DailyTimeCapsule brief
October 12, 1932
On October 12, 1932, the New York City Board approved new bus franchises for a one-year term, granting permits to operators for lines in Manhattan and Queens despite protests from McKee. This decision included unequal terms, with the Fifth Avenue Coach Group agreeing to pay the City 5% on a 10-cent fare, in contrast to others paying 10%. Acting Mayor, who had previously been defeated on a more extensive 10-year permitting plan, opted to accept the one-year grants to prevent disruption in bus services. This event occurred during a period marked by economic challenges in the United States, as the country was grappling with the Great Depression, leading to intense discussions about government involvement in the economy and public services. Meanwhile, political tensions were high, as Calvin Coolidge's appeals for Republican unity at upcoming elections highlighted the party's struggle to maintain support in a changing political landscape.
Key developments
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On October 12, 1932, the Board approved one-year bus franchises for existing emergency lines in Manhattan and Queens despite protests from Acting Mayor McKee. The decision included unequal payment terms, with the Fifth Avenue Coach Group paying a 5% fee on a 10-cent fare, while others faced a 10% fee. This approval was essential to prevent a halt in bus service within the city.
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