“In the course of the forty-first volume in the Chronicles of America series, Mr Moody discusses the necessity and value of capital as an accumulation of wealth, either money or substantial property, for use in the production of more wealth, and he outlines in a series of nine chapters the leading factors in its development. His starting point is the rise of the house of Morgan, and thereafter he chronicles briefly, in scarcely more than two hundred pages, the development of American railroads, the rise of the ironmasters and the Standard oil company, with successive chapters on The steel trust merger, Harriman and Hill. The apex of ‘high finance,’ The panic of 1907 and after, and Wall street and the world war.”—Boston Transcript
“Both books are written from the Wall Street standpoint. However, Mr Moody has given us two interesting, authoritative, and impartial narratives describing dramatic and not unimportant episodes in our economic history. And his firm biographies and stories of great financial deals—accompanied as they are by a constant flow of informing comment—enable an understanding reader to deduce more than he specifically tells.” V: S. Clark
+ − Am Hist R 26:120 O ’20 380w
“The entire story of the development of American capital and capitalists is picturesque in itself and especially romantic as told by Mr Moody.” E. F. E.
+ Boston Transcript p8 Je 12 ’20 1250w
“One of the most fascinating volumes in the entire series.”
+ N Y Times p16 O 31 ’20 130w
MOODY, JOHN. Railroad builders; a chronicle of the welding of the states. (Chronicles of America ser.) il per ser of 50v *$250 Yale univ. press 385
19–19138