But the climax of the year's profits came from the beef ranch in the Outlet. The Eastern markets were clamoring for well-fatted Western stock, and we sent out train after train of double wintered beeves that paid one hundred per cent profit on every year we had held them. The single wintered cattle paid nearly as well, and in making ample room for the through steers we shipped out eighteen thousand head from our holdings on the Eagle Chief. The splendid profits from maturing beeves on Northern ranges naturally made us anxious to start the new company. We were doing fairly well as a firm and personally, and with our mastery of the business it was but natural that we should enlarge rather than restrict our operations. There had been no decrease of the foreign capital, principally Scotch and English, for investment in ranges and cattle in the West during the summer just past, and it was contrary to the policy of Hunter, Anthony & Co. to take a backward step. The frenzy for organizing cattle companies was on with a fury, and half-breed Indians and squaw-men, with rights on reservations, were in demand as partners in business or as managers of cattle syndicates. An amusing situation developed during the summer of 1881 at Dodge. The Texas drovers formed a social club and rented and furnished quarters, which immediately became the rendezvous of the wayfaring mavericks. Cigars and refreshments were added, social games introduced, and in burlesque of the general craze of organizing stock companies to engage in cattle ranching, our club adopted the name of The Juan-Jinglero Cattle Company, Limited. The capital stock was placed at five million, full-paid and non-assessable, with John T. Lytle as treasurer, E.G. Head as secretary, Jess Pressnall as attorney, Captain E.G. Millet as fiscal agent for placing the stock, and a dozen leading drovers as vice-presidents, while the presidency fell to me. We used the best of printed stationery, and all the papers of Kansas City and Omaha innocently took it up and gave the new cattle company the widest publicity. The promoters of the club intended it as a joke, but the prominence of its officers fooled the outside public, and applications began to pour in to secure stock in the new company. No explanation was offered, but all applications were courteously refused, on the ground that the capital was already over-subscribed. All members were freely using the club stationery, thus daily advertising us far and wide, while no end of jokes were indulged in at the expense of the burlesque company. For instance, Major Seth Mabry left word at the club to forward his mail to Kansas City, care of Armour's Bank, as he expected to be away from Dodge for a week. No sooner had he gone than every member of the club wrote him a letter, in care of that popular bank, addressing him as first vice-president and director of The Juan-Jinglero Cattle Company. While attending to business Major Mabry