The United States as we know it today is largely the result of mechanical inventions, and in particular of agricultural machinery and the railroad. One transformed millions of acres of uncultivated land into fertile farms, while the other furnished the transportation which carried the crops to distant markets.

The financial history of the Baltimore and Ohio since the close of the nineteenth century is interesting chiefly in connection with changes in the control of the property

Great men are usually the products of their times and one of the men developed by these times takes rank with the greatest railroad leaders in history.

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

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

The history of the Erie Railroad ever since 1901 has been a record of progress

The close relationship between railroad expansion and the genera development and prosperity of the country is nowhere brought more distinctly into relief than in connection with the construction of the Pacific railroads.