I have two points.
1. This is the first Spangler signature I have ever seen on a Lefever that is outside the main "portrait window." That includes one other C grade. But that said, it does look like his signature.
2. Loy has got to be the most over-attributed of all American engravers. Either because of the spurious "hidden initials in the border engraving" association, or because people haven't seen enough of his signed (i.e. confirmed) work. The snouts on his pointers are UNMISTAKEABLE. No other engraver that I have seen did broad and upturned pointer snouts like he did.
My 2 cents...having no reason to suspect otherwise...it's Spangler's work. I generally judge his by his fluffy, soft light setters.
NDG
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