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
John MoodyConsequently many large railroad systems of heavy capitalization bid fair to run into difficulties on the first serious falling off in general business
John MoodyThe 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
John MoodyYet, 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.
John Moody