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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."
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"I only am in this business because I enjoy it. I think that is the only way to be in the business."
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"Somewhere along the line, Bob said I'd better begin taking this business seriously, because, whether I liked it or not, I had a career."
Explore more quotes by 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."
"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."
"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."
"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."
"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."
"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."
"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 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."
"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."
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