Bell

Continuation of .

When went bankrupt in 1923, production of the label for the continued under the . The label design was completely overhauled, using the "Pan" or "Piper" trademark above the "Bell" brand. was a client of the , and much of its output was licensed from the - group and later added Emerson Recording Laboratories masters to the pool. When the introduced its -produced label in late 1927, became independent of the and was briefly produced by the , before quietly disappearing in early 1928.