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Bids were opened on January 15, 1900, and the contract, later known as Contract 1, was executed on February 21, 1900, [21] between the commission and the Rapid Transit Construction Company, organized by John B. McDonald and funded by August Belmont Jr., for the construction of the subway and a 50-year operating lease from the opening of the line.
1906 IRT map. A contract, later known as Contract 1, was executed on February 21, 1900, between the commission and the Rapid Transit Construction Company, organized by John B. McDonald and funded by August Belmont, for the construction of the subway and a 50-year operating lease from the opening of the line. The project was divided into fifteen ...
1906 IRT map. The City decided to issue rapid transit bonds outside of its regular bonded debt limit and build the subways itself, and contracted with the IRT (which by that time ran the elevated lines in Manhattan) to equip and operate the subways, sharing the profits with the city and guaranteeing a fixed five-cent fare later confirmed in the ...
Privately owned mass transit in the Boston area evolved from the colonial period into the early 1900s, including ferries, steamships, steam commuter railroads, horse and electric streetcars, elevated railways, and subways. Many streetcar lines were consolidated into the West End Street Railway in 1887.
And railroads were safer: the likelihood of a train crash was less than the likelihood of a boat sinking. The railroads provided cost-effective transportation because they allowed shippers to have a smaller inventory of goods, which reduced storage costs during winter, and to avoid insurance costs from the risk of losing goods during transit. [26]
Interurban as a term encompassed the companies, their infrastructure, their cars that ran on the rails, and their service. In the United States, the early 1900s interurban was a valuable economic institution, when most roads between towns, many town streets were unpaved, and transportation and haulage was by horse-drawn carriages and carts.
The Brooklyn Union Elevated Railroad was incorporated on January 30, 1899, and acquired the property of the bankrupt Brooklyn Elevated Railroad on February 17. The BRT gained control a month later, on March 25, [1] and leased the elevated company to the Brooklyn Heights Railroad, until then solely a street railway company, on April 1.
The Welsh Swansea and Mumbles Railway ran the world's first passenger tram service in 1807 Mule-drawn streetcar, Houston, USA, 1870s An Adelaide, South Australia horse tram and employees at the depot (probably Unley) about 1910 The Douglas Bay Horse Tramway in Douglas, Isle of Man was still operating as of 2017