Consequently many large railroad systems of heavy capitalization bid fair to run into difficulties on the first serious falling off in general business

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.

Horses and mules, and even sail cars, made more rapid progress than did the earliest locomotive.

In the United States three new methods of transportation made their appearance at almost the same time - the steamboat, the canal boat, and the rail car

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

People began to understand that with the acquisition of California the nation had obtained practically half a continent, of which the future possibilities were almost unlimited, so far as the development of natural resources and the genera production of wealth were concerned.

Consequently many large railroad systems of heavy capitalization bid fair to run into difficulties on the first serious falling off in general business