Help With Monogram

[Joeyd]

Been trying to figure out this monogram on an early pin back button but just can't see it. Wondering if anyone would mind taking a look and help me figure it out? Thanks for any input!

 

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[cw0909]

looks like U S H F L L C O, maybe S U H F I I CO
not sure about the L or I looking letter
dont know what company the letters stand for

 

[Deft Tones]

I see U S h A? I Co. Tough one with the extra flourishes.

Perhaps USIAI CO. now I take another look.