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How can Ullman Manufacturing Co and Sackett Wilhelms both have a copyright to 'Appeal for Teddy Bear'?

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Chances are that they both have a license to produce and use the name. But the picture was evidently created over 100 years ago, and copyrights have a limited life span, usually that of the creator's life plus x years.

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How can Ullman Manufacturing Co and Sackett Wilhelms both have a copyright to 'Appeal for Teddy Bear' and what is the Ullmann print worth?  How can Ullman Manufacturing Co and Sackett Wilhelms both have a copyright to appeal for teddy bear and what is the Ullmann print worth?