The Passing of the Frontier; a chronicle of the old West by Emerson Hough
page 103 of 128 (80%)
page 103 of 128 (80%)
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In consequence there came an entire readjustment of values. This country, but yesterday barren and worthless, now was covered with gold, deeper than the gold of California or any of the old placers. New securities and new values appeared. Banks did not care much for the land as security--it was practically worthless without the cattle--but they would lend money on cattle at rates which did not then seem usurious. A new system of finance came into use. Side by side with the expansion of credits went the expansion of the cattle business. Literally in hundreds of thousands the cows came north from the exhaustless ranges of the lower country. It was a wild, strange day. But withal it was the kindliest and most generous time, alike the most contented and the boldest time, in all the history of our frontiers. There never was a better life than that of the cowman who had a good range on the Plains and cattle enough to stock his range. There never will be found a better man's country in all the world than that which ran from the Missouri up to the low foothills of the Rockies. The lower cities took their tribute of the northbound cattle for quite a time. Wichita, Coffeyville, and other towns of lower Kansas in turn made bids for prominence as cattle marts. Agents of the Chicago stockyards would come down along the trails into the Indian Nations to meet the northbound herds and to try to divert them to this or that market as a shipping-point. The Kiowas and Comanches, not yet wholly confined to their reservations, sometimes took tribute, whether in theft or in open extortion, of the herds laboring upward through the long slow |
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