This is a delightful little, 7 1/4" tall wooden toy by Vandor, Japan. It is appears to be Paul Revere riding this rocking horse with straw tail and mane. The horse is about 4 1/4' long. It has painted features as does the rider, who has a removable head. It company name is on a sticker at the back of the horse.
Quite unusual and fun. Where do you find one like it? Nice in a display of dolls or toys representing the same period of time.
Please as questions if you have them.