John Moody Quotes
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.
Moody, John. The Railroad Builders: A Chronicle of the Welding of the States. Yale University Press, 1919, p. 130.
For many years, the interest on home mortages have been deductible from Federal Income tax and most state income taxes. Originally, this tax subsidy was instituted to promote the idea of personal home ownership and help the real estate industry which has always had a great deal of political clout. See {634700}.
John Moody was an American financial analyst, businessman and investor. He pioneered the rating of bonds and founded Moody's Investors Service. Moody's Manuals are still issued, carrying on the tradition begun by Moody's Manual of Railroads and Corporation Securities and continued by the annual Moody's Analyses of Investments.