The sport was Formal . . .

I like the "formality" of early motorcycling.  The whole idea of presentation and recognition with: pins, patches, plaques, and the best award of all - a gleaming trophy of silver & gold !
It gave you a goal, an accomplishment, a place in history on what you've done with your cycle.  You were either a racer, a road rider, entertainer, spokesman . . . etc.  Clubs are still here in this day and age - Long may they prosper. It recognizes you among your peers . . . fellow riders.  It's an important aspect of motorcycling.

 "Did you hear . . . he was awarded his 50,000 mile pin ?!"