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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 »

...Comets, edits the Comet catalogue (5?), is proud of Comet's line which, besides modern tricycle landing gears, includes accessories, model engines ($9.95 to $21.50), propellers (Comet produces 90% of the props used by the U.S. model business). Sam Goldenberg is vice president, directs the factory. Bill Bibichkow is treasurer and directs model design. He is proudest of Comet's crack designer, 26-year-old Carl Goldberg, who won five of the six first places in the National Aeronautic Association model contest at Detroit last month, brought three cases full of trophies along with him when he gave...

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

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