Both freight and passenger charges, however, were still maintained at an unprofitable rate, and, after the death of John W. Garrett, the credit of the Baltimore and Ohio continued to decline.
More Quotes from John Moody:
This growing sentiment finally persuaded the Legislature to charter in April, 1832, the New York and Erie Railroad Company, and to give it authority to construct a line and to regulate its own charges for transportation.John Moody
In this wise the Commodore not only added millions to his already growing fortune but also made himself a power in the financial world.
John Moody
In 1906 the Pennsylvania began to dispose of the bulk of its holdings in competing properties, the most notable transactions being the sale of its entire interest in the Chesapeake and Ohio to independent interests and a substantial part of its Baltimore and Ohio holdings to the Union Pacific Railroad.
John Moody
But the great miracle of the nineteenth century-the building of a new nation... and diffusing among them the necessities and comforts of civilization to a greater extent than the world had ever known before is explained by the development of harvesting machinery and of the railroad.
John Moody
While no one railroad can completely duplicate another line, two or more may compete at particular points.
John Moody
The Erie Railroad system was foreshadowed in the time of Queen Anne, when the Colony of New York appropriated the sum of five hundred dollars to John Smith and other persons for the purpose of constructing a public road connecting the port of New York with the West in the vicinity of the Great Lakes.
John Moody
Readers Who Like This Quotation Also Like:
Based on Topics: Death & Dying QuotesBased on Keywords: garrett
I cannot resign myself to the decline of Europe, and of France.
Jacques Delors
It was like there's got to be some way to stay working and stay productive in Los Angeles. TV is that kind of thing for an actor. Unless you get stuck in one of these shows where you have to go to Vancouver.
Ethan Suplee
Justice is the infrastructure of proprietorship.
Kemal Ataturk