From 1932 American Flyer Set #907T - The Commander
Catalog cut
...and set contents
as you might expect with American Flyer there are some differences between the catalog illustration and the actual set contents. The train set in the photograph was a boxed set complete with all the paperwork. To be fair, Flyer does state in the caption below the illustration that the set now contains an observation car and a new larger tender with imitation coal which is exactly what this set has.