Just to clarify, mostly via Researcher, and more here
https://docs.google.com/document/pub?id=1OxZo5Tkvx2G8eYf747QR9B5RJdN6Siu5JGIhfguSXXQThe N.R. Davis Arms Co. was located in Assonet, MA starting in 1853 and from 1917 to 1930 operated under the name Davis-Warner Arms Corp., Brooklyn, NY and Norwich, CT.
J. Stevens Arms (owned by Savage Arms Corp. since 1920) purchased Davis-Warner in 1930 and a Stevens memo dated December 15, 1930 announced the purchase from H&D Folsom Arms Company of the assets of Crescent Fire Arms Company of Norwich, Connecticut. The Connecticut Industrial Census done in 1930 listed 100 Crescent employees. The assets of Crescent were to be merged with those of Davis-Warner Arms Corporation and that the newly formed firm would be known as The Crescent-Davis Arms Corporation, Norwich, Conn.
Catalogs thereafter carried the statement:
“Today’s Greatest Value Among Popular Priced Guns”
On November 4, 1935, an order of dissolution was filed with the New York Secretary of State and the remains were moved to the J. Stevens Arms Co. plant in Chicopee Falls, MA. After the move, Stevens continued to manufacture a few models of Crescent-Davis shotguns until 1943.
In 1954 Folsom was purchased by Universal Tackle and Sporting Goods Co.