Lionel Corporation was an American toy manufacturer and holding company of retailers that had been in business for over 120 years. It was founded as an electrical novelties company. Lionel specialized in various products throughout its existence. Toy trains and model railroads were its main claim to fame. Lionel trains have been produced since 1900, and their trains drew admiration from model railroaders around the world for the solidity of their construction and the authenticity of their detail. During its peak years in the 1950s, the company sold $25 million worth of trains per year. In 2006, Lionel's electric train became the first electric toy inducted into the National Toy Hall of Fame. In 1969, they sold their model train lines to General Mills, but continued to operate until 1993 as a holding company for their toy stores. Its model trains are still in production as a separate company. History The original Lionel Corporation was founded in 1900 by Joshua Lionel Cowen and Harry C. Grant in New York City. The company's devotees disagree over the date of incorporation, as the official paperwork gives a date of September 5, but the paperwork was not filed until September 22, more than two weeks later. Initially, the company specialized in electrical novelties, such as fans and lighting devices. Pre-war era (1900–1942) It was historically thought that Lionel's first train, the Electric Express, was not intended for sale to consumers, but rather, as a storefront display. Delivered in December 1900, it operated on a brass track and was powered by a battery and a motor that Cowen had intended to use for an electric fan. Cowen hoped the public's fascination with railroads and electricity would draw attention to other goods for sale. Instead, the public approached store owners about buying trains, prompting Lionel to begin making toy trains for the general public. Lionel sold 12 examples of the Electric Express. Much later, in 2014, Greenberg's Guide to Lionel Trains concluded differently: the first Lionel product was the motorized Converse Trolley, with the Electric Express being made to diversify the motor's use. Lionel's earliest trains were larger than the sizes commonly available today, running on two-rail tracks with the rails 2 inches apart. In 1906, Lionel began offering a three-rail track that simplified wiring of reverse loops and accessories. Its outer rails were 2 inches apart, which did not match any of the existing