This is from the failed Laugh-O-Gram studios in Kansas City, a catalyst of sorts for what later became Walt Disney Studios. After making this movie the studio went bankrupt before ever getting it distributed, prompting Walt to leave Missouri and head to California. To borrow a cliché, the rest is history.
Perhaps Walt losing interest in the animation side of his studio shouldn’t be all that surprising; he was always practicing the art of pushing technology into the adjacent possible. He’s certainly doing that here. And, there is a joy in seeing him doing that. Even watching this nearly 100 years on (!) there’s a palpable sense of wonder and energy in those “rubber hose” animations. The Look-What-We-Can-Do playfulness still stirs the imagination, in many ways more effectively than what we see in The Three Caballeros.