I think it is a slightly later (earlier?) name, probably.....
Elmer and Albert founded The Harrold Tool Co, Columbiana Ohio,
H.J. Harrold is listed as president of H.J Harrold Tool Co...Columbiana Ohio around 1917 or so...
after which H.J.... became Harrold Tool & Forge Co
1921: Harrold Tool & Forge Co changed it's name again to Colonial Tool & Forge....
1923: Moved to Elkton, Md
(From patents, perhaps Harvey J. Harrold?)