Business & Finance: Model Business

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, 1929—their books showed: gross business, $5.59; expenses, $3.35;...

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