Today I'm showing something that is not in my collection, although it's some- thing I'd love to have!
This is an example of an early Oz toy, called a Phono-Movie. The concept is simple: a gadget attaches to a phonograph, with a jointed figure which dances to the music as the record rotates. In this particular case, two figures were included: a stereotypical African-American character, and the Scarecrow of Oz! The box states that the toy was patented in 1919, which was during one of the heights of Oz popularity — but I suppose this version with the Scarecrow figure could be from a later date. These pictures are from an old eBay auction, and I've also seen the toy listed in a book on vintage phonographs and related accessories.
This might be a project that L. Frank Baum's eldest son Frank was involved with. Frank Baum did try to capitalize on his father's creations, but didn't seem to have much luck. His Oz Doll & Toy Manufacturing Company didn't succeed with a line of Oz dolls. Oz toys just don't seem to have caught on with the public; an earlier toy Woozy character produced by the family also failed.