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| Re: Unbuilt Stuff (1170575) | |||
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Re: Unbuilt Stuff |
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Posted by Elkeeper on Sat Aug 4 11:43:55 2012, in response to Re: Unbuilt Stuff, posted by Lou From Middletown NY on Fri Aug 3 07:27:06 2012. I really blame the Manhattan El directors, who sat on the Interboro's Board. Everyone hated Jay Gould's Manhattan Elevated, before the IRT leased it, and the same directors were now part of the IRT's Board of Directors. Looking back, it probably would have been better for the IRT to have had joint elevated service with the MER in the Bronx, perhaps, similar to the later joint Astoria/Flushing service with the BMT. The Interboro never got the money back that it had invested into the MER, before, during, and after the Dual Contracts of 1913. The Manhattan els started to lose ridership after 1918, culminating in the IRT's receivership in 1932, during the Depression. Even during receivership, the directors resisted any efforts by the IRT to curtail any el service. And remember, when LaGuardia finally did get to shut down and purchase the 6th ave el in 1938, he paid the Manhattan bondholders, not the IRT. Even so, a few of the MER directors were not pleased with the price and sued the City. These lawsuits were not settled until 5/27/43, some 3 years after Unification. |
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