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The Brooklyn Rapid Transit Company (BRT) was a public transit holding company formed in 1896 to acquire and consolidate lines in Brooklyn and Queens, New York City, United States. A holding company is a company that owns part all or a majority of other companies' outstanding Stock. Brooklyn (named after the Dutch town Breukelen) is one of the five boroughs of New York City. The City of New York The United States of America —commonly referred to as the

History

The BRT was incorporated January 18, 1896,[1] and took over the bankrupt Long Island Traction Company in early February. Events 350 - Generallus Magnentius deposes Roman Emperor Constans and proclaims himself Emperor Year 1896 ( MDCCCXCVI) was a Leap year starting on Wednesday (link will display the full calendar of the Gregorian Calendar (or a Leap year Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their Creditors Creditors may file a bankruptcy petition against The Long Island Traction Company was a Street railway Holding company in Brooklyn and Queens, New York City, United States [2] Thus it started out by owning the Brooklyn Heights Railroad, lessee of the Brooklyn City Rail Road, and the Brooklyn, Queens County and Suburban Railroad. The Brooklyn Heights Railroad was a Street railway company in the U The Brooklyn City Railroad (BCRR was the oldest and one of the largest operators of Streetcars ( Horsecars and later trolleys) in the City of The Brooklyn Queens County and Suburban Railroad was a Street railway company in Brooklyn and Queens, New York, United States. The BHRR leased the BQC&S on July 1, 1898. "July 1st" redirects here For the Ayumi Hamasaki song see H (song. Year 1898 ( MDCCCXCVIII) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar (or a Common [3]

By 1900, it had acquired virtually all of the rapid transit and streetcar operations in its target area:

Only the Coney Island and Brooklyn Railroad and the short Van Brunt Street and Erie Basin Railroad remained independent; the former was acquired in 1913 or 1914. A rapid transit, underground, subway, elevated railway or metro(politan system is an electric passenger railway A tram, tramcar, trolley, trolley car, or streetcar is a railborne vehicle, of lighter weight and construction than a Train The BMT Sea Beach Line is a Rapid transit line of the BMT division of the New York City Subway, connecting the BMT Fourth Avenue Line subway The Nassau Electric Railroad was an electric Street railway company in the U The Atlantic Avenue Railroad was a Railroad company is the US The West End Line or New Utrecht Avenue Line was a Surface transit line in Brooklyn, New York City, United States, running along The South Brooklyn Railway is a Railroad in the New York City borough of Brooklyn. The Brooklyn Elevated Railroad was an Elevated railroad company in Brooklyn, New York City, United States, operated from 1885 until 1899 when The BMT Brighton Line is a Rapid transit line of the B Division of the New York City Subway in Brooklyn, New York City, United The Kings County Elevated Railway Company (KCERy was a builder and operator of Elevated railway lines in Kings County, New York, now coextensive with the Events 1218 - The Fifth Crusade leaves Acre for Egypt. 1276 - Magnus Ladulås is crowned Year 1900 ( MCM) was an exceptional Common year starting on Monday (link will display the full calendar of the Gregorian calendar The Culver Line, Gravesend Avenue Line, or McDonald Avenue Line was a surface Public transit line in Brooklyn, New York City, Events 618 - Coronation of the Chinese governor Li Yuan as Emperor Gaozu of Tang, the new Emperor of China, initiating three centuries Year 1899 ( MDCCCXCIX) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar (or a Common The Coney Island and Brooklyn Railroad was originally a Horsecar line in Kings County New York (now the borough of Brooklyn in New York [10]

Though the BRT was the public face of the consolidated companies, it left it to the acquired companies or newly formed companies to carry out the actual operation of the system, to provide power and services for the system, and even to design and acquire rolling stock. Until 1907, the only operating company was the Brooklyn Heights Railroad.

