The simplest answer is actually a derailleur.
You don't need a fancy model. Any under-#20-new steel
changer with no cable will be adequate for chain tension if
you're using a freewheel or gearbox. These may often be had
for free.
Style points in selected cultural melieus for a 'chain
tensioner' which is an expensive thing, essentially a
truncated derailleur which cannot shift. They come in bright
colors too.
Neither is useful for fixed gear or a coaster brake.
It is possible to set up your single-point-ends frame by
judicious selection of chainrings. A slack 46x18 may be
functional with a 47x18 for example and the gearing
increment is relatively small (~2%). Using 1/8" chain,
which is dirt cheap, just toss the chain when it seems slack
although note that chain a little slack works fine in
practice but certainly avoid tight chain which eats crank
and hub bearings quickly:
http://www.yellowjersey.org/chainchk.jpg
Other paths include is use of a half link or carefully
cutting out the ends by a millimeter or two.
Unless you're running fixed gear or coaster I recommend a
derailleur.
--
Andrew Muzi
<
www.yellowjersey.org/>
Open every day since 1 April, 1971