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William A. Fisher 1924 USPC
Detroit, MI Delivered to T.B. Rayl Co., Detroit, MI

William Fisher was president of the Fisher Body Corporation ("Body by Fisher").  The company was founded by seven Fisher brothers: Frederick, Charles, Lawrence, William, Edward, Alfred and Howard.

William Fisher Obituary

The seven Fisher brothers

Top row: Charles, Fred, William, Lawrence, Howard
Bottom row: Edward, mother Margaret, Alfred
The following article from 1928 details the purchase of twin yachts by the Fisher brothers (Lawrence & William). William's yacht was named the "Laura M. IV".  Since the chips were delivered in 1924, I assume the name of the yacht at that time was the "Laura M. III or maybe II"?? 

Fisher's chips were delivered to the T.B. Rayl Company of Detroit which sold tools, factory supplies and contractors equipment.