Remember that bicycle technology was the bleeding edge engineering application of its day - later spawning the auto industry (and indeed aviation, the Wright Brothers were bike manufacturers).
It's that time in the evening, the lights are dimmed, music is flowing, wine is flowing and I've got about one hour ahead of me before I peak.
I've had three attempts to comment on this, and deleted them. I also don't want to hog and distract from this superb bike and the incredible work undertaken to get it back in shape. First off, a disclaimer, I'm no historian nor pretend to be, just fascinated by old bike tat and engineering in general. Bare with me.....
The statement is - I think - part true and part false. If we take the inventions and firsts around 1900, as a whole the
entire transport industry was making serious advances and great things were happening in relative terms in very short succession too, riding on better mechanical engineering and production technics. Nothing was spearheading nothing I believe - it must have been an incredibly exciting time of technology transfer, and not only within the transport industry but also the construction industry for example.
Case example; The first rim caliper brake for bicycles appeared approximately the same time as the invention of the diesel engine and funiculars in public service.
While each one in there domains is a "revolution", I can't help but think by this time the bicycle was not at the leading edge, but the trailing edge of applied technology. That does not mean to say great things for the bicycle didn't happen, but I think the principals of the bicycle were already mature, and a handful of people / companies would use it as an effective means to demonstration engineering prowess. It's more like the bicycle innovations were more of a consequence rather than a target if you get what I'm trying to say.
I look at the forks above, and I'm bolded over. A dove-tail like joint in steel? Pressed recesses internal in the tubing?
Why the hell would you apply such techniques if you didn't have a queue of extremely wealthy customers to ride a bike?
Something else is happening I think.