I was given a bike today by an old friend. It's a red "Free Spirit" (10-speed) made in Austria by Steyr-Daimler-Puch. Stripped down it's one of my lightest. I have a track wheel that will work nicely on it that gives me a straight chainline from the big ring. I may have to grind the bolt heads off to remove the small ring and chain guard. It has cottered cranks and the frame has a bit of rust. For the moment it will keep both brakes, although losing the rear would make it that much lighter. All it needs is a rear tubular, which I can steal from another idle rim, and a new chain cut to the proper length. As with many bikes from the 60-70's it has deep dropouts which will allow for much adjustment. I removed the rubber grips because they were slippery. It will either get red or black bar tape. The downtube and toptube decals are almost gone so I'll get some paint remover and take them off. I'll do some spray can touch ups later on.
Currently destined to be a 52x 16, but I'll look for an EAI 20t to give me a new gear ratio from the other six.