Dayton, Ohio, 1909 - 1931. Carried on the line of "Hill Climber" friction toys, initiated by D. P. Clark & Co.
Specialized in sheet-steel novelty and automotive toys with friction and flywheel mechanisms. These early Schieble friction toys utilize a set of spoked third wheels which contact both the ground and the flywheel.
While not as complicated as for example Dayton toy vehicles, Schieble toys suffer from alignment, binding and slipping problems with the friction mechanism. Later Schieble friction toys utilize a sealed friction mechanism located near the rear axle.
What's it worth? Take a look at this Schieble price guide: sold listings for a value indication.