Welcome and congratulations, the Old Town canoe with serial number 54078 is a 16 foot long, AA (or top) grade, Ideal model with red western cedar planking, open mahogany gunwales, mahogany decks, mahogany thwarts, mahogany seats, half ribs, and a keel. It was built between May and June, 1919. The original exterior paint color was dark green. It was shipped on June 17th, 1919 to Chicago, Illinois. A scan of this build record can be found below.
This scan and several hundred thousand others were created with substantial grants from the Wooden Canoe Heritage Association (WCHA) and others. A description of the project to preserve these records is available at
http://www.wcha.org/catalogs/old-town/records/ if you want more details. I hope that you will donate, join or renew your membership to the WCHA so that services like this can continue. See
https://www.woodencanoe.org/about to learn more about the WCHA and
https://www.woodencanoe.org/shop to donate or join.
It is also possible that you could have another number or manufacturer if this description doesn't match your canoe. Feel free to reply here if you have any other questions.
Benson