Yates Avenue and Flatbush Railroad stock certificate c1881 (New York)

Plain certificate representing the history of the New York City subway system. Unissued and not cancelled. Circa 1881 from company records. Measures approximately 8.5 by 5 inches.

The Yates Avenue and Flatbush Railroad was organized in 1881 to build a branch of the Broadway Railroad, beginning at Broadway and Yates Avenue (present-day Marcus Garvey Boulevard) in Bedford–Stuyvesant, continuing south on Yates to Fulton Street, then east on Fulton, where it ran over the Brooklyn City Rail Road's Fulton Street Line to Troy Avenue, and continued south on Troy to end at Bergen Street.

The Broadway Railroad leased the line on December 31, 1881. The Brooklyn, Queens County and Suburban Railroad, owned by the Long Island Traction Company (later the Brooklyn Rapid Transit Company (BRT)), leased the Broadway Railroad in early 1894, and the line was electrified in late October.

After the Nassau Electric Railroad, which owned the Bergen Street Line, was leased to the Brooklyn Heights Railroad in 1899, Sumner Avenue cars were extended south/east along the Bergen Street, Saint Johns Place, and Ralph Avenue lines to Brownsville and west along the Bergen Street Line to Hamilton Ferry in Red Hook. The BRT would become the Brooklyn–Manhattan Transit Corporation (BMT) in 1923.

The Brooklyn–Manhattan Transit Corporation (BMT) was an urban transit holding company, based in Brooklyn, New York City, United States, and incorporated in 1923. The system was sold to the city in 1940. Today, together with the city-built Independent Subway System subway system, it forms the B Division of the modern New York City Subway.

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