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

Business, Difficulties, First

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

Explore more quotes by 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."

Act, Congress, Conviction, Gold

"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."

People, Development, Wealth, Future

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

Business, Difficulties, First

"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."

History, Men, Leaders, Rank

"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."

Attention, Nation, Possibilities

"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."

Transportation, Difficulties, Now, Public, Solution

"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."

Discovery, Gold

"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."

History, First, States, United

"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."

History, Control, Financial, Connection

"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."

State, States, United

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