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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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"Asking the appropriate questions means understanding exactly what your customer is trying to achieve."
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"Recession is when a neighbor loses his job. Depression is when you lose yours."
"Government "help" to business is just as disastrous as government persecution... the only way a government can be of service to national prosperity is by keeping its hands off."
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Explore more quotes by 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."
"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."
"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."
"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."
"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."
"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."
"While no one railroad can completely duplicate another line, two or more may compete at particular points."
"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."
"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."
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