While no one railroad can completely duplicate another line, two or more may compete at particular points.
More Quotes from John Moody:
The Erie Railroad control was always nominally for sale, and, as the annual election approached, a majority of stockholders stood ready to sell their votes to the highest bidder.John Moody
When business revived in the closing years of the nineteenth century, the history of American railroads began a new chapter.
John Moody
The subsequent history of the Vanderbilt lines is chiefly a story of business expansion and growth. From 1885 to 1893, the great panic year, the New York Central each year added to its mileage, either by merger of smaller lines or by construction.
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
With the reorganization of 1898 finished, the Baltimore and Ohio Railroad entered a new period in its history.
John Moody
The development of railroad properties under the Vanderbilt influence was not confined to the territory east of Chicago and the Mississippi Valley.
John Moody
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