Consequently many large rai... by John Moody, an American Businessman

John Moody Quotes

“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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John Moody

Author details

Name: John Moody

Nationality: American

Date of Birth: 1868

Date of Death: 1958

Profession: Businessman

Other John Moody Quotes

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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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

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