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.
More Quotes from John Moody:
The market was buoyant speculation was rampant and the outside public, the delight and prey of Wall Street gamblers, were as usual drawn in by the fascination of acquiring wealth without labor.John Moody
The construction of extensive railways, however, and particularly the consolidation of small, experimental lines into large systems, dates from the days of the discovery of gold in California.
John Moody
The Santa Fe Route, or the Atchison, Topeka and Santa Fe Railroad, which has in modern times developed into one of the largest and most profitable railroad systems in this country, was projected long before the idea of a transcontinental line to the Pacific coast had taken full possession of men's minds.
John Moody
For many years following 1851, Drew, who owned or controlled nearly one-half the stock of the Erie, appeared to think that his office of treasurer carried with it the right to manipulate the stock of the road at any time it might help his pocketbook to do so.
John Moody
Practically no railroad, even as late as the sixties, was wider than another. They were all single-tracked lines.
John Moody
We've been after the vice president since Sunday, as everyone has, and our efforts paid off. I think he wanted to make sure he got a fair interview and a good interview -- good in the sense of thorough -- and Brit is sort of the pre-eminent journalist in Washington right now.
John Moody
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