The color scheme will be white with red accents in the head tube and fork window panes. The first catalog from the 40's shows accurately the colors I am going with.
The decal scheme will be more in line with the 1948 catalog. This version does not have the racing stripes on the seat tube. I feel this is a little less fussy, and the stripes will not compete with the Schwinn Quality badge and AS Chrome Molly decal. I have consulted with Richard Schwinn and he indicated that the blue bands are toward the inside, and red bands on the outside per the original specification, which he has. This is different than the photo. So I am going that way.
The brazed over oil port is a curiosity. It is possible this was done at the factory, since it appears the work was pretty good and their was less a need for them post war. Richard is going to contact Oscar Wastyn Jr. to confirm if this was the case. If it was, I will leave it be. If it was filled later, I will have to decide if I should drill it back in. But Richard said there would be risks to the frames integrity if we went that way