This lantern was produced by Gibson during the 1920s. They used a grade of construction paper that is rather unforgiving - meaning that once you have assembled the lantern, woe to you if you dissemble and re-assemble it. The soft paper will often just crunch up and then split and drop off. If you obtain one, it is best to leave it unassembled. I’ve learned the hard way! :)
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Mark B. Ledenbach's vintage Halloween collectibles blog.