In 1879, the Sixteenth Texas Legislature appropriated 3,000,000 acres (12,000 km²) of land to finance a new state capitol. In 1882, in a special legislative session, the Seventeenth Texas Legislature struck a bargain with Charles B. and John V. Farwell, under which a syndicate, led by the Farwells, agreed to build a new $3,000,000.00 Texas State Capitol and accept the 3,000,000 acres (12,000 km²) of Panhandle land in payment.
The ranch started operations in 1885 and at its peak averaged handling 150,000 head of cattle within its 1,500 miles (2,400 km) of fencing. The ranch also erected 325 windmills and 100 dams across its land.
The famous XIT brand imprinted on the backside of the ranch's cattle arose from the low-cost, practical use of a single-bar brand being able to make an "X", an "I" and a "T" with a single heat iron (no custom-ordered shape being required!).
However timing was bad for the XIT as cattle prices crashed in 1886 and 1887. By the fall of 1888, the ranch was unable to sell its cattle and break even. The cattle on the ranch were constantly plagued by cattle rustlers and predators, especially wolves leading to further losses for the syndicate.
In 1901, the syndicate that owned the ranch, began selling off the land to pay off foreign investors as the bonds became due. By 1905, most of the land was subdivided, with large tracts being sold to other cattlemen and small acreage being sold to farmers. The last of the XIT cattle were sold on November 1, 1912, and land sales subsequently increased.
Charles B. Farwell died in 1903 and John V. Farwell died in 1908.
2007-05-28 19:06:22
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answer #1
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answered by Alvin York 5
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The XIT Ranch in the 1880s was the largest range in the world under fence and it all laid in the Texas Panhandle. It's three million acres sprawled from the old Yellow House headquarters, near what is now Lubbock, Texas, northward to the Oklahoma Panhandle, in an irregular strip that was roughly 30 miles wide.
2007-05-28 19:02:38
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answer #2
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answered by had438 3
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XIT RANCH. In 1879 the Sixteenth Texas Legislature appropriated three million acres of land to finance a new state Capitolqv building and appointed a Capitol Board composed of the governor, comptroller, treasurer, attorney general, and land commissioner to sell the land and contract for the building.
2007-05-28 20:57:34
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answer #3
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answered by claimsadjuster 2
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2016-11-23 13:22:27
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answer #4
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answered by Anonymous
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Google it.
2007-05-28 19:02:05
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answer #5
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answered by Alice K 7
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2007-05-28 19:02:07
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answer #6
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answered by Anonymous
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its big???
2007-05-29 02:12:46
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answer #7
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answered by Anonymous
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