Frame ID help

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Picked this up for the atom drum wheels, and wound up being really intrigued by the frame. Trying to figure out what it is/ what it might be worth so I can decide whether to build or sell. It had a schwinn train/ plane head badge but not sure if its correct for the frame since a few other bikes bought with it are all made up of mixed parts. It has a serial number stamped under the bottom bracket, SD 916 58 and LB stamped three times. Any help is appreciated





 
I am guessing that it's a Snyder built frame.
 
How's it going atom gutz. Is this ray or his son? I'm the guy who traded the bike. I have it also on a thread in fresh finds trying to figure what it is. Looks like most people say its a prewar Elgin.
 
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