John Moody
John Moody
bank center contest country distress failure financial local monetary panic president shift states united
The panic of 1837, the contest of the United States Bank with President Jackson, its defeat, and its subsequent failure as a state bank, the consequent distress in local financial circles--all conspired to shift the monetary center of the country to New York.
affecting country federal increased industrial passed railroad steadily
Federal railroad regulation... had steadily increased through the years; the Sherman Anti-trust Act, passed in 1890, had been interpreted broadly as affecting the railroads of the country as well as the industrial and other combinations.
country winning government
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.
relationship country expansion
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.
atlantic canal cities closer commercial opening stimulated themselves touch york
The opening of the Erie Canal to New York in 1825 stimulated other cities on the Atlantic seaboard to put themselves into closer commercial touch with the West.
alone brains brilliant career control death direct family financial operating recent remained resources system york
While for many years after the death of the Commodore the Vanderbilt family remained in direct financial and operating control of the New York Central... yet the brains and resources of the Vanderbilt's were not alone responsible for the brilliant career of the system down to recent times.
basically broke shock
It basically broke in half. It was a shock to see.
although control decided drew harlem hudson knew majority obtained owned short stock summer york
Having obtained control of the New York Central, the Hudson River, and the Harlem railroads, Commodore Vanderbilt now decided in the summer of 1867 to go after the Erie, of which Drew was nominally in possession, although no one knew when he owned a majority of the stock or when he was temporarily short of it.
averages caught games guess hits law strung together
We've had games where we've strung together hits and scored bunches of runs, but I guess the law of averages caught up with us tonight.
air block lay overhead railroad rails shops signal steel
The Pennsylvania was the first American railroad to lay steel rails and the first to lay Bessemer rails; it was the first to put the steel fire-box under the locomotive boiler; it was the first to use the air brake and the block signal system; it was the first to use in its shops the overhead crane.
points shut
What we try to do is not shut out any points of view.
clean serve whatever willing
I'm willing to do whatever they need me to do. I can serve food, be a janitor, clean up. I am willing to do just about anything they need me to do.
addition annual begin definitely dollars fifty million pacific possibilities suddenly territory thus until vast western
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.
believe cool heads time
I really don't believe it's time for panic, ... I think cool heads need to prevail.