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Texas Land and Development Company
Agricultural and urban development came late to the Texas South Plains, and frontier life lingered well into the twentieth century. In the decade preceding World War I numerous land companies flourished in the area and acted as catalysts for settlement and economic expansion. Prominent among these companies was the Plainview-based Texas Land and Development Company, founded in 1912 as an operating agent for a syndicate of eastern financiers. Like most land companies, the Texas Land and Development Company operated a large-scale enterprise that broke up ranch holdings into tracts for sale to farmers. Company agents advertised broadly in newspapers and magazines and organized special train trips to bring prospective customers to the area. And, like most entrepreneurs associated with frontier land companies, backers of the Texas Land and Development Company hoped to realize a quick profit from land sales. The Plainview enterprise was, however, unique in many ways. It promoted relatively high-priced lands and tried to sell fully developed, irrigated farms. The company was an important social and economic force in Plainview and the surrounding counties because its backers put capital into the region instead of taking money out. Especially during the early years, the company realized little profit from sales because of war and depression. The complex and sophisticated fiscal structure of the company is of particular historical significance. B. R. Brunson traces the history of the influential Texas Land and Development Company from its inception in 1912 to its final dissolution in January 1956. He combines an analysis of the company's role in Panhandle economic growth with lively biographies of the men who organized the operation and descriptions of their achievements in the fields of irrigation, farm planning, company organization, and finance.
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Franco-Texan Land Company
The Franco-Texan Land Company was formed, ostensibly, by the French bondholders of the Memphis, El Paso, and Pacific Railroad in an attempt to salvage their investments through sale of lands in the railroad's Texas land grant. Most of the land company's wealth, however, went into the pockets of unscrupulous local managers and directors, and another railroad eventually built a road across Texas along the Memphis, El Paso, and Pacific right of way. Despite their unsavory histories, the land company and its railroad parent played an important part in the development of Northwest Texas. Virginia Taylor's account of their activities furthers the study of the role of land companies in the settlement of the United States and adds interesting sidelights on one of the immigrant groups that left the imprint of Europe on frontier Texas.
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Thurber Texas
The Thurber coal district sprang to life in the late 1880s in northern Erath County, Texas, some seventy miles west of Fort Worth. The mines were opened by the Texas and Pacific Coal Company to fuel the locomotives of it's railway, whose tracks crossed the state from Marshall to El Paso. The company also built the town of Thurber to service the mines. It then imported workers from distant points, eventually including some twenty nationalities, whose old country ways contrasted sharply with neighboring farm life. John Spratt grew to manhood in Mingus, just three miles north of Thurber during the 1920s. His chronicle of the Thurber district is not only a nostalgic trip back in time but also a case study of the impact of technological change on one part of modern America.
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Francklyn Land & Cattle Company
An intensive study of a large Texas ranch, particularly of its business and financial aspects, in which the author has utilized many company records and firsthand accounts by the men who were engaged in the difficult task of establishing and maintaining a major cattle and land operation in wild, relatively isolated, semidesert country.
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