Artiphon (Germany) / 1919
artiphon.record.gif
Corporate background: 
Thanks to Chris Zwarg, who supplied the following info:

“The Artiphon company was founded in 1919; your picture shows their first variant of label, current in 1919-1920.

“The next style, chronologically, had a green background with the same logo and typography as yours, then (mid-1920s) came a dark-blue label with a prominent white letter A as a logo, and finally (early 1930s) a purple label with gold print.

“The company went bankrupt during the depression in early 1932.“
Design: A shadowed ‘Gothick’ with blobby-serifed mock-medieval decorated initials.

The baseline of the word ‘Artiphon’ follows a gentle arc, the letters retaining their vertical emphasis rather than being splayed outward from a central radius.

The fat underlining ‘Coca Cola’ style swash was a popular graphic at this time (see also the Federal label).
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