Correspondence, legal opinions, and copies of legislation relating to a ten million dollar loan from the Reconstruction Finance Corporation to modernize the Seattle Municipal Street Railway System. The City issued bonds to pay for the loan. The system was reorganized as the Seattle Transit System under the direction of the Seattle Transportation Commission. Included are documents outlining the organization and authority of the Commission.

Financial and narrative reports to the Reconstruction Finance Corporation regarding progress on the rehabilitation of the transit system in Seattle.