The elevated railroads were operated by a new corporation, the New York Consolidated Railroad. Starting in 1899 the Brooklyn Rapid Transit Company (BRT 1896-1923 and Brooklyn-Manhattan Transit Corporation (BMT 1923-1940 operated Rapid transit lines in In 1913, the BRT, through another subsidiary, the New York Municipal Railway, signed the Dual Contracts with the City of New York, to construct and operate new subways and other rapid transit lines to be built or improved under these contracts. Year 1913 ( MCMXIII) was a Common year starting on Wednesday (link will display the full calendar of the Gregorian calendar (or a Common Starting in 1899 the Brooklyn Rapid Transit Company (BRT 1896-1923 and Brooklyn-Manhattan Transit Corporation (BMT 1923-1940 operated Rapid transit lines in The Dual Contracts of 1913 also known as the Dual Subway System, were Contracts for the construction and/or rehabilitation and operation of Rapid transit The City of New York

World War I and the attendant massive inflation associated with the war put New York transit operators in a difficult position, since their contracts with the City required a five-cent fare be charged, while inflation made the real value of the fare less than three cents in constant currency value. World War I (abbreviated WWI; also known as the First World War, the Great War, and the War to End All In economics inflation or price inflation is a rise in the general level of prices of goods and services over a period of time On November 1, 1918, the BRT suffered the Malbone Street Accident, the second worst rapid transit train wreck to occur in the United States, killing at least 93 people. Events 996 - Emperor Otto III issues a deed to Gottschalk Bishop of Freising which is the oldest known document using the name Ostarrîchi Year 1918 ( MCMXVIII) was a Common year starting on Tuesday (link will display the full calendar of the Gregorian calendar (or a Common The Malbone Street Wreck, also known as the Brighton Beach Line Accident of the Brooklyn Rapid Transit Company (BRT was a Rapid transit railroad accident

Though the claims from the wreck didn't, in themselves, force the company into bankruptcy, they further destabilized the financially struggling company, and the BRT became insolvent in 1919. Year 1919 ( MCMXIX) was a Common year starting on Wednesday (link will display the full calendar of the Gregorian calendar (or a Common

During its short history, the BRT rose to become a prominent corporation and industry leader in the railroad field, winning the prestigious single-letter symbol B on the New York Stock Exchange. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City.

In 1923 the BRT was restructured and released from bankruptcy as the Brooklyn-Manhattan Transit Corporation. Year 1923 ( MCMXXIII) was a Common year starting on Monday (link will display the full calendar of the Gregorian calendar. The Brooklyn-Manhattan Transit Corporation ( BMT) was an Urban transit Holding company, based in Brooklyn, New York City, United

