But still a pretty good sized gap with no mention of Hendee making bicycles after 1904. It's interesting that there were "reports" that they discontinued making bicycles. Could it be that they actually had stopped making bicycles but still had to sell their back stock? This was when the ABC trusts were crashing and the market was making more than the demand for pedaled machines. If the "reports" were true, it would be harder to sell last years stock as new so it was in their best interests to deny such reports.