As I understand the history, Waterford is a direct successor from the 
factory originally started by Wastyn and Schwinn to build Paramounts.

The U.S. did not really have a Rivendell-like company in the 1960s. 
 Schwinn was still dominant at the time.  The Chicago facility made Schwinn 
branded bikes and many of the smaller name and department store bikes of 
that era.

There were a few individual builders making lugged frames, but no one 
selling comparable numbers to Riv.  Maybe the closest were the quality 
lugged frames Schwinn brought over from Japan.  Without googling, I do not 
recall off hand whether the Japanese Schwinns were available in the 1960s 
or 1970s.  

On Tuesday, December 17, 2013 8:51:20 AM UTC-6, Ron Mc wrote:
>
> I agree Paramounts are gorgeous handmade frames, and is likely the 
> pinnacle of American handmade bicycles during the time - and maybe the only 
> example we'll come up with..  Does it count the same as the branded 
> Waterford frames?  
> But if you look at the flagships, Varsity vs. Grand Prix - there are two 
> different manufacturing approaches from opposite sides of the pond to 
> produce a bicycle in the 70s.  
>
> On Tuesday, December 17, 2013 8:30:50 AM UTC-6, Eric Norris wrote:
>>
>> Schwinn was making beautiful, lugged Paramounts back in those days. Those 
>> bikes are very collectable and are still ridden today.
>>
>> Eric N
>> www.CampyOnly.com
>> CampyOnlyGuy.blogspot.com
>> Twitter: @CampyOnlyGuy
>>
>> On Dec 16, 2013, at 10:27 PM, Michael <john1...@gmail.com> wrote:
>>
>> Who made the USA's finest lugged, steel, frames back then and what were 
>> the prices like?
>>
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