From the Sutter County web site:

"Sutter County is a major agricultural center located in Northern California. Sutter County's most southern border is approximately 10 miles north of the State Capitol, Sacramento. The County, bounded by the Sacramento and Feather Rivers, encompasses 607 square miles and provides easy access to the Lake Tahoe and San Francisco areas. Mountains and lakes offering unlimited recreational opportunities are abundant. Sutter County is a general-law county with a population of approximately 77,000 and includes two incorporated cities, Yuba City and Live Oak."

The name may also be related to the Sutter whose mill in California was the site of the discovery of gold in 1848. There were probably some saloons that survived the period and had drink chips 100 years later.

...or it may be Cutter on your chip and all the above research is wasted {g}.