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Manufactory JNL and its oblique counterpart were re-drawn from examples of a now-antique typeface used within many advertisements found throughout the pages of The American Stationer magazine, circa 1879.
The term ‘manufactory’ was popular during this era; the word being a more archaic form of ‘factory’.
There is a bit of Western flavor to this type design, as the spurred serifs and the top and bottom strokes are heavier than the vertical and mid-point stroke weights.