Federal railroad regulation... had steadily increased through the years the Sherman Anti-trust Act, passed in 1890, had been interpreted broadly as affecting the railroads of the country as well as the industrial and other combinations.
More Quotes from John Moody:
Many of the railroad evils were inherent in the situation; they were explained by the fact that both managers and public were dealing with a new agency whose laws they did not completely understand.John Moody
The United States as we know it today is largely the result of mechanical inventions, and in particular of agricultural machinery and the railroad.
John Moody
I really don't believe it's time for panic, ... I think cool heads need to prevail.
John Moody
With the reorganization of 1898 finished, the Baltimore and Ohio Railroad entered a new period in its history.
John Moody
Yet, 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
While no one railroad can completely duplicate another line, two or more may compete at particular points.
John Moody
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