Talewinds
I live for the CABE
The fenders on your Pacemaker are incorrect. Correct Pacemaker fenders come to a sharp point at the front. Yours has Elgin fenders which are very similar in style in that they mount over the fork and have a ridge in the middle, but the front point is rounded. Whoever restored this probably built it up from parts, and they couldn't get original fenders as they are very hard to find. The Elgin fenders make a nice alternative however, and would fool most anybody who didn't know these bikes as well as some of us here do. Great looking bike, don't change a thing!
I have two Pacemakers, a boys and a girls. The boys is a '39 and the fender ends in that sharper point. It is a restored bike.
The girls bike, however, is an EXTREMELY original example, probably a '40 or '41, and the fender is the more rounded style.