Complex sentence: The New York Railways Corporation was a railway company that operated street railways in Manhattan, New York City, United States between 1925 and 1936 having taken over operations of the New York Railways Company which was in receivership.
Split into simpler sentences: The New York Railways Corporation was a railway company that operated street railways in Manhattan, New York City, United States between 1925 and 1936. The organisation was the successor to the New York Railways Company which was in receivership.