John Moody quotes, quotations, poems, phrases, words
famous authors, famous people, famous celebrities
PROFILE | PICTURES | NET WORTH | NEWS | VIDEOS | BIO | | QUOTES
Home > > > Quotes

Quotes / Quotations


Sponsored link:
John Moody QUOTES / QUOTATIONS
As a result of these new conditions, the States, cities, and towns were welded together, and population and prosperity increased rapidly in those inland sections which had formerly languished because they had no means of easy and rapid communication.
Quotation of John Moody
As late as 1842 a train was started only when sufficient traffic was waiting along the road to warrant the use of the engine.
Quotation of John Moody
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.
Quotation of John Moody
As we enter the Civil War period, we find the three important properties which were afterwards to make up the Vanderbilt system all developing rapidly and logically into the strategic relationship which would make ultimate consolidation inevitable.
Quotation of John Moody
Before the opening of the Civil War and until immediately after its end, the New York Central and the Erie systems were controlled by bitterly antagonistic interests.
Quotation of John Moody
Both freight and passenger charges, however, were still maintained at an unprofitable rate, and, after the death of John W. Garrett, the credit of the Baltimore and Ohio continued to decline.
Quotation of John Moody
But the great miracle of the nineteenth century - the building of a new nation... and diffusing among them the necessities and comforts of civilization to a greater extent than the world had ever known before is explained by the development of harvesting machinery and of the railroad.
Quotation of John Moody
But while at Pittsburgh the road had everything to favor it... in the great Eastern metropolis the Pennsylvania Railroad was at an obvious disadvantage, particularly as compared with the New York Central, which had its splendid terminal rights penetrating to the heart of the city.
Quotation of John Moody
By 1880 four different lines of railroad were running through to the Pacific States, and a fifth, the Denver and Rio Grande, had penetrated through the mountains of Colorado and across Utah to the Great Salt Lake.
Quotation of John Moody
By 1885 the Vanderbilt lines had grown in extent and importance far beyond any point of which the elder Vanderbilt had ever dreamed.
Quotation of John Moody
By this time Vanderbilt had achieved a great reputation as a man who created values, earned dividends, and invented wealth as if by magic; other railroad managers now began... ask him to do with them what he had done with the Harlem and the Hudson River.
Quotation of John Moody
Canals might indeed linger for a time as feeders... but every one now realized that the railroad was to be the great agency which would give plausibility to the industrial organization of the United States and develop its great territory.
Quotation of John Moody
Consequently many large railroad systems of heavy capitalization bid fair to run into difficulties on the first serious falling off in general business.
Quotation of John Moody
Farmers, merchants, manufacturers, and the traveling public have all had their troubles with the transportation lines, and the difficulties to which these struggles have given rise have produced that problem which is even now apparently far from solution.
Quotation of John Moody
Federal railroad regulation... had steadily increased through the years; the Sherman Anti-trust Act, passed in 1890, had been interpreted broadly as affecting the railroads of the country as well as the industrial and other combinations.
Quotation of John Moody
For under the Commodore's magic touch the Harlem Railroad for the first time in its long history began to pay dividends at a high rate, and in four years the earnings of the Hudson River property had nearly doubled.
Quotation of John Moody
From that date forward, the history of the Vanderbilt railroads has been closely identified with the House of Morgan. J.P. Morgan and his business associates became the company's financial agents, and thereafter all plans of expansion or consolidation were handled directly by them.
Quotation of John Moody
Grades have been eliminated everywhere and the whole route has been modernized and strengthened by the laying of one hundred to one hundred and fifty pound rails.
Quotation of John Moody
Great men are usually the products of their times and one of the men developed by these times takes rank with the greatest railroad leaders in history.
Quotation of John Moody
Horses and mules, and even sail cars, made more rapid progress than did the earliest locomotive.
Quotation of John Moody
In 1831, steam locomotives were tested, and one of them, the York, was found capable of conveying fifteen tons at the rate of fifteen miles an hour on level portions of the road.
Quotation of John Moody
In 1862, when the charter was granted by the United States Government for the construction of a railroad from Omaha to the Pacific coast, the only States west of the Mississippi Valley in which any railroad construction of importance existed were Iowa and Missouri.
Quotation of John Moody
In 1871 the Cleveland and Pittsburgh Railroad, which had been opened as early as 1852, came under the Pennsylvania control.
Quotation of John Moody
In fact there were railroads long before there were steam engines or locomotives.
Quotation of John Moody
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.
Quotation of John Moody
In the earlier days of railroading, and especially in the long period which came to an end with the death of Harriman, the typical railroad president was usually a man of great wealth who had secured his position by owning a large financial interest in the property.
Quotation of John Moody
In the United States three new methods of transportation made their appearance at almost the same time - the steamboat, the canal boat, and the rail car.
Quotation of John Moody
In this wise the Commodore not only added millions to his already growing fortune but also made himself a power in the financial world.
Quotation of John Moody
It had opened up millions of acres to cultivation, given homesteads to millions of people, many of whom were immigrants from Europe, developed mineral lands of incalculable value, created several new great States, and made the American nation a unified whole.
Quotation of John Moody
It was a simple matter to find fault with the railroad; it has always been its fate to arouse the opposition of the farmers.
Quotation of John Moody
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.
Quotation of John Moody
On July 18, 1858, the first through train passed over the entire line from Philadelphia via Mount Joy to Pittsburgh without transfer of passengers. At the same time the first smoking car ever attached to a passenger train was used, and sleeping cars also soon began to appear.
Quotation of John Moody
One of the primary objects of Pennsylvania Railroad policy has been to keep pace with the growth of the country.
Quotation of John Moody
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.
