Should be Motto by Morris Fuller Benton, 1915
Courtesy Mike F: http://typophile.com/node/31835#comment-188167
There are two versions of Motto that I'm aware of. One is Paul Lloyd's Queen Empress. The other was digitized by Dan Solo and is available as Motto on the Dover 24 Calligraphic Display Fonts CD.
Rigth, it's really looks like Motto by Morris Fuller Benton.
Thanks.
Anybody knows if a better digital version exist?
Paul Lloyd's Queen Empress is available here: http://moorstation.org/typoasis/designers/lloyd/

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"Do you have a HD scan of this specimen?"
For this you would need to access a printed copy of the ATF 1923 book or order photocopies from a library that has it and is willing to do photocopies. You have the page numbers.
Please note that the old specimen books did not usually include a large scale character set. Rather they offered a presentation of phrases in various sizes.
The 1923 ATF book was one of the earliest to offer a character set, but only at a smaller scale. This is what is shown in the book:
Don