The public conviction that a railroad linking the West and the East was an absolute necessity became so pronounced after the gold discoveries of '49 that Congress passed an act in 1853 providing for a survey of several lines from the Mississippi to the Pacific.
More Quotes from John Moody:
In the United States three new methods of transportation made their appearance at almost the same time - the steamboat, the canal boat, and the rail car.John Moody
In 1862, when the charter was granted by the United States Government for the construction of a railroad from Omaha to the Pacific coast, the only States west of the Mississippi Valley in which any railroad construction of importance existed were Iowa and Missouri.
John Moody
Carrying out this policy of promoting harmony among competing lines, the New York Central and Pennsylvania Railroad early in 1900 acquired a working control of the Reading Company, which in turn controlled the New Jersey Central and dominated the anthracite coal traffic.
John Moody
As the contest proceeded, public interest increased and the entire country watched to see which company would win the big government subsidies through the mountains.
John Moody
While no one railroad can completely duplicate another line, two or more may compete at particular points.
John Moody
The period of six years following the consolidation of 1853 was one of great prosperity for the New York Central system, and, notwithstanding the setbacks to business caused by the panic of 1857, large dividends were continuously paid on the capita stock.
John Moody
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