Many people have been under the impression that the Capitol Syndicate was an English concern, but it was not. It was chartered in England, however, because the Farwelis of Chicago, who owned it, went to England and there obtained the loan which enabled them to finish the capitol building and to develop the vast territory which composed their holdings in the Panhandle.
The ranch, like hundreds of others, was commonly known by the name of the brand it used; it was said that the brand, XIT stood for Ten (Counties) in Texas. It is not strange that the brand became so well known, for cattle with XIT burned on them covered a ranch 575 miles around; a ranