The luxurious State Set passenger train appears, just before "Black Monday" ends the decade with a crash. Bywith the introduction of preassembled track and a selection of engines and cars, the Lionel we know today was already taking shape. Meanwhile, Lionel's fabulously illustrated catalogs became children's cherished "wish books. Lionel showed profits again inand the receivership was discharged. This year marks the Centennial of the Golden Spike as well as Lionel's demise as an independent corporation.
By the s, what remained of the original Lionel Corporation was a holding company specializing in toy stores.
History of Lionel Trains
The number of the tender was either W, T or T. War, Peace, and Prosperity Lionel benefited financially from defense production during World War II, but toy train production was put on hold. The decade between and saw Lionel's sales increase fold. Though the company became a corporation, the family tradition continued, with Cowen's son Lawrence "The Happy Lionel Boy" gracing catalogs, packaging, and sales materials. There is too much info to sort through as they been around since the early 's.