RECREA TION 



XXVll 



Best Bicycle in the World.; 



LIGHT, GRACEFUL, STRONG, SPEEDY, BEAUTIFULLY FINISHED, 



EXQUISITELY DESIGNED, 



Four Models, $85 and $100. 



Elegant 40-page catalogue free at any agency orjmailed'for postage. 



MONARCH CYCLE MFG.*CO. 



Lake and Halsted Sts., F CHICAGO, ILL. 



EASTERN WAREHOUSE ; 79 Reade St. and 97 Chambers St., New York. 



The C. F. Gunyon Co., Ltd., Managers. 



BRANCH.ES: Boston, San Francisco, Portland, Salt Lake City, Denver, Memphis, l><troit. 



