XIT Ranch South Line
Historical marker location:(About 100 feet south of this marker)
One of most famous boundaries in Texas. Marked edge of XIT -- ranch empire bartered away by Texas for its Capitol building.
The 16th Legislature in 1879 designated a 3,000,000-acre tract to be used in payment for the Capitol. The grant extended 200 miles north from line here. Besides portion in this county, it included lands in counties of Castro, Cochran, Dallam, Deaf Smith, Hartley, Hockley, Lamb, Oldham, and Parmer. Heading the investors who built the Capitol were wealthy Chicago merchants, John V. and C. B. Farwell. Their surveying was begun in 1886. (1970)
As one of the most visible programs of the Texas Historical Commission (THC), historical markers commemorate diverse topics in Texas history, including: the history and architecture of houses, commercial and public buildings, religious congregations, and military sites; events that changed the course of local and state history; and individuals who have made lasting contributions to the state, community organizations, and businesses.
The discovery of oil in 1901 near Beaumont, Texas, sparked an oil boom that transformed the state's economy and led to the rise of the modern petroleum industry.