The company is founded in Chicago. Bicycling is an adult-driven market. Time payments are still a long way from reality.
Bicycles are where most advances in machining and metallurgy take place.
Ignaz and the Mrs. Have a baby, Frank. With the advent of the affordable automobile, bikes become passe for adults. Manufacturing advances mean lower prices, making bicycles available to children for the first time. A new market is born. Tough bikes are developed to stand the punishment that kids dish out.