The success of our drive for the summer of 1880 changed all plans for
the future. I had learned that percentage was my ablest argument in
suggesting a change of policy, and in casting up accounts for the
year we found that our heavy beeves had paid the least in the general
investment. The banking instincts of my partners were unerring, and in
view of the open market that we had enjoyed that summer it was decided
to withdraw from further contracting with the government. Our profits
for the year were dazzling, and the actual growth of our beeves in the
Outlet was in itself a snug fortune, while the five herds bought at
the eleventh hour cleared over one hundred thousand dollars, mere
pin-money. I hurried home to find that fortune favored me personally,
as the Texas and Pacific Railway had built west from Fort Worth during
the summer as far as Weatherford, while the survey on westward was
within easy striking distance of both my ranches. My wife was dazed
and delighted over the success of the summer's drive, and when I
offered her the money with which to build a fine house at Fort Worth,
she balked, but consented to employ a tutor at the ranch for the
children.
I had a little leisure time on my hands that fall. Activity in wild
lands was just beginning to be felt throughout the State, and the
heavy holders of scrip were offering to locate large tracts to
suit the convenience of purchasers. Several railroads held immense
quantities of scrip voted to them as bonuses, all the charitable
institutions of the State were endowed with liberal grants, and the
great bulk of certificates issued during the Reconstruction régime
for minor purposes had fallen into the hands of shrewd speculators.
Among the latter was a Chicago firm, who had opened an office at Fort
Worth and employed a corps of their own surveyors to locate lands
for customers. They held millions of acres of scrip, and I opened
negotiations with them to survey a number of additions to my Double
Mountain range. Valuable water-fronts were becoming rather scarce,
and the legislature had recently enacted a law setting apart every
alternate section of land for the public schools, out of which grew
the State's splendid system of education. After the exchange of a few
letters, I went to Fort Worth and closed a contract with the Chicago
firm to survey for my account three hundred thousand acres adjoining
my ranch on the Salt and Double Mountain forks of the Brazos. In my
own previous locations, the water-front and valley lands were all that
I had coveted, the tracts not even adjoining, the one on the Salt Fork
lying like a boot, while the lower one zigzagged like a stairway in
following the watercourse. The prices agreed on were twenty cents an
acre for arid land, forty for medium, and sixty for choice tracts,
every other section to be set aside for school purposes in compliance
with the law. My foreman would designate the land wanted, and the firm
Public-domain text, read in full here on John Shaqi.
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