John-
Great posts.
With your two, have only seen a total of three now of the large rectangular decals that I can remember. Very nice. Would guess that Bear must have had just a small batch of these decals made as bows before & after have the smaller decal for specs.
For sure they are early in the 1949 production.
There is no evidence that a Grizzly was ever made, or even thought of before 1949… So any illusion or suggestion about any Grizzly being made in 1948, is likely nothing more than unsubstantiated speculation of an over active imagination.
I have several of the just "Bear Archery" printed on the transition bows, that were not made by Grumley. They were made after Nels left Bear.
Interesting that the script "Bear Archery" that appears on some Transition bows, is different printing than the Grizzly printing. This clearly indicates that another person printed the Grizzly after the Transition era.
Lots to learn and so little time to learn it.