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 baltimorecenturychiefly Change image and share on social
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 eastextensionlie share on social
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 baltimorebarelybegin Change image and share on social
In the decade before the Civil War various north and south lines of railway were projected and some of these were assisted by grants of land from the Federal Government. John Moody assistcivildecade Change image and share on social
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 californiaconsolidationconstruction Change image and share on social
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. John Moody absoluteactcongress share on social
The close relationship between railroad expansion and the genera development and prosperity of the country is nowhere brought more distinctly into relief than in connection with the construction of the Pacific railroads. John Moody bringcloseconnection share on social
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 agencycompletelydeal Change image and share on social
While no one railroad can completely duplicate another line, two or more may compete at particular points. John Moody competecompletelyduplicate Change image and share on social
The nation did not begin to realize the extraordinary possibilities of the vast Western territory until its attention was thus suddenly and definitely concentrated on the Pacific by the annual addition of over fifty million dollars to the circulating medium. John Moody additionannualattention share on social
