Note: This article originally appeared in the September 2000 issue of Classic Toy Trains. In celebration of Lionel’s 125th ...

Lionel’s Paper Train was made in 1943 during World War II. Learn more in this article from Classic Toy Trains.

J. L. Cowen not only had fine quality imports to worry about as he built his business, the domestic competition from Ives, American Flyer, and Marx must have contributed significantly to his stress.