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The financial history of the Baltimore and Ohio since the close of the nineteenth century is interesting chiefly in connection with changes in the control of the property. John Moody#Baltimore 66
John Moody#Baltimore 66
Great men are usually the products of their times and one of the men developed by these times takes rank with the greatest railroad leaders in history. John Moody#Developed 64
John Moody#Developed 64
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#California 57
John Moody#California 57
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#Bid 56
John Moody#Bid 56
The United States as we know it today is largely the result of mechanical inventions, and in particular of agricultural machinery and the railroad. John Moody#Agricultural 55
John Moody#Agricultural 55
When the scheme for the construction of a railroad from Baltimore to the waters of the Ohio River first began to take form, the United States had barely emerged from the Revolutionary period. John Moody#Baltimore 55
John Moody#Baltimore 55
Horses and mules, and even sail cars, made more rapid progress than did the earliest locomotive. John Moody#Cars 48
John Moody#Cars 48
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#Agency 48
John Moody#Agency 48
Yet, in 1850 nearly all the railroads in the United States lay east of the Mississippi River, and all of them, even when they were physically mere extensions of one another, were separately owned and separately managed. John Moody#Another 44
John Moody#Another 44
While no one railroad can completely duplicate another line, two or more may compete at particular points. John Moody#Another 41
John Moody#Another 41
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