With the reorganization of 1898 finished, the Baltimore and Ohio Railroad entered a new period in its history.

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

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

The railroad originally was as completely dissociated from steam propulsion as was the ship

In 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

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.