Located in Ft. Smith, AK and Cashton, WI,  Heiser was primarily a competitor of the Marxes.  There appears to have been a failed agreement between the two parties and it's likely that these instruments were made after the two separated.  They are distinguished by simple on-color screen printed labeling rather than the colorful decals of most other manufacturers.  Although there are various shapes, most are labeled Banjolin.

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