This is a vintage 1939 Roadmaster Ladies Supreme balloon tire bicycle.  This bicycle is almost complete and original, just missing the top of the front Delta fender mounted light, the rear lens for the in-rack light, and the rear dropout mounted centerstand and clip.  The bike was manufactured by the Cleveland Welding Company (Roadmaster was a wholly owned subsidiary of Cleveland Welding) in Ohio. 

The original color was called "rust".  The color of this bicycle is actually in fairly good shape.  The paint is definitely starting to show some rust peeking through in spots - but not through the frame.  Just the surface starter rust.  The clay color is very apparent on the downtube and other parts of the bike, especially the originally painted inside of the horn tank which still shows its original luster. 
The tank is in great shape and includes the horn.  There is no rust whatsoever on the inside of the tank - it looks very new on the inside.  Does include the 3 D size Ever-ready batteries which are marketed as "leakproof" - guess they were right.  9 lives, probably not, leakproof, yes.
The frame has only a single tube between the down and top tubes.

This bike would make a great rider or a decent showpiece.  The bike definitely needs a tune-up, especially some wheel truing and some overhauling of bearings. 

Missing the chainguard, rear light lens, and the top of the front Delta light.  White grips probably not original.

Tires are not original.  The tires that are on the bike now are almost unridden Coast to Coast sold tires - Coast King, in great and almost new condition.  Still have the original stickers on them.  Blackwall 26x 2.125

Measurements:

Seat Tube - 19"

Top Tube - 22"

Specifications:

Seatpost - L- type solid post

Saddle - Troxel made in USA Genuine Leather saddle.  In good shape - no rips or cracks on the top of the saddle.  The edges are wearing, but definitely rideable and showable.  Pan and springs are dirty, but not rusted

Stem - steel quill stem, poor chrome

Handlebars - 20" wide cruiser bars, poor chrome

Crankset - original 1 piece dog-leg crankset with Roadmaster design skiptooth chainring

Pedals - women's Torringtons, rideable but worn and showing some surface rust

hubs - New Departure Model D rear coaster brake hub (stops well), and a W front hub - both need a bearing overhaul
rims - dropcenter steel rims, once shiny but showing mostly rust, will need some work - not much chrome left on the front, a little more on the rear

Serial #E94212  (has a 2 turned 90d near the front of the serial number

Reference #22989