Oscar Wastyn, son of original Paramount builder Emil Wastyn, carried on his family's framebuilding tradition through the 1950's and into the 60's. This example from 1956 was built for Frank W. Schwinn. Framebuilding components and techniques had advanced considerably from the crude BSA lugs. This example demonstrated Schwinn's growing expertise with metallic paints, in this case a "royal purple" - very similar to Waterford's extended palette color Purple Majesty. The bike had little use due to Mr. Schwinn's declining health.

In the late 1940's and early 1950's, French lug maker Nervex introduced a line of technically advanced as well as highly decorative lugs. Among other products, Nervex produced two lines of premium frame fittings. The Nervex Professional lugs found their way on to thousands of Paramounts during the 50's, 60's and 70's.

Below is an example of Nervex' other line, the Serie Legere. This series included cut-outs as well as an ornate profile:

While much more ornate than the original keyhole lugs, the Nervex lugs required considerably less work.

Below is the matching bottom bracket shell:

Oscar Wastyn finished his framesets with distinctive points at the dropouts as shown in this close-up:

These dropouts came from another supplier of growing importance to the cycling world, the Italian firm of Campagnolo. This dropout design remains in use even to today.