OK, so what's the story on this bike? It's a Paramount with a special dealer head badge sticker instead of a Paramount badge.

https://bikeville.com/2011/11/28/sch...-junior-racer/

Bike racing was very big in the 30s (in the USA), and then cycling began another boom starting in the late 60s. I'm thinking that in the years from 1946 through the late 50s, Paramounts would have been produced sporadically in relatively small numbers, and it follows there may have been more production variation.