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| Re: Tuscarora Almanac for August 27 (1406683) | |||
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Re: Tuscarora Almanac for August 27 |
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Posted by Elkeeper on Sun Aug 28 21:57:19 2016, in response to Re: Tuscarora Almanac for August 27, posted by SUBWAYMAN on Sun Aug 28 14:38:28 2016. The problem during the Depression was that the City wanted Unification, so it would not allow fares to be raised above 5 cents. The strategy partially worked when, on August 26th, 1932, the IRT officially went bankrupt. LaGuardia also believed that the City could operate the former IRT and BMT lines, minus the condemned, money losing, el lines, for five cents. During WWII, the nickel fare barely covered the operating expenses, except during 1943, when it showed a modest profit. But, this was a system hampered by wartime shortages and the inability to purchase new rolling stock or equipment. |
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