The period of six years following the consolidation of 1853 was one of great prosperity for the New York Central system, and, notwithstanding the setbacks to business caused by the panic of 1857, large dividends were continuously paid on the capita stock.
More Quotes from John Moody:
Railroads had been operating for many years in this country before it dawned upon the farmers that this great improvement, which many had hailed as his greatest friend, might be his greatest enemy.John Moody
The railroad originally was as completely dissociated from steam propulsion as was the ship.
John Moody
While no one railroad can completely duplicate another line, two or more may compete at particular points.
John Moody
One of the primary objects of Pennsylvania Railroad policy has been to keep pace with the growth of the country.
John Moody
Before the opening of the Civil War and until immediately after its end, the New York Central and the Erie systems were controlled by bitterly antagonistic interests.
John Moody
The early seventies were not a time of great prosperity in the newly opened West, and the farmers, looking about for the source of their discomforts, not unnaturally fixed upon the railroads.
John Moody
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