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| Re: A VERY Lost A Train! (1285672) | |||
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Re: A VERY Lost A Train! |
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Posted by JayZeeBMT on Mon Apr 14 00:18:28 2014, in response to Re: A VERY Lost A Train!, posted by Train Dude on Sun Apr 13 23:44:08 2014. On this, I think you're correct. The Transit Museum used to have all kinds of old annual reports from the NYCTA and MTA, which they sold out of the Gift Shop next to the (then) RR Theater. I used to pick them up as interesting historical reading. Basically in them, there were tables and charts telling which monies were used to buy what things, and where these funds came from. I do clearly recall a 1961 NYCTA AR that spelled out the terms of a huge bond issue that was made to cover the purchase of "600 stainless-steel passenger cars", which, of course, became contract R-32.However, I am uncertain as to what was done with the funding of the other cars in the 1960s purchases, because Chase most certainly did get involved with the bond programs of that era, as did several other big banks. I'm not sure if they invested, sold, or merely backed their issue, but it is clear they were involved in the city and MTA transactions involving these cars, which, as you correctly noted, extend all the way to contract R-46. The city, or later the MTA may have owed these subway cars outright, but I trust my memory, when it tells me I actually did see Metropolitan and Cosmopolitan cars with plaques on them identifying the PANYNJ as their owner. |
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