Word: transite
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Manhattan Island's flinty length is skewered by two sets of tubes, its flat back mounted by three great overhead structures. The tubes all duck under the East River, bore deep into Brooklyn. One is run by Brooklyn-Manhattan Transit Corp. The other, a two-pronged affair stretching to The Bronx, is controlled by Interborough Rapid Transit Co. which also operates the elevated lines. New York City owns the tunnels and tracks, rents them under long-term leases to the operating companies...
...largest city transportation network in the world. Without its vast, rumbling traction arteries which sell 4,210,000 rides a day, New York would be paralyzed. Hence few New Yorkers were not interested, last week, in a plan proposed by Special Counsel Samuel Untermyer of the Transit Commission for the city to buy back, for $489,804,000, operating control of all overhead and underground transportation lines and unify them in one great muncipal system. In effect the city would be purchasing back its transit leases before maturity...
...previous programs were pigeonholed by the Republican State Legislature for fear patronage of the municipal lines would fall into Tammany's hands, for fear an inflexible 5? fare would not be guaranteed. The new plan seeks to provide a means by which the city can finance a gigantic transit program "to abate the present intolerable conditions of service...
...onetime (1910-12) commissioner of street railways in Cleveland. Although New York's two systems are figuratively autonomous, Mr. Dahl is board chairman of both because of B. M. T.'s large I. R. T. holdings. Because he is the biggest figure in New York's transit business and because he played so prominent a part in the Untermyer negotiations, observers believed that, instead of losing his job if and when the unification plan becomes an actuality, he may sell his lines to the city only to be appointed operating chief of the public corporation proposed...
Died. Richard Floyd Clinch, 65, president of Crerar Clinch Coal Co. and of the Chicago Auditorium Association, vice president of Chicago North Shore & Milwaukee R. R. Co. and of Chicago Rapid Transit Co.; of heart disease; in Chicago...