Quotation of John Moody
Railroads had been operating for many years in this country before it dawned upon the farmers that this great improvement, which many had hailed as his greatest friend, might be his greatest enemy.
Quotation of John Moody
The builders of the Santa Fe lines in the early days no doubt planned ultimately to penetrate to the Pacific coast, knowing that the real opportunity for the road lay in that direction.
Quotation of John Moody
The close relationship between railroad expansion and the genera development and prosperity of the country is nowhere brought more distinctly into relief than in connection with the construction of the Pacific railroads.
Quotation of John Moody
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.
Quotation of John Moody
The development of railroad properties under the Vanderbilt influence was not confined to the territory east of Chicago and the Mississippi Valley.
Quotation of John Moody
The Erie Railroad control was always nominally for sale, and, as the annual election approached, a majority of stockholders stood ready to sell their votes to the highest bidder.
Quotation of John Moody
The financial history of the Baltimore and Ohio since the close of the nineteenth century is interesting chiefly in connection with changes in the control of the property.
Quotation of John Moody
The Flying Dutchman, one of the cars devised to furnish motive power, provided for the horse or mule a treadmill which would revolve the wheels and make the distance of twelve miles in about an hour and a quarter.
Quotation of John Moody
The history of the Erie Railroad ever since 1901 has been a record of progress.
Quotation of John Moody
The idea of connecting the waters of the Chesapeake with those of the Ohio had been broached by George Washington before the Revolution, and he had also prophesied the union of the Hudson and Lake Erie by canal.
Quotation of John Moody
The market was buoyant; speculation was rampant; and the outside public, the delight and prey of Wall Street gamblers, were as usual drawn in by the fascination of acquiring wealth without labor.
Quotation of John Moody
The nation did not begin to realize the extraordinary possibilities of the vast Western territory until its attention was thus suddenly and definitely concentrated on the Pacific by the annual addition of over fifty million dollars to the circulating medium.
Quotation of John Moody
The old saying that capital is the most timid thing in the world and does not like pioneering is strongly emphasized by such instances as this, and no doubt in 1864 the enormous grants of free land made by Congress did not appear especially attractive to the man who had money to invest.
Quotation of John Moody
The outstanding dramatic event in the story of the modern Northern Pacific was the famous corner which occurred in the spring of 1901 as a result of a contest between the Hill and the Harriman interests for the control of the property.
Quotation of John Moody
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.
Quotation of John Moody
The railroad is sprung from the application of two fundamental ideas - one the use of a mechanical means of developing speed, the other the use of a smooth running surface to diminish friction.
Quotation of John Moody
The railroad originally was as completely dissociated from steam propulsion as was the ship.
Quotation of John Moody
The railroad, they said, was a natural monopoly; no private citizen could hope ever to own one; it was thus a kind of monster which, if encouraged, would override all popular rights.
Quotation of John Moody
The remarkable character of this achievement is evident in view of the fact that in the period from 1893 to 1898 more than sixty-five per cent of all the railroad mileage in the United States went into the hands of receivers.
Quotation of John Moody
The States which form the northern border of the United States westward from the Great Lakes to the Pacific coast include an area several times larger than France and could contain ten Englands and still have room to spare.
Quotation of John Moody
The ultimate plan, which proved too visionary, was to consolidate under one control a vast network of lines extending all over the continent.
Quotation of John Moody
The United States as we know it today is largely the result of mechanical inventions, and in particular of agricultural machinery and the railroad.
Quotation of John Moody
The Vanderbilt family no longer possesses a majority interest in the stock, or anything which approaches it, and the New York Central system and its subsidiaries have come to be known more and more as Morgan properties.
Quotation of John Moody
This growing sentiment finally persuaded the Legislature to charter in April, 1832, the New York and Erie Railroad Company, and to give it authority to construct a line and to regulate its own charges for transportation.
Quotation of John Moody
Times were not the best, however, and, although much traffic was developed, the immense cost of the extensions heavily burdened the Baltimore and Ohio Company, while the panic of 1857 seriously embarrassed its credit.
Quotation of John Moody
To this end, the Pennsylvania Railroad was incorporated on April 13, 1846, with a franchise permitting the construction of a railroad across the State from Harrisburg to Pittsburgh.
Quotation of John Moody
Under the Thomson management, which lasted until 1874, the record of the Pennsylvania Railroad was one of progress in every sense of the word.
Quotation of John Moody
When business revived in the closing years of the nineteenth century, the history of American railroads began a new chapter.
Quotation of John Moody
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.
Quotation of John Moody
When these facts became public, the capital stock of the Baltimore and Ohio, which for generations had been looked upon as one of the most secure of railroad investments, dropped to almost nothing, and the most strenuous financial efforts were required to keep the company out of bankruptcy.
Quotation of John Moody
While no one railroad can completely duplicate another line, two or more may compete at particular points.
Quotation of John Moody
While the New York Central was in an ideal position for handling all traffic destined for the New England States, the Pennsylvania could control practically none of this business, as its terminals were on the wrong side of the Hudson and necessitated... the much more expensive handling of freight.
Quotation of John Moody
With the reorganization of 1898 finished, the Baltimore and Ohio Railroad entered a new period in its history.
Quotation of John Moody
Yet the enthusiasts for railroads could not be discouraged, and presently the whole population divided into two camps, the friends of the canal, and the friends of the iron highway.
Quotation of John Moody
Yet the railroad speedily demonstrated its practical value; many of the first lines were extremely profitable, and the hostility with which they had been first received soon changed to an enthusiasm which was just as unreasoning.
Quotation of John Moody
Yet, in 1850 nearly all the railroads in the United States lay east of the Mississippi River, and all of them, even when they were physically mere extensions of one another, were separately owned and separately managed.
Quotation of John Moody