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Union Traction and the
Philadelphia Rapid Transit system
Page entitled : Philadelphia's rapid transit
system completed
Content of this page is about :
How after the merger, Peter A. Brown Widener and William L. Elkins
controlled the street railways in Philadelphia and how invested their
profits.
Extract :
…
also participated in the
consolidation of street railways in other cities, notably in New York, where
they co-founded the infamous Metropolitan, and in Chicago, where they backed
Charles T. Yerkes, a notorious corrupter of city officials. But their
probably best investment was made in conjunction of their New York partners
(William C. Whitney, Thomas F. Ryan and Anthony N. Brady) when they acquired
a huge stake in ...
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