Word: transition
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Dates: during 1930-1939
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These three main systems and their various subsidiaries give the city an efficient transit service, but probably one of the most uneconomic in the U. S. so far as the city itself is concerned...
...B.R.T., which went into receivership in 1918. It emerged as Brooklyn-Manhattan Transit Corp., which now operates a subway connecting Brooklyn and Manhattan and another between Manhattan and Queens, as well as numerous elevateds, bus routes and trolleys in Brooklyn and Queens. B.M.T. makes money ($4,508,462 in fiscal...
Unhappy the stranger in any of New York City's three subways. Equally lost are most natives in the maze of the city's 35-year-old transit troubles. Most New Yorkers long since decided what they wanted-unification of the three lines and a guaranteed 5? fare. But for 18 years the Unification Express has been rattling past stations, stalling in dark tunnels. Suddenly last week, to the general public's surprise, it slowed for a stop. Tentative acceptance of the city's offer to buy the Brooklyn-Manhattan Transit Corp...
...most lucrative franchise ever offered, it drew a lone bid of $1,000, which was promptly rejected. The city thereupon decided to build the subway itself and August Belmont, then a financial outsider, came forward to act as contractor. When the line was finished in 1904, his Interborough Rapid Transit Co. secured a lease to operate...
...further acquiring trolley lines and elevateds, I. R. T. soon had a monopoly on Manhattan transit. Meanwhile Brooklyn Rapid Transit Co. attained a similar monopoly across the river in Brooklyn, though it had no subway then. This cozy set-up has foliated through the years until today New York's rapid transit lines are a complex tangle with only three clear-cut divisions...