Is this Mercury tricycle '40s or '50s?

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LIFE OF SCHWINN

Wore out three sets of tires already!
and is this the correct badge for it?

It was restored many years ago. I just picked it up.
Thanks,
jd

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1motime

Cruisin' on my Bluebird
Not sure if the chain drive was made in 30s. The fender looks like it is sized for that size tire. Probably prewar though
 
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