Now there's a Crafty piece you don't see everyday! Cool find (or acquisition).
Funny is one word for it.
I'm just going to take the honest road and say that I immediately viewed it as transition product. The white replacement box on the right was clearly made at a different time than the green replacement box on the left and the green outer box that obviously matches. But I wasn't really sure about anything else. Without that little piece of paper inside with the " = " markings on either side of the branding on the right/white box, I would not have been sure about labeling that one Heritage based only on the branding on the box, and I would been even less sure about labeling that logo on the outer box and the green left inner box as 'Long C' era (30's to 1948-ish) without an actual loooong C (or so-called underline) logo or even one of those shorter underline long C's. While I'm aware of the logo in an oval, that appears on some socket sets and sharpening stones and other products right through the Long C era, I wasn't getting those vibes.
Also, I can see it making sense for them to be using up old stock (green outer box, green inner box) and placing a newer (white/right inner box) replacement box inside of it. But I can also see it making sense the other way around using up old stock (white/right inner box) inside a newer product (green outer box). Yes, I realize that would/should be Crowntop, though.
Long story short, I'm not arguing with you, per se; that logo always puzzles me.
Nice. Erie