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Capital of the original Comet model airplane company was $5. One day a solemn, blond boy, Samuel A. Goldenberg left the workroom back of old man Bibichkow's tailor shop on Chicago's West Side with $2 and came back with a bundle of balsawood, twine and glue. Jolly, dark-haired, young Bill Bibichkow took the rest of the capital and came back with a scroll saw. Working after classes at Crane Technical High School they began to turn out model airplane kits, sold the first one for 43?. For the first month of their partnership-October...

Author: /time Magazine | Title: Business & Finance: Model Business | 8/7/1939 | See Source »

Last week, Partners Goldenberg and Bibichkow made an announcement: for the 1940 model year (which begins next month) Comet Model Airplane & Supply Co., Inc. will double its 1939 output, will bundle up 10,000,000 model sets to be put together and flown by youngsters and hobby-minded oldsters. In 1938, business was good, Comet grossed "closer to $1,000,000 than $500,000," expects to pass the $1,000,000 mark...

Author: /time Magazine | Title: Business & Finance: Model Business | 8/7/1939 | See Source »

...next month's end will have 300 working three shifts. Over the boards, six draftsmen and eight designers wield pen and T square turning out drawings for scale models of most U.S. military and commercial airplanes in the air today, as well as many a foreign model. Comet has 6,000 dealers, 20 full-time salesmen, a branch and salesroom in Manhattan. Its models, ranging from the Dawn Patrol Fleet (retail price: five for 5?) to the Comet Clipper ($6.50, less motor), are sold all over the world...

Author: /time Magazine | Title: Business & Finance: Model Business | 8/7/1939 | See Source »

...reading. Sometimes Author Pratt labors harder than he needs to keep it lively. But when he lets the legend tell itself, adding only his "worm's-eye view" (sidelights from old memoirs, letters, newssheets), he rivets readers' interest as easily as if he were pointing to a comet...

Author: /time Magazine | Title: Books: Corporal to Coup d'État | 7/31/1939 | See Source »

...Manhattan, one hot evening last week, Joe Charlton, 31, and his wife Claire, of San Marcos, Calif., boarded the Comet, night boat to Providence, R. I. Going through Hell Gate Channel in the East River, the purser told them there were no more staterooms. Mr. Charlton demanded the captain turn back. Captain Pendelton demurred. Mr. Charlton took off his hat. coat and shoes. "Come on, Claire," he shouted, jumped overboard, struck out for shore through treacherous currents where many a man has drowned. Impressed, Captain Pendelton ordered the Comet pulled up at North Brother Island, let Mrs. Charlton off, telephoned...

Author: /time Magazine | Title: Miscellany: Californians | 8/29/1938 | See Source »

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