Long Island Traction Company

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For the street railway company in Queens and Nassau County, see New York and Long Island Traction Company.

The Long Island Traction Company was a street railway holding company in Brooklyn and Queens, New York City, United States.

History[]

In order to get around anti-stock watering statutes, the owners of the Brooklyn City Rail Road, capitalized at $6 million, incorporated the Long Island Traction Company in West Virginia in March 1893 with a capital of $30 million. The BCRR-controlled[1] Brooklyn Heights Railroad, until then the operator of only the short cable-operated , leased the BCRR on June 6, 1893.[2][3][4] The Long Island Traction Company acquired the by May 1893,[5] and incorporated the Brooklyn, Queens County and Suburban Railroad on November 24, 1893 to take it over, as well as the and .[6] The increased capitalization was used to convert the companies from horse car to trolley operations.

The Long Island Traction Company went bankrupt in mid-1895[7] after a January strike.[8] The Brooklyn Rapid Transit Company was incorporated January 18, 1896,[9] and took over the LI Traction Company in early February.[10]

Controlled lines[]

From the Brooklyn City Rail Road[11]
  • Bushwick Line
  • Crosstown Line
  • Flatbush Avenue Line
  • Fulton Street Line
  • Furman Street Line
  • Gates Avenue Line
  • Grand Street Line
  • Greenpoint Line
  • Hamilton Avenue Line
  • Holy Cross Line
  • Lorimer Street Line
  • Meeker Avenue Line
  • Myrtle Avenue Line
  • Nostrand Avenue Line
  • Putnam Avenue Line
  • Richmond Hill Line
  • Third Avenue Line
  • Tompkins Avenue Line
  • Union Avenue Line
From the Brooklyn Heights Railroad
From the [12]
  • Broadway Line
  • Ralph Avenue Line
  • Reid Avenue Line
  • Sumner Avenue Line
From the [12]
From the [12]

References[]

  1. ^ "The Montague Street Road". Brooklyn Daily Eagle. Brooklyn, NY. 18 July 1890. p. 6.
  2. ^ Frank Parsons, The City for the People: Or, The Municipalization of the City Government and of Local Franchises, page 96
  3. ^ William Z. Ripley, Trusts, Pools and Corporations, page 146
  4. ^ "The Lease of the City Lines". Brooklyn Daily Eagle. Brooklyn, NY. 7 June 1893. p. 10.
  5. ^ "Reaching for Routes". Brooklyn Daily Eagle. Brooklyn, NY. 31 May 1893. p. 10.
  6. ^ "Surface Railroad Deals". Brooklyn Daily Eagle. Brooklyn, NY. 25 November 1893. p. 1.
  7. ^ "Local Stocks and Bonds". Brooklyn Daily Eagle. Brooklyn, NY. 2 June 1895. p. 23.
  8. ^ "The Tie Up". Brooklyn Daily Eagle. Brooklyn, NY. 14 January 1895. p. 1.
  9. ^ "L.I. Traction Reorganization". Brooklyn Daily Eagle. Brooklyn, NY. 18 January 1896. p. 1.
  10. ^ "Local Stocks and Bonds". Brooklyn Daily Eagle. Brooklyn, NY. 9 February 1896. p. 23.
  11. ^ Report of the Special Committee of the Assembly Appointed to Investigate the Causes of the Strike of the Surface Railroads in the City of Brooklyn, 1895, pages 33-34
  12. ^ a b c Report of the Special Committee of the Assembly Appointed to Investigate the Causes of the Strike of the Surface Railroads in the City of Brooklyn, 1895, pages 52-53
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