The Franklin Type Foundry was founded in 1856 as a branch of L. Johnson & Company (a.k.a. “Johnson Type Foundry") of Philadelphia. It was originally operated by Robert Allison, Charles H. Smith, and Howard L. Johnson (the son of Lawrence Johnson of L. Johnson & Company). At some point Johnson left the firm, and it became known as "Allison & Smith."
In 1892, the Franklin Type Foundry was one of the 23 firms that merged to create American Type Founders (ATF). In 1894/95, it was consolidated with the Cincinnati Type Foundry to become the Cincinnati branch of ATF.
Washington Press - Cincinnati Type & Print Museum