"While no one railroad can completely duplicate another line, two or more may compete at particular points"
- John Moody
About this Quote
This quote by John Moody is referring to the competition in between railways. He is recommending that while nobody railway can totally duplicate another line, two or more might contend at particular points. This suggests that two or more railroads may be competing for the same consumers at particular locations. This competition can be useful for clients as it can cause lower rates and much better services. It can also be useful for the railways as it can result in increased earnings. Nevertheless, it can likewise result in a decrease in earnings if the competition is too intense. This quote is a reminder that competitors between railroads can be helpful, but it can likewise be damaging if it is too extreme.
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"One of the things the government can't do is run anything. The only things our government runs are the post office and the railroads, and both of them are bankrupt"
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