Consequently many large railroad systems of heavy capitalization bid fair to run into difficulties on the first serious falling off in general business
John MoodyWhen 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 MoodyIn 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 MoodyWhile no one railroad can completely duplicate another line, two or more may compete at particular points
John Moody