52 Total Quotes

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.
John Moody
#American Businessman

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.
John Moody
#American Businessman #Consolidation

One of the primary objects of Pennsylvania Railroad policy has been to keep pace with the growth of the country.
John Moody
#Country

The railroad originally was as completely dissociated from steam propulsion as was the ship.
John Moody
#American Businessman

While no one railroad can completely duplicate another line, two or more may compete at particular points.
John Moody
#American Businessman

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

The subsequent history of the Vanderbilt lines is chiefly a story of business expansion and growth. From 1885 to 1893, the great panic year, the New York Central each year added to its mileage, either by merger of smaller lines or by construction.
John Moody
#Business

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.
John Moody
#American Businessman #Company

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.
John Moody
#American Businessman

The ultimate plan, which proved too visionary, was to consolidate under one control a vast network of lines extending all over the continent.
John Moody
#American Businessman #Control

In this wise the Commodore not only added millions to his already growing fortune but also made himself a power in the financial world.
John Moody
#American Businessman

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.
John Moody
#War

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.
John Moody
#American Businessman

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.
John Moody
#Value

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.
John Moody
#Ideas

The development of railroad properties under the Vanderbilt influence was not confined to the territory east of Chicago and the Mississippi Valley.
John Moody
#American Businessman

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.
John Moody
#American Businessman

It was a simple matter to find fault with the railroad; it has always been its fate to arouse the opposition of the farmers.
John Moody
#Fate

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.
John Moody
#People

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.
John Moody
#American Businessman

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.
John Moody
#American Businessman #Men

The United States as we know it today is largely the result of mechanical inventions, and in particular of agricultural machinery and the railroad.
John Moody
#American Businessman

Horses and mules, and even sail cars, made more rapid progress than did the earliest locomotive.
John Moody
#American Businessman

With the reorganization of 1898 finished, the Baltimore and Ohio Railroad entered a new period in its history.
John Moody
#American Businessman #History

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.
John Moody
#War