Summary

Portrait of Andy Adams Andy Adams Reed Anthony, Cowman — The Panic Of '73

I wish I could describe the actual feelings of a man who has had money and lost it. Never in my life did such opportunities present themselves for investment as were tendered to me that winter. No less than half a dozen brands of cattle were offered to me at the former terms of half cash and the balance to suit my own convenience. But I lacked the means to even provision a wagon for a month's work, and I was compelled to turn my back on all bargains, many of which were duplicates of my former successes.
Source: Wikisource

Portrait of Andy Adams Andy Adams Reed Anthony, Cowman — The Panic Of '73

When the panic struck the West we did not own a hoof of cattle, while the horses on hand were mine and not for sale; and the firm of Hunter, Anthony & Co. rode the gale like a seaworthy ship. The panic reached Wichita with over half the drive of that year unsold. The local banks began calling in money advanced to drovers, buyers deserted the market, and prices went down with a crash. Shipments of the best through cattle failed to realize more than sufficient to pay commission charges and freight. Ruin stared in the face every Texan drover whose cattle were unsold.
Source: Wikisource

Portrait of Andy Adams Andy Adams Reed Anthony, Cowman — The Panic Of '73

Hunter, and abandoning the buckboard, we took horses and rode up the Brazos River as far as old Fort Belknap. All cattle were wintering strong. Turning south, we struck the Clear Fork above my range and spent a night at the ranch, where my men had built a second cabin, connecting the two by a hallway. After riding through my stock for two days, we turned back for the Brazos. My ranch hands had branded thirty-one hundred calves the fall before, and while riding over the range I was delighted to see so many young steers in my different brands.
Source: Wikisource

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