Conflicts in The Early Years
Operation of the railroad was hampered by its partial government ownership. Of the thirty members on its board of directors, twelve were elected by shareholders while the other eighteen were appointed either by Maryland or the Baltimore City Council. These had conflicting interests: the directors appointed by the state and city desired low fares and all construction funded from corporate revenues while the directors elected by shareholders desired greater profits and dividends. These conflicts became more intense in the 1850s after the completion of the C&O Canal, which brought additional competition to the B&O for transport services. In 1858, after being nominated by large shareholder and director Johns Hopkins, John W. Garrett became president of the B&O, a position he would hold until his death in 1884. In the first year of his presidency, corporate operating costs were reduced from 65 percent of revenues to 46 percent, and the railroad began distributing profits to its shareholders.
Abolitionists stopped a train during John Brown's raid on the federal arsenal at Harpers Ferry, Virginia (later part of West Virginia). Garrett telegraphed the Secretary of War, and a B&O train carried federal troops led by Robert E. Lee to capture the abolitionists and John Brown.
Read more about this topic: Baltimore And Ohio Railroad
Famous quotes containing the words conflicts in the, conflicts in, conflicts, early and/or years:
“The two most far-reaching critical theories at the beginning of the latest phase of industrial society were those of Marx and Freud. Marx showed the moving powers and the conflicts in the social-historical process. Freud aimed at the critical uncovering of the inner conflicts. Both worked for the liberation of man, even though Marx’s concept was more comprehensive and less time-bound than Freud’s.”
—Erich Fromm (1900–1980)
“They [parents] can help the children work out schedules for homework, play, and television that minimize the conflicts involved in what to do first. They can offer moral support and encouragement to persist, to try again, to struggle for understanding and mastery. And they can share a child’s pleasure in mastery and accomplishment. But they must not do the job for the children.”
—Dorothy H. Cohen (20th century)
“In motherhood, where seemingly opposite realities can be simultaneously true, the role of nurturer invariably conflicts with the role of socializer. When trouble came as it surely must, was I the good cop who understood, the bad cop who terrorized, or both?”
—Mary Kay Blakely (20th century)
“The science, the art, the jurisprudence, the chief political and social theories, of the modern world have grown out of Greece and Rome—not by favor of, but in the teeth of, the fundamental teachings of early Christianity, to which science, art, and any serious occupation with the things of this world were alike despicable.”
—Thomas Henry Huxley (1825–95)
“At thirty years a woman asks her lover to give her back the esteem she has forfeited for his sake; she lives only for him, her thoughts are full of his future, he must have a great career, she bids him make it glorious; she can obey, entreat, command, humble herself, or rise in pride; times without number she brings comfort when a young girl can only make moan.”
—Honoré De Balzac (1799–1850)