References

  1. ^ "L.I. Traction Reorganization", Brooklyn Daily Eagle, January 18, 1896, p. The Brooklyn Eagle, also called The Brooklyn Daily Eagle, was a daily newspaper published in Brooklyn, New York from October 26 Events 350 - Generallus Magnentius deposes Roman Emperor Constans and proclaims himself Emperor Year 1896 ( MDCCCXCVI) was a Leap year starting on Wednesday (link will display the full calendar of the Gregorian Calendar (or a Leap year  1.  
  2. ^ "Local Stocks and Bonds", Brooklyn Daily Eagle, February 9, 1896, p. The Brooklyn Eagle, also called The Brooklyn Daily Eagle, was a daily newspaper published in Brooklyn, New York from October 26 Events 474 - Zeno crowned as co-emperor of the Byzantine Empire. Year 1896 ( MDCCCXCVI) was a Leap year starting on Wednesday (link will display the full calendar of the Gregorian Calendar (or a Leap year  23.  
  3. ^ "Rapid Transit Statement", Brooklyn Daily Eagle, August 26, 1898, p. The Brooklyn Eagle, also called The Brooklyn Daily Eagle, was a daily newspaper published in Brooklyn, New York from October 26 Events 1071 - Battle of Manzikert: The Seljuk Turks defeat the Byzantine Army at Manzikert. Year 1898 ( MDCCCXCVIII) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar (or a Common  7.  
  4. ^ a b "Local Stocks and Bonds", Brooklyn Daily Eagle, November 14, 1897, p. The Brooklyn Eagle, also called The Brooklyn Daily Eagle, was a daily newspaper published in Brooklyn, New York from October 26 Events 1533 - Conquistadors from Spain under the leadership of Francisco Pizarro arrive in Cajamarca, Inca Year 1897 ( MDCCCXCVII) was a Common year starting on Friday (link will display the full calendar of the Gregorian Calendar (or a Common  31.  
  5. ^ "Of the Nassau-Transit Railroad Consolidation Deal", Brooklyn Daily Eagle, November 6, 1898, p. The Brooklyn Eagle, also called The Brooklyn Daily Eagle, was a daily newspaper published in Brooklyn, New York from October 26 Events 355 - Roman Emperor Constantius II promotes his cousin Julian to the rank of Caesar, entrusting him with Year 1898 ( MDCCCXCVIII) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar (or a Common  30.  
  6. ^ a b "Flynn Enjoins Nassau Lease", Brooklyn Daily Eagle, April 4, 1899, p. The Brooklyn Eagle, also called The Brooklyn Daily Eagle, was a daily newspaper published in Brooklyn, New York from October 26 Events 1581 - Francis Drake completes a circumnavigation of the world and is knighted by Elizabeth I. Year 1899 ( MDCCCXCIX) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar (or a Common  1.  
  7. ^ "Local Stocks and Bonds", Brooklyn Daily Eagle, March 19, 1899, p. The Brooklyn Eagle, also called The Brooklyn Daily Eagle, was a daily newspaper published in Brooklyn, New York from October 26 Events 1279 - A Mongolian victory in the Battle of Yamen ends the Song Dynasty in China. Year 1899 ( MDCCCXCIX) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar (or a Common  35.  
  8. ^ "Rapid Transit Company Gets Brighton Beach R.R.", Brooklyn Daily Eagle, March 21, 1899, p. The Brooklyn Eagle, also called The Brooklyn Daily Eagle, was a daily newspaper published in Brooklyn, New York from October 26 Events 630 - Byzantine emperor Heraclius restores the True Cross to Jerusalem. Year 1899 ( MDCCCXCIX) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar (or a Common  1.  
  9. ^ "Local Stocks and Bonds", Brooklyn Daily Eagle, April 16, 1899, p. The Brooklyn Eagle, also called The Brooklyn Daily Eagle, was a daily newspaper published in Brooklyn, New York from October 26 Events 1178 BC - A Solar eclipse may have marked the return of Odysseus, legendary King of Ithaca, to his kingdom Year 1899 ( MDCCCXCIX) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar (or a Common  57.  
  10. ^ a b 1914 Moody's Manual: Brooklyn Rapid Transit CompanyPDF (696 KiB)
  11. ^ "L Merger Certificate", Brooklyn Daily Eagle, May 24, 1900, p. A kibibyte (a contraction of ki lo bi nary byte) is a unit of Information or Computer storage, established by the International The Brooklyn Eagle, also called The Brooklyn Daily Eagle, was a daily newspaper published in Brooklyn, New York from October 26 Events 1218 - The Fifth Crusade leaves Acre for Egypt. 1276 - Magnus Ladulås is crowned Year 1900 ( MCM) was an exceptional Common year starting on Monday (link will display the full calendar of the Gregorian calendar  1.  
  12. ^ "Transit Co. Leases P.P. and C.I. Road", Brooklyn Daily Eagle, June 17, 1899, p. The Brooklyn Eagle, also called The Brooklyn Daily Eagle, was a daily newspaper published in Brooklyn, New York from October 26 Events 1462 - Vlad III the Impaler attempts to assassinate Mehmed II ( The Night Attack) forcing him to retreat Year 1899 ( MDCCCXCIX) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar (or a Common  1.  
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