Word: transitions
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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...
...fare from 5? or to abrogate the dual contracts. Raising the fare is politically impossible and the only way the contracts can be abrogated is for the city to take over the two private systems, merge them with its own Independent line. Sporadically, until it seemed an empty catchword, transit unification has come up in New York City politics...
...crusty Republican Governor Nathan Miller put a major hurdle in the way by creating a State Transit Commission with sole unification powers. It bickered with the city and nothing resulted...
After the 1925 Legislature provided that the city must approve any unification plan devised by the Transit Commission, the Commission's Special Counsel Samuel Untermyer in 1930 offered to pay $489,000.000 for both companies. This was the highest price ever suggested, but B. M. T.'s square-jawed Chairman Gerhard Melvin Dahl held out for more...