So, if the marking is an F&W rather than an E&W this might make a bit more sense, although the model number is also bit odd
A hammerless, .32 caliber revolver marked F&W, Model 1901 would be Forehand Model 1901, made by Hopkins and Allen (previously known as Forehand & Wadsworth). See current examples on the market such as
http://www.gunsinternational.com/Hop...804ED47707BAA6
There have been different folks over the years who have popped up asking pretty much the same question, either because of trouble reading markings on the weapon or some other cause. These are apparently not uncommon in older collections. I am not sure if the F&W model is one of the weapons that also saw copying / cloning during its manufacturing period by other makers, which also might explain the variances. (The Forehand design is allegedly itself a direct copy of the S&W type).
A picture of yours really would help.
BTW, there is dispute over the chambering. This is not considered safe with modern ammunition, and may be a blackpowder cartridge only gun.
The old collector references will probably be of use to you. Not much online, but see
http://www.gundigest.com/gun-collect...eserve-mention