(click on pictures to enlarge)

 victor

These are very small and unusual in both their color and their construction.  Both have a Waterman-style, mid-upper barrel joint where the top can be unscrewed to reveal the eraser. 

The matching pens were caled "Vict-a-pens."  Clips resemble those on the Arnold.  Compare the celluloid on the blue and red examples with Chicago Conklins.

 

 

  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
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