Interborough-Metropolitan Co.

PMG Graded Specimen Stock, 58 EPQ Choice About Incirculated. Printed by American Bank Note-NY. Rare! While for a short time there was rivalry between different sets of capitalists to gain control of new subway routes, this was killed consolidation of interests. Surface-railway interests opposed the Interborough Rapid Transit Co., which had the operating franchise of the subway and also leased the Manhattan elevated railways. The capitalists controlled the Metropolitan Street Railway combine, and the latter publicly offered to build a subway route as soon as a route should be up for bidding. But before this event could occur, the rival interests combined in the formation of the Interborough-Metropolitan Company merger, and threatened competition was put to sleep. A New Subway Line for New York City The Triborough System: Its History Published in Engineering News, Vol. 63, No. 10. March 10, 1910.