— Cattle BARON OF ABILENE — An oversupply of Longhorn cattle drove prices to rock bottom in the 1860s. But businessman Joseph McCoy figured a way to help Texas ranchers send their herds East to satisfy a big demand for beef.
Following the Civil War, cattle prices on the frontier dropped to between three- and four dollars a head. Chicago buyers, on the other hand, were paying $30 to $40 [...]
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