build, equip, and operate the extension. Mr. McDonald, as contractor
of the Rapid Transit Subway Construction Company, assumed the general
supervision of the work of constructing the Brooklyn extension; and
the construction work of both the original subway and the extension
has been carried on under his direction. The work of construction has
been greatly facilitated by the broad minded and liberal policy of the
Rapid Transit Board and its Chief Engineer and Counsel, and by the
coöperation of all the other departments of the City Government, and
also by the generous attitude of the Metropolitan Street Railway
Company and its lessee, the New York City Railroad Company, in
extending privileges which have been of great assistance in the
prosecution of the work. In January, 1903, the Interborough Rapid
Transit Company acquired the elevated railway system by lease for 999
years from the Manhattan Railway Company, thus assuring harmonious
operation of the elevated roads and the subway system, including the
Brooklyn extension.

The incorporators of the Interborough Rapid Transit Company were
William H. Baldwin, Jr., Charles T. Barney, August Belmont, E. P.
Bryan, Andrew Freedman, James Jourdan, Gardiner M. Lane, John B.
McDonald, DeLancey Nicoll, Walter G. Oakman, John Peirce, Wm. A. Read,
Cornelius Vanderbilt, George W. Wickersham, and George W. Young.

The incorporators of the Rapid Transit Subway Construction Company
were Charles T. Barney, August Belmont, John B. McDonald, Walter G.
Oakman, and William A. Read.

[Illustration: (wings)]

[Illustration: EXTERIOR VIEW OF POWER HOUSE]