Thing You Might See On The Corner of Taylor & Old State Hwy

We're talking Newcastle CA, where the Central Pacific Railway first began operations in 1864. Though today's post is kinda-sorta transportationally (is that a word?) themed, our subject is a horse of a different color. (mainly red and yellow)

A relic from the 1939 World's Fair somehow ended up here--we suspect that this may belong to Newcastle resident Joe Bailon.