New York City's Interborough Rapid Transit Company Sued to Foreclose a Mortgage on the Horse Railroad in 1911

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In its final years before it was replaced by a monorail line and, then, buses, the horse railroad that once ran from Bartow Station on the New Haven Branch line to the tip of City Island ran into financial difficulties.  In 1902, the Pelham Park Railroad Company took out a $27,500 mortgage on the line.  Nine years later, New York City's Interborough Rapid Transit Company sued to foreclose on that mortgage.  A very brief notice of the suit appeared in the December 10, 1911 issue of the New-York Tribune and is quoted below.

"I.R.T. CO. SUES PELHAM PARK R.R.

The Interborough Rapid Transit Company filed a suit yesterday against the Pelham Park Railroad Company and others to foreclose a mortgage of $27,500 on the line of the Pelham Park company, extending from the Bartow station of the New York, New Haven & Hartford Railroad through Pelham Park to Marshall's Corner, with tracks, rights, franchises and privileges.  The mortgage was made in 1902."

Source:  I.R.T. Co. Sues Pelham Park R.R., New-York Tribune, Dec. 10, 1911, p. 6, col. 2.

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