Please help identify this pistol

I think it's a FIEL, made by Erquiaga Muguruza y Cia, Eibar, Spain. Circa WWI-1925, and chambered in .32ACP.
 
The book I used, Encyclopedia & Reference Guide For Auto Loading Guns, does not show monogrammed grips. It does say the gun was made in three dimensions, with this one being the shortest at 4.06" tall. The guns shown as being the other two dimensions look quite a bit different from yours.
 
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