The company was founded by Stover in 1889, and the first year they produced 320 bicycles (also known as Wheels) and they had 6 employees.

[2] The company manufactured three different bicycles: The Tiger, The Iroquois, and The Paragon.

In 1890 they began construction of a larger manufacturing plant in Freeport.

[3] The American Bicycle Company only lasted a few years (from 1899-1903).

Historians have not determined why the company failed but they have several theories.