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Founded on May 6, 1902, by August Belmont, Jr., the IRT's mission was to operate New York City's initial underground rapid transit system after Belmont's and John B. McDonald's Rapid Transit Construction Company was awarded the rights to build the railway line in 1900, outbidding Andrew Onderdonk.
From nycsubway.org. (click to enlarge) The Interborough Rapid Transit Subway, or IRT, was the first subway company in New York City. Even with elevated train lines springing up around the city, the need for an underground rapid transit railroad was obvious as a solution to street congestion and to assist development in outlying areas.
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Belmont incorporated the Interborough Rapid Transit Company (IRT) in April 1902 as the operating company for both contracts; the IRT leased the Manhattan Railway Company, operator of the four elevated railway lines in Manhattan and the Bronx, on April 1, 1903.
The Interborough Rapid Transit Company ( IRT) was the private operator of New York City 's original underground subway line that opened in 1904, as well as earlier elevated railways and additional rapid transit lines in New York City.
Belmont founded the Interborough Rapid Transit Company in 1902 to help finance the construction of and operate the first line of what is now the New York City Subway. He served as president, and, in 1907, chairman of the company. [7] . Belmont holds the distinction of owning the world's only purpose built private subway car.
Founded on May 6, 1902, by August Belmont, Jr., the IRT's mission was to operate New York City's initial underground rapid transit system after Belmont's and John B. McDonald 's Rapid Transit Construction Company was awarded the rights to build the railway line in 1900, outbidding Andrew Onderdonk.
Oct 27, 2011 · On Oct. 27, 1904, the first rapid transit subway, the Interborough Rapid Transit (I.R.T.), opened in New York City. The line ran approximately nine miles from City Hall north to Grand Central...
