New York Rapid Transit

Starting in 1899, the Brooklyn Rapid Transit Company (BRT; 1896–1923) and Brooklyn–Manhattan Transit Corporation (BMT; 1923–1940) operated rapid transit lines in New York City — at first only elevated railways and later also subways. Until 1907, these lines were leased to the Brooklyn Heights Railroad, which also operated the BRT's surface transit lines. In 1907, the lease of the Brooklyn Union Elevated Railroad was canceled, and this company began to operate most of the rapid transit lines. A new company, the New York Consolidated Railroad, was formed in 1912 as the rapid transit operating subsidiary, and that same year the New York Municipal Railway was formed to enter into Contract 4 of the Dual Contracts with the city, under which...