In December, 1937, W.O. Coleman sold American (Chicago) Flyer to Alfred Carlton Gilbert, a former Olympic pole vaulter who first made a name for himself in the toy industry earlier in the century when he created and manufactured Mysto Magic sets for youthful magicians. Circa 1913, his A. C. Gilbert Company also became the makers of Erector Set metal construction toys, which were 'inspired' by the English-made Meccano sets of which it was a U.S. distributor. The two toy magnates were just finishing shooting on Gilbert's game reserve in New Haven when Gilbert casually mentioned he was thinking about manufacturing toy trains. Instead, Coleman said he'd give his struggling American Flyer Co. to Gilbert in return for a share of the profits. Gilbert quickly agreed.