For fifty years the progressive Coleman-Fulton Pasture Company, popularly known as the Taft Ranch, led in the development of South Texas, and in the early twentieth century achieved national and international repute for its contributions to agriculture. The story of the ranch reaches its climax as the firm is absorbed into the community growing up around it--the same community the ranch had nurtured to an unprecedented prosperity.

In 1961 A. Ray Stephens visited Taft, Texas, and received permission to use the dust-covered records, which for thirty years had been closed to...