This is a dirty clothes basket with a wood lid. It has been used for all these years so the paint is somewhat deteriorated. The wicker has a pattern. It has wood handles.
The metal with painting on it is mounted on wood. The painting is affixed to the the frame that has a burlap background. The frame itself is gold toned. The edges of painting are worn down a bit. The subjects of the painting appear to be traced on and then filled in with paint. The entire painting is covered with a glossy finish. Some of the paint used has a gold component in the color. The surface of the painting (the metal) is wavy and is not perfectly smooth.
The following history is provided by vahistorical.org:
Edward Hudson Lane (1891–1973) founded the company in Altavista, Campbell County, in 1912, at a junction of the Virginian and Southern railways, which allowed for easy transportation of materials to and finished products from the factory. After struggling through the first few years of its existence, Lane's fortunes received a boost during World War I, when the company contracted with the federal government to produce pine ammunition boxes. To meet wartime demands, Lane introduced an efficient assembly system at its factory. When the plant reconverted to the peacetime production of cedar chests, workers and management were able to adopt some of the mass production methods they had learned during the war emergency. Reaching new heights of production and prosperity in the 1920s, Lane began to advertise its products nationally. These advertisements sought to equate the ideal of domesticity with a Lane "Hope Chest," in which a young woman stored clothing or home furnishings in anticipation of marriage. This was summed up in the company's tag line: "The gift that starts the home."