Absolutely meticulously drawn, with the smallest detail rendered. Adult cinema audiences of the time would have appreciated the humor, while children would have laughed at the antics. And careful attention was paid to the toys and novelties of the time, from Mexican 'jumping beans' to potted cactus plants from the southwestern deserts.
The color reel has no information whatsoever on cartoonists, producers or anything at all. It simply starts with an intro cell that was evidently drawn decades later, as betrayed by the bright colors, the faces of the characters, and---most of all---by the font that reads "The Novelty Shop", its title.
The Marx Brothers, The Three Stooges, Stan Laurel and Oliver Hardy, and The Dionne Quintuplets are caricatured.
Apparently, an early B&W reel exists.
This short was likely inspired by the popular song "The Parade of the Wooden Soldiers."