The binding had torn away at the bottom.
These sites tell about the redwork style.
Redwork Embroidery History: From Tea Towels to Quilts, Womenfolk
History of Redwork, Redwork Plus
History of Redwork, The Quilter Community
Here are detail shots of the blocks. There are initials or a first name in the center block, and no date. I would guess that the quilt was made in the first decades of the 20th century. Redwork designs have a gentle happiness to them, don't they?