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| QUOTE COLLECTIONS OF John Moody |
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Quotes By author - Starting with J - John Moody
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There are 99 quotes for the author John Moody
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Quotations 11 to
20 of 99
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The ultimate plan, which proved too visionary, was to consolidate under one control a vast network of lines extending all over the continent.
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The United States as we know it today is largely the result of mechanical inventions, and in particular of agricultural machinery and the railroad.
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By this time Vanderbilt had achieved a great reputation as a man who created values, earned dividends, and invented wealth as if by magic; other railroad managers now began... ask him to do with them what he had done with the Harlem and the Hudson River.
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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.
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Through the winter of 1868 the work continued on the Union Pacific with unabated energy, and freezing weather caught the builders at the base of the Wasatch Mountains; but blizzards could not stop them.
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Federal railroad regulation... had steadily increased through the years; the Sherman Anti-trust Act, passed in 1890, had been interpreted broadly as affecting the railroads of the country as well as the industrial and other combinations.
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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.
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A minority investment, even though it be as low as ten or twenty per cent, usually constitutes a dominating influence if held by a single interest, for in most cases the majority of the shares will be owned in small blocks by thousands of investors who never combine for a definite, practical purpose.
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Grades have been eliminated everywhere and the whole route has been modernized and strengthened by the laying of one hundred to one hundred and fifty pound rails.
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The railroad, they said, was a natural monopoly; no private citizen could hope ever to own one; it was thus a kind of monster which, if encouraged, would override all popular rights.
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Quotations 11 to
20 of 99
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