Corporate History
The KCERy was founded January 6, 1879 but did not open its first line for revenue service until 1888. The company was organized by Judge Hiram Bond and financed by a group of investors from Boston including Willard T. Sears of the architecture firm Cummings and Sears, that had experience in designing stone railroad bridges and ramps. The company did surveys and design work and promoted the project. Due to the principals behind the project being from out of town the project had difficulty getting fully licensed. The package of rights and designs were sold to New York City investors led by Gen. James Jourdan due to the lack of support for the Bostonians by the local political leaders. Due to the persistence of Jourdan the project eventually got off the ground. The company directors besides Jourdan were Edward A. Abbott, Henry J. Davison, Harvey Farrington, Wendell Goodwin, Henry J. Robinson, James O. Sheldon and William A. Read. William A. Read was the financier whose company Read & Company later became Dillon, Read.. On October 1, 1899, the Kings County Elevated Railroad (KCERR) became successor to the KCERy, and on May 24, 1900 the KCERR was merged into its competitor, the Brooklyn Union Elevated Railroad company, thus ending its separate corporate existence.
Read more about this topic: Kings County Elevated Railway
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