Jeff Stone completed the ride to Fairview (using the treadmill) in 1 hour, 12 minutes, and 8 seconds. This is an average speed of 24.95 MPH. During Jeff's ride, his Father (Dr. Stone) mentions to Jeff that he must be doing 25 MPH. The racing bicycle Jeff was using didn't have a speedometer on it, so Dr. Stone's guess was very good, especially given the bike was stationary.
Mr. Varney paid Jeff $5 for this event. In 1961 the minimum hourly rate was $1.15, which when adjusted for inflation in 1996 dollars is $6.03. As Jeff earned $5 for 1 hour 12 minutes and 8 seconds work (the time it took to ride the 30 miles), his hourly rate was approximately $4.16 in 1961 dollars, which would be about $21.80 in 1996 dollars.