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Is this a monark?

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JRE

Cruisin' on my Bluebird
Co worker found this in a Barn today and is bringing it to me tomorrow. It's got a Zenith Marshell Wells badge and a monark Style chain ring. I'm trying to figure out a approximate year and who made it. Thanks

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Zenith prewar , made for Marshall Wells Hardware Stores . 1935 - 65 I'm sure someone here knows more .
 
Looks like circa 1947/48 with the forward facing rear fork ends, without any extra appendages for fastening a rear rack luggage carrier.
The usual serial numbers (date-place codes) stamping may narrow-down the year.
 
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