In 1895, with the financial backing of fellow German American Adolph Frederick William Arnold (a meat packer), he founded Arnold, Schwinn & Company. Schwinn's new company coincided with a sudden bicycle craze in America. Chicago became the center of the American bicycle industry, with thirty factories turning out thousands of bikes every day. Bicycle output in the United States grew to over a million units per year by the turn of the 20th century. As the parent company of such legendary brands as Schwinn and Mongoose, Pacific Cycle delivers some of the biggest names in outdoor recreation. But it’s not just the names customer’s trust, it’s the look and feel of our products, our superior quality, and our outstanding customer service that help us bring these premium brands to the hands and feet of our customers. With the exception of the Sports Tourer, Super Sport, and Superior, they are welded, not brazed. The head tubes look as if they were fillet brazed, but they weren't. The head tube and the tapered segments that lead into the the top tube and down tube were actually made from two special forgings that were "electro-forged" (welded) together down the centerline, then ground smooth, so the seam is not usually visible. At the close of the 1920s, the stock market crash decimated the American motorcycle industry, taking Excelsior-Henderson with it. Arnold, Schwinn, & Co. (as it remained until 1967) was on the verge of bankruptcy. With no buyers, Excelsior-Henderson motorcycles were discontinued in 1931.[5] Ignaz's son, Frank W. "F. W." Schwinn, took over day-to-day operations at Schwinn. However, there were clear warning signs on the horizon. This item is offered by one of our Exchange Plus partners – a trusted, third-party company that ships directly to you when you order on ShopMyExchange.com. The Exchange sells and handles payments for this item, and you can track the status on your Exchange order details page. Mark Smith has a nice page about his Schwinn bikes , also some good Schwinn Repair and Restoration tips. Schwinn was, however, able to recruit an up-and- coming rider named Lance Armstrong to its ranks. Good mathematics doesn't always help you when it comes to bicycle tires. For example, most "middleweight" Schwinns take 26 x 1 3/4 tires, which are hard to find, not 26 x 1.75 as used on other brands. It means that any bicycle more than 50 years old in a good or fair condition is likely to attract interest from other buyers. It also means that old Schwinn bikes before 1975 will be of greater value to collectors than a newer bike. Similarly, if the bike is scarce, such as the 1934 triplet or the Aerocycle, it may be priced in the thousands of dollars on eBay. By 1957, the Paramount series, once a premier racing bicycle, had atrophied from a lack of attention and modernization. Aside from some new frame lug designs, the designs, methods and tooling were the same as had been used in the 1930s. After a crash-course in new frame-building techniques and derailleur technology, Schwinn introduced an updated Paramount with Reynolds 531 double-butted tubing, Nervex lugsets and bottom bracket shells, as well as Campagnolo derailleur dropouts. The Paramount continued as a limited production model, built in small numbers in a small apportioned area of the old Chicago assembly factory. The new frame and component technology incorporated in the Paramount largely failed to reach Schwinn's mass-market bicycle lines.