When the scheme for the con... by John Moody, an American Businessman

John Moody Quotes

“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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John Moody

Author details

Name: John Moody

Nationality: American

Date of Birth: 1868

Date of Death: 1958

Profession: Businessman

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The history of the Erie Railroad ever since 1901 has been a record of progress.

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While no one railroad can completely duplicate another line, two or more may compete at particular points.

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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.

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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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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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