Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1899-07-30
THOUSANDS OF CATTLE
70 De Purchased by Gigantic
Consolidated Company.
INTERESTS POOLED
And Many Millions Of Dollars win Be
Invested In The Projected Com.
blne. Options In Which We're
Given GeO. y. Loving.

New York. July 90 The round mp Of
500. 600 head Of cattle in the district Of
western Texas and Eastern New Mexico
Is contemplated by the promoters Of the
proposed consolidated cattle company,
A large proportion Of the profits
which should be derived from the sale
Of Texas and New Mexico cattle in the
beef market Is diverted 90 the northen
range men. With view Of remedying
this the Texas cattlemen have pooled
their interests.
II is proposed that New York capital
to the amount Of s95, 0OO, 600 shall be in
vested in the new company. To that
end options have been given 10 George
b Loving, who represents the cattle
men Of Texas and New Mexico, and who
is al present in this city.
Mr. Loving was seen 40 the Waldorf
Astoria He is the editor and publisher
Of the Texas Live Stock Journal He
conducts q livestock commission bust.
ness in san Antonio, Fort Worth and
Dallas. and for many years he has been
identified with cattle interests 10 the
southwest
Mr.. Loving showed options covering
/ $4,000. 900 acres OF ranch land in Texas
and New Mexico OF this vast district
4i.OoUOOO acres are held in lee simple.
100000 are leased 20 ranchmen and the
remainder is government land held by
right Of prior occupancy Moro than
G5O. 900 head Of cattle Craze upon this
land The district covered by the con.
templated company embrace 300 miles
from north 20 south in Texas and about
900 miles east and west in that state
and In New Mexico
When asked as 20 the advantages
which the rauchmen expect 20 derive j!
the proposed company becomes "A fact
Mr. Loving said
Il believe that expenses can be largely
reduced by such a combination a. pro
posed. 10 has been the rule in Teya.
, and New Mexico that cattle at year.
y old have been taken over by rangomer
from Montana and Dakota. driven of .,
3 the ranges. there matured and sold a.
beef ou the Chicago market with larg'
!. profits 90 the rangomcu We believe
!. that with such "a company as propose,
the rauchmen will be enabled 90 keel
Z, the young cattle on the ranches 90 ma
b. ture them there, and instead of sellin
ID them as 2-year-olds 40 say $50 a head
a they hold them until fit 10 be dispose
Ia Of on The Chicago market al $50 or So
Is head Property can certainly b
te handled % better advantage and a
be less expense by company Of the mag
n nitude proposed, than by several hur
% dred competing ranch owners.
Mr.. Loving showed options entruste
90 him by such ranch owners az ~
Capitol syndicate Of Chicago and Texa
's AZ the head Of which is Former Unite
States senator Farwell Of Chicago Tn
10. syndicate controls o. 100 900 acres Of pa
n entel land In the Panhandle region
!, Over this vast district $780, 900 head ,
cattle feed About 80 OF the larg,
' ranches of Texas and New Mexico al
en- included In the negotiations All Of q
70 leading members Of the Cattle Raiser
he association, which has headquarters
il. Fort Worth, have signihed propos
on of Mr Loving plan and have given hi
ou options ON their ranches and cattle
In. 81 believe said Mr.. Loving. "th
a S2j.OJO 900 viii be ample for the ente
an prise and am convinced that the 7
alI sulr achieved inside of year will
ZEN such that au additional investment
'hr ranch property aud cattle % the exte
90. Of $40 U0U. 600 or Slj. 600 900 will be ma
by Theses men.
Mr. Loving was asked II the Tex
antitrust law would interfere with {
am proposed consolidated cattle compan
ant ln answer he showed "a letter from 4
81 t0mey General Smith of Texas W
on sail
er' "Ihs law does not presume that I
san cause large capital B. invested It 6.
at trust Our law does not limit {
T. amount of capital stock which corpo
re ton may have II yur company
lm chartered with % large capital stock
oeo The beginning tho presumption wor
ngt not Doe against you 90 alL The ID
] be which tho law seek, Dr. t1probibit am
ngl cation or combination 0i corporate,
all into ore COT the purpose OF iuhuenci
price lu your general plan aud o
line think your business Legitimate
Not only New York but Chicago q
"y iHlists also are saIl Oh be consider
''" the proposed consolidation Swift
y % Co. Chicago packers. recently inves
.n. 500 900 iu Texas cattle and BE- Is n
'n' are about 90 invest 1000. 900 more.