TheLong Island Traction Company was astreet railwayholding company inBrooklyn andQueens,New York City,United States.
In order to get around anti-stock watering statutes, the owners of theBrooklyn City Rail Road, capitalized at $6 million, incorporated the Long Island Traction Company inWest Virginia in March 1893 with a capital of $30 million. The BCRR-controlled[1]Brooklyn Heights Railroad, until then the operator of only the shortcable-operatedMontague Street Line, leased the BCRR on June 6, 1893.[2][3][4] The Long Island Traction Company acquired theBroadway Railroad by May 1893,[5] and incorporated theBrooklyn, Queens County and Suburban Railroad on November 24, 1893 to take it over, as well as theBroadway Ferry and Metropolitan Avenue Railroad andJamaica and Brooklyn Railroad.[6] The increased capitalization was used to convert the companies fromhorse car totrolley operations.
The Long Island Traction Company wentbankrupt in mid-1895[7] after a Januarystrike.[8] TheBrooklyn Rapid Transit Company was incorporated January 18, 1896,[9] and took over the LI Traction Company in early February.[10]