The Texas state constitution of 1876 set aside three million acres of public land in the Texas Panhandle in exchange for construction of the state’s monumental red-granite capitol in Austin. That land became the XIT Ranch, briefly one of the most productive cattle operations in the West. The story behind the legendary XIT Ranch, told in full in this book, is a tale of Gilded Age business and politics at the very foundation of the American cattle industry.

The capitol construction project, along with the acres that would become XIT, went to an Illinois syndicate led by men...