Company Revival
In 1919, the BRT went into receivership as the result of a number of factors, such as the serious inflation of World War I, and not helped by the Malbone Street Wreck on the Brighton Line, which killed at least 93 people on November 1, 1918.
Though the BRT was bankrupt, the Brooklyn City was declared solvent, and its charter and separate corporate existence were resumed. The lease by the Brooklyn Heights was ended and the lines the BCRR controlled in 1893 and more became its lines again on October 19, 1919. The BCRR had its own crews, cars and carbarns, and even purchased new equipment in its own name, though the overall planning and management was still effectively with the BRT. A negative consequence for passengers was that BCRR lines no longer issued transfers to the lines still with the BRT, and vice versa.
When the BRT was reorganized as the Brooklyn-Manhattan Transit Corporation (BMT) in 1923, the former BRT companies gradually were brought out of receivership. Nevertheless, the Brooklyn City did not become part of the BMT, but remained a separate company until June 1, 1929, when the BMT formed the Brooklyn and Queens Transit Corporation to consolidate all of its surface operations in one operating company, which finally ended the corporate existence of the Brooklyn City.
Read more about this topic: Brooklyn City Railroad
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