Avenue. At the ceremony, Vice President of the railroad, John Mason hinted at the railroad's ambitions saying that while the railroad's principal objective was local, its higher importance was to get to Albany. In 1832 the company was given permission to raise its stock limit to $500,000. In November, two horsecars built by John Stephenson were ready for operation, both of which were named after the railroad's president ("John Mason" and "President"). On April 27, 1837, an act was passed in the State Legislature to widen Fourth Avenue between 32nd Street and the Harlem River to provide room for the railroad. The street was widened by on either side, making the street wide. The company ceded the title for the land that would be occupied by Fourth Avenue to the city in exchange for permission to occupy it. In that same year, the railroad purchased six city lots at Fourth Avenue and 26th Street for $7,000 for the construction of car barns and stables. The first section, along Bowery from Prince Street north to 14th Street, consisting of , opened to the public on November 26, 1832. On that day a demonstration showing the car's braking ability was conducted, but inadvertently, one horsecar rear-ended into another with no serious injuries. This might have been the first rear-end collision in the United States. Service was then extended northward along Fourth Avenue to 32nd Street on June 10, 1833. The Murray Hill rock cut was completed in 1834, and service along a -long segment to 85th Street in Yorkville opened on May 1, 1834. Service ran every 15 minutes between 5 a.m. and 8 p.m., and ran every 60 minutes to 10 p.m.. A one-way fare cost 12.5 cents Service was extended to finally reach Harlem on October 26, 1837, with the Yorkville Tunnel constructed to reach this point. At the time, Harlem was just a small suburb of the city. Service was also extended further south. On May 4, 1839, the line was extended south along Bowery, Broome Street and Centre Street to City Hall at Centre Street and Park Row. Service was extended south on November 26, 1852, along Park Row to Astor House at Park Row and Broadway. Extension toward Albany The New York and Albany Railroad had been granted its charter on April 17, 1832, allowing it to build a single or double-track line from Greenbush (on the