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.
More Quotes from John Moody:
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.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
Consequently many large railroad systems of heavy capitalization bid fair to run into difficulties on the first serious falling off in general business.
John Moody
For under the Commodore's magic touch the Harlem Railroad for the first time in its long history began to pay dividends at a high rate, and in four years the earnings of the Hudson River property had nearly doubled.
John Moody
By this time Vanderbilt had achieved a great reputation as a man who created values, earned dividends, and invented wealth as if by magic other railroad managers now began... ask him to do with them what he had done with the Harlem and the Hudson River.
John Moody
The Vanderbilt family no longer possesses a majority interest in the stock, or anything which approaches it, and the New York Central system and its subsidiaries have come to be known more and more as Morgan properties.
John Moody
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Based on Topics: Time QuotesBased on Keywords: discomforts, unnaturally
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