John Moody Quotes & Sayings (Page 2)

“The railroad originally was as completely dissociated from steam propulsion as was the ship.”

“Consequently many large railroad systems of heavy capitalization bid fair to run into difficulties on the first serious falling off in general business.”

“In the decade before the Civil War various north and south lines of railway were projected and some of these were assisted by grants of land from the Federal Government.”

“Many of the railroad evils were inherent in the situation; they were explained by the fact that both managers and public were dealing with a new agency whose laws they did not completely understand.”

“People began to understand that with the acquisition of California the nation had obtained practically half a continent, of which the future possibilities were almost unlimited, so far as the development of natural resources and the genera production of wealth were concerned.”

“The construction of extensive railways, however, and particularly the consolidation of small, experimental lines into large systems, dates from the days of the discovery of gold in California.”

“The public conviction that a railroad linking the West and the East was an absolute necessity became so pronounced after the gold discoveries of '49 that Congress passed an act in 1853 providing for a survey of several lines from the Mississippi to the Pacific.”

“When the scheme for the construction of a railroad from Baltimore to the waters of the Ohio River first began to take form, the United States had barely emerged from the Revolutionary period.”

“With the reorganization of 1898 finished, the Baltimore and Ohio Railroad entered a new period in its history.”

“As the contest proceeded, public interest increased and the entire country watched to see which company would win the big government subsidies through the mountains.”