Talk:Brooklyn-Manhattan Transit Corporation
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[edit] Merge with BRT
While the B-MT was the corporate successor of the BRT, they were not the same and these articles really shouldn't be merged. Merger would also create future difficulties if the articles are expanded. For example, the BRT was the umbrella for the whole system, but with leaseholds on various lines. When the BRT went bankrupt, the Brooklyn City Railroad (trolleys) was reconstituted as a separate corporation. When the BMT came in, Brooklyn City was not included but was merged in 1928 with the other surface lines to form Brooklyn & Queens Transit Corporation.
So you see, it is not so simple. -- Cecropia | explains it all ® 22:09, 25 Jan 2005 (UTC)
- Ah. Was there a company or companies that owned the lines that became part of the BMT? Or was it completely split at auction? --SPUI 22:13, 25 Jan 2005 (UTC)
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- It's really complicated. One of these days I'll chart it out. There was no auction. The BRT was a holding company that both leased other companies and created companies as subsidiaries. These could get really complicated. For example, the BRT leased the Brooklyn City Railroad and Nassau Electric Railway (among others) who continued to operate their streetcar lines, but under the BRT banner. The BRT also formed corporations to supply power, to order equipment, to construct infrastructure, and to actually operate lines that weren't operated by pre-existing companies. For example, the BRT formed the New York Consolidated Railroad which actually operated BRT elevated lines. Then it formed the New York Municipal Railway to contract with New York City and operate Dual Contract Lines.
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- When the BRT became bankrupt it was like untangling and reknotting a pot of spaghetti. Nassau Electric went bankrupt with the BRT but Brooklyn City did not. After the BMT was formed the BMT assumed some of the BRT leases and formed other new companies, such as the New York Rapid Transit Corporation which ran all the lines that had previously been NYM and NYCRR.
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- The South Brooklyn Railway (SBK) is a special case. It started as a terminal company, weathered the BRT and BMT, while being part of them. In 1940 the City, realizing that absorbing the SBK into the Board of Transportation (later Transit Authority) would expose the entire system to the ICC and now the FRA, retained out the SBK as a separate corp., and it still is. -- Cecropia | explains it all ® 22:32, 25 Jan 2005 (UTC)
