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the lugwork is similar to Thanet, but that's where the resemblance ends - even the curves in the T seem to be flipped around http://www.theracingbicycle.com/Thanet.html
can't find how long they made frames, but 50s show quite a few
Yes Art is a dear old friend. We use to ride around San Antonio when he lived there. He no longer rides--has balance issues. But other than that he's doing great.
After more research into this bike it may be a Deane Toseland after all...….Toseland marketed his own branded name of cycle which included the range of standard and professional bikes using his knowledge from his early years being a mechanic he put his effort into building high end racing bikes referred to as the “Deane Toseland Special” these consisted of a brazed T on the head tube of which many were custom built to the requirements of the rider.
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