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This tracks.It’s a little known fact that Leo put the so called “tug bar” below the G to prevent slap bass playing. He hated slap bass. It drove him nuts. When he sold Fender to CBS in 1965, Leo stipulated in the contract that the tug bar must remain below the G string as a slap guard for 9 years. Then, in 1974, having fulfilled their contractual obligation, CBS executives gave the long anticipated order to move the tug bar slap guard to above the E string to be used as a thumb rest. Finally, free of the restrictive anti-slap engineering control designed by Leo Fender, bassists started beating their instruments mercilessly with their thumbs. Much bass slapping ensued in the years since 1974. In the mid 1980s, the execs at Fender were surprised by research data showing the thumb rest was rarely ever used due to the preponderance of bassists slapping instead of plucking their basses, so the thumb rest was removed as a cost saving measure thereby saving the company from a most certain looming bankruptcy. Leo recognized he lost the “war against slap” years prior to Fender removing the thumb rest and had already designed the Stingray to cash in on the slap trend that he predicted would last until he invented punk rock the following year.
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They never went out because they never were in, like tighty whities or oatmeal, they just have existed a long time
Plenty of sixties Japanese basses had them, and plenty of American basses as well. Looks pretty "in" to me.