The ultimate plan, which proved too visionary, was to consolidate under one control a vast network of lines extending all over the continent.
More Quotes from John Moody:
The Pennsylvania still continued to forge ahead... to about 1889, when the trunk lines were aggressively carrying on that policy of cutthroat competition between Chicago and the Atlantic seaboard which resulted in so severely weakening the credit and position of properties like the Baltimore and Ohio and the Erie.John Moody
Farmers, merchants, manufacturers, and the traveling public have all had their troubles with the transportation lines, and the difficulties to which these struggles have given rise have produced that problem which is even now apparently far from solution.
John Moody
Times were not the best, however, and, although much traffic was developed, the immense cost of the extensions heavily burdened the Baltimore and Ohio Company, while the panic of 1857 seriously embarrassed its credit.
John Moody
It was a simple matter to find fault with the railroad it has always been its fate to arouse the opposition of the farmers.
John Moody
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.
John Moody
The railroad originally was as completely dissociated from steam propulsion as was the ship.
John Moody
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