It is the "Kiddy Cyclist" made by Unique Art MFG. Co. c. 1930s. Measures about 9" tall, 7.5" long, and 4.25" wide. I wound it up to test it, and it works some of the time. It moves forward and the boy steers the bike in a zig-zag pattern. | eBay!
The ECR4Kids stackable kiddie cots are the perfect place for your children to take a nap. Whether at school, in a daycare or at home, the stackable kiddie cot is great for rest time and inter-stacks to save space. Available in a variety of fun attractive colors!