The New Model 2 1/2 HP Two-Speed -- Shaft-Driven Light-Weight F.N. Motor-Bicycle (Fabrique Nationale d'Armes de Guerre Herstal near Liege)

Unpaginated. FN (Fabrique Nationale de Herstal) is a Belgian company established in 1889 to make arms and ammunition, and from 1901 to 1967 was also a motorcycle manufacturer. FN manufactured one of the world's first four-cylinder motorcycles, was famous for the use of shaft drive in all models from 1903 to 1923, achieved success in sprint and long-distance motorcycle racing, and after 1945, also in motocross.