| Issue | #2 |
| Published | Spring 1942 |
| Cover Price | 0.10 USD |
| Pages | 68 |
| Editing | Harry Shorten |
| Pencils | Harry Lucey |
| Inks | Harry Lucey |
| Characters | V: Captain Swastika (I), the Legion of the Swastika (I), and Mr. Schmitt (I); I: Elsa Danning |
| Pencils | Harry Lucey |
| Inks | Harry Lucey |
| Characters | V: The Clockmaker (I, D; John Simms) |
| Pencils | Harry Lucey |
| Inks | Harry Lucey |
| Characters | V: The Rabbit (I; Prof. Ernest Hare) |
| Script | Bill Woolfolk |
| Pencils | Warren King |
| Inks | Warren King |
| Notes | Hangman goes to his 10th college reunion in this story, which makes him 32 years old |
| Characters | The Hangman |
| Letters | typeset |
| Characters | GS: Shield, Wizard; V: Smiley Joe Martin (I) |
| Script | Bill Woolfolk |
| Pencils | Paul Reinman |
| Inks | Paul Reinman |
| Notes | Dusty and Roy get sent to military school |
| Characters | I: Major Neilson and his son |
| Script | Bill Woolfolk |
| Pencils | Paul Reinman |
| Inks | Paul Reinman |
| Notes | story promotes idea of a Junior Flying Corps for boys |