This paper presents an integrated analysis of GOES 6, 7 and neutron mo
nitor observations of solar cosmic-ray event following the 1990 May 24
solar flare. We have used a model which includes particle injection a
t the Sun and at the interplanetary shock front and particle propagati
on through the interplanetary medium. The model does not attempt to si
mulate the physical processes of coronal transport and shock accelerat
ion, therefore the injections at the Sun and at the shock are represen
ted by source functions in the particle transport equation. By fitting
anisotropy and angle-average intensity profiles of high-energy (>30 M
eV) protons as derived from the model to the ones observed by neutron
monitors and at GOES 6 and 7, we have determined the parameters of par
ticle transport, the injection rate and spectrum at the source. We hav
e made a direct fit of uncorrected GOES data with both primary and sec
ondary proton channels taken into account. The 1990 May 24-26 energeti
c proton event had a double-peaked temporal structure at energies simi
lar to 100 MeV. The Moreton (shock) wave nearby the 'flare core' was s
een clearly before the first injection of accelerated particles into t
he interplanetary medium. Some (correlated with this shock) accelerati
on mechanism which operates in the solar corona at a height up to one
solar radius is regarded as a source of the first (prompt) increase in
GOES and neutron monitor counting rates. The proton injection spectru
m during this increase is found to be hard (spectral index gamma appro
ximate to 1.6) at lower energies (similar to 30 MeV) with a rapid stee
pening above 300 MeV. Large values of the mean free path (lambda appro
ximate to 1.8 AU for 1 GV protons in the vicinity of the Earth) led to
a high anisotropy of arriving protons. The second (delayed) proton in
crease was presumably produced by acceleration/injection of particles
by an interplanetary shock wave at height of approximate to 10 solar r
adii. Our analysis of the 1990 May 24-26 event is in favour of the gen
eral idea that a number of components of energetic particles may be pr
oduced while the flare process develops towards larger spatial/tempora
l scales.