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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 61 to
70 of 99
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The period of six years following the consolidation of 1853 was one of great prosperity for the New York Central system, and, notwithstanding the setbacks to business caused by the panic of 1857, large dividends were continuously paid on the capita stock.
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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.
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The development of railroad properties under the Vanderbilt influence was not confined to the territory east of Chicago and the Mississippi Valley.
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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.
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To this end, the Pennsylvania Railroad was incorporated on April 13, 1846, with a franchise permitting the construction of a railroad across the State from Harrisburg to Pittsburgh.
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The entire period in the affairs of the Erie system from the ascendancy of Daniel Drew in 1851 to the end of the Civil War witnessed an endless succession of stock-market exploits both large and small.
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With the reorganization of 1898 finished, the Baltimore and Ohio Railroad entered a new period in its history.
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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.
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It was a simple matter to find fault with the railroad; it has always been its fate to arouse the opposition of the farmers.
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The Vanderbilt family no longer possesses a majority interest in the stock, or anything which approaches it, and the New York Central system and its subsidiaries have come to be known more and more as Morgan properties.
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Quotations 61 to
70 of 99
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