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See The Chicago Cluster for more probably-related cameras and "companies"
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The Spencer Co. is a company name seen on some cameras originating from Chicago, Illinois, USA. It is one of the tangle of related brands including Spartus, Monarck, etc. all located on W. Lake Street[1], in the middle decades of the 20th century.

A few cameras appeared under the Spencer brand:


  1. In this 1947 ad for Spartus cameras, note "The Spencer Company" at 715 West Lake Street is shown as the company name at the bottom of the page.