrummer1]

The photos show a very old military drum, which I think NSMD displayed in an issue from about ten years ago. The diameter is 15 3/8" and the height is 5" (not including the 1.25" wooden hoops). The bottom calf head (torn) reads, “Bordertown Military Institute, B.M.I., New Jersey.” The snares are not metal - they are a varnished rope. The drum is in excellent condition. Can you date this drum and offer an approximate value? I’d like to sell it, even though I love this drum. Thank you!