The track ends look off to me but the rest sure looks early but legit. Get it over to the C&V guys. They will be all over it.
The rear brake was common for path racers. Most guys rode to the race, removed the brakes and raced, then rode home.
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I'm not one for fawning over bicycles, but I do believe that our bikes communicate with us, and what this bike is saying is, "You're an idiot." BikeSnobNYC