| Issue | #2 |
| Published | February 1940 |
| Frequency | monthly |
| Cover Price | 0.10 USD |
| Pages | 68 |
| Editing | M C Gaines (managing); Sheldon Mayer (assistant) |
| Characters | The Hawkman [Carter Hall]; The Flash [Jay Garrick] (inset); Cliff Cornwall (inset); Johnny Thunder (inset); The Whip [Rod Gaynor] (inset) |
| Genre | superhero |
| Pencils | Dennis Neville |
| Inks | Dennis Neville |
| Reprinted | in Golden Age Flash Archives (DC, 1999 series) #1; in Golden Age Hawkman Archives (DC, 2005 series) #1 |
| Characters | The Flash [Jay Garrick]; Joan Williams; the un-named doctor from origin story (cameo); Theo Parker (first appearance); Greta Garson (first appearance); Stella Rollins (first appearance); Della Roberts (first appearance); Mr. Rogers (first appearance); Lord Donelin (first appearance); Goll (first appearance; villain) |
| Synopsis | The Flash investigates the mysterious shootings of female singers in a local opera house, the trail leading directly to one man each of the women knew. |
| Genre | superhero |
| Script | Gardner F. Fox |
| Pencils | Harry Lampert |
| Inks | Harry Lampert |
| Notes | The Flash uses a metal lightning bolt as his calling card in this story. Synopsis added by Craig Delich (9-2-07). |
| Reprinted | in Golden Age Flash Archives (DC, 1999 series) #1 |
| Characters | Cliff Cornwall |
| Genre | adventure |
| Script | Gardner F. Fox |
| Pencils | Sheldon Moldoff |
| Inks | Sheldon Moldoff |
| Notes | Writer credit by Craig Delich; updated 9/04. |
| Characters | The Hawkman [Carter Hall]; Shiera Sanders; Alexander the Great (villain, introduction, death) |
| Synopsis | A great physicist named Alexander the Great invents a machine that increases an object's weight 1000 times, and Hawkman must stop him before he succeeds in destroying all the seaboard cities of the United States. |
| Genre | superhero |
| Script | Gardner F.Fox |
| Pencils | Dennis Neville |
| Inks | Dennis Neville |
| Notes | The title given here is used in the table of contents in the Archive. Synopsis added by Craig Delich (9-2-2007). |
| Reprinted | in Golden Age Hawkman Archives (DC, 2005 series) #1 |
| Characters | Johnny Thunder; Daisy Darling (intro); unnamed thug (villain); Mike Trainer; Suicide Kid |
| Synopsis | Through the use of his powers [that he knows nothing about], Johnny signs a fight contract to battle the Suicide Kid, and that same unknown power helps Johnny win the contest. |
| Genre | superhero |
| Script | John B. Wentworth |
| Pencils | Stan Aschmeier |
| Inks | Stan Aschmeier |
| Notes | There is a brief origin recap. The title given here is used in the table of contents in the Archive. Synopsis added by Craig Delich 3-14-2008. |
| Reprinted | in JSA All Stars Archives, The (DC, 2007 series) #1 |
| Characters | Rod Rian |
| Genre | science fiction |
| Script | Paul Jepson (signed) |
| Pencils | Paul Jepson (signed) |
| Inks | Paul Jepson (signed) |
| Notes | Newspaper reprints. Corrected 9/04. |
| Characters | Billy Morton; Port Commander Worth; Ralph "The Ruthless" Farnham (villain) |
| Synopsis | In the orbit of Jupiter, Billy's spaceship, armed with a new weapon, confronts the spaceships of the murderer of his father. |
| Genre | science fiction |
| Script | Gardner F. Fox (signed) |
| Pencils | Sheldon Mayer (spot illustrations) |
| Inks | Sheldon Mayer (spot illustrations) |
| Letters | typeset |
| Notes | Story continued from Flash Comics (1940 series) #1. |
| Genre | fact |
| Letters | typeset |
| Notes | Includes a discussion about local postage stamps, as well as classified ads from six stamp dealers. The logo is similar to the logo for the Flash feature, including speed lines. |
| Characters | Harry Dunstan; Red the Dummy (villain); Billy Devlin; Hope Fulton |
| Genre | crime |
| Script | Ed Wheelan (signed) |
| Pencils | Ed Wheelan (signed) |
| Inks | Ed Wheelan (signed) |
| Letters | Ed Wheelan |
| Notes | Story continued from previous issue. |
| Characters | The Whip [El Castigo; Rod Gaynor]; Marissa Dillon; Wing Tai; Sheriff Todds; Broaker; Mr. Dillon; Carlos; Cokey; Spike |
| Genre | western |
| Script | John B. Wentworth |
| Pencils | George Storm |
| Inks | George Storm |
| Notes | House ad for All-American Comics #11 featuring Gary Concord, on sale "about Dec. 20th". Appears on the back cover of this issue. |
| Letters | typeset |
| Notes | Total of 2 one-page ads for: Rush 3ยข for 604 page Catalog of Amazing Novelties (novelties, Johnson Smith & Co.) and Rush Coupon for Mammoth Catalog (novelties, Johnson Smith & Co.). Appear on pages 2 and 67 in this issue. |