Fisher Price made an incredible variety of lithographed paper and wood pull toys in its first few decades, and Donald Duck was one of its most popular licensed characters.
My earliest such toy was made between 1936 and 1938: Dapper Donald Duck. Eight inches tall, it features "flapping" wings held in place by a piece of rubber. Dapper Donald was one of Fisher Price's earliest bestsellers, and it's easy to see why.
One in a series of character driven train engines, 1940-1942's Donald Choo Choo was a fun entry in the line, measuring 9 1/2 inches long.
Next, from 1946-1948 comes Donald Duck Drum Major, 10 inches tall. The baton spins as the toy is pulled.
The Donald Duck Xylophone from 1946-1953 is one of my favorites. At a whopping 13 inches tall, this was a big pull toy. As it is pulled, Donald actually plays the xylophone.
Lastly, from 1949-1951, the 8 inch Donald Duck Drummer cheerfully pounds away on his tin drum as he's pulled along. What a difference in style between this and the 1936 Dapper Donald, with his long bill and manic expression!