New York Railways Company

The company went into receivership in 1919 and control was passed to the New York Railways Corporation in 1925 after which all of its remaining lines were replaced with bus routes.

[8][9] New York Railways Company entered receivership on March 20, 1919[10] after an application for a fare increase was denied.

[12] The first streetcars in Manhattan were the horse cars of the New York and Harlem Railroad, which began operations on Bowery on November 26, 1832.

B. Widener, Thomas Dolan, and William L. Elkins incorporated the Metropolitan Traction Company in New Jersey on February 19, 1886.

[19] The great cost of electrifying its lines brought it to bankruptcy in 1900, and the Metropolitan acquired a majority of its stock in March of that year[20] and leased it on April 13.

[21] On November 1, 1905, when the Fort George and Eleventh Avenue Railroad - controlled by the Metropolitan since its incorporation in 1898[22] - opened its line on 145th Street, it entered into an operating agreement with the New York City Railway.

[1][15] After entering receivership, New York City Railway's leases and operating agreements were canceled and their properties were turned over to the receivers of the subsidiaries in 1908: The remaining Metropolitan Street Railway lines were operated by the receivers until January 1, 1912, when they were turned over to the Interborough Consolidated Corporation-controlled[18] Cable Building (New York City)