Vintage cruiser project, abandoned. Identity?

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XnotedgeanymoreX

New Member
May 17, 2011
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Florida
Ran across the other day while looking for a set of wheels for my Iron Horse cruiser... I was told it was a late thirties Schwinn by the guy I got it from, but have not been able to find anything quite like it searching online. Anybody have any idea what this was before it's previous owner hacked the frame up and abandoned it? The crank housing seems to be stamped with "ES" in a diamond and appears to read "ELSHO" in small print under that.

I am still kind of interested in using the wheels on my Iron horse, depending on what it will take to get them rolling again. The spokes and hubs are massive!! Anyways, heres pics. Thanks in advance for any help identifying this thing! -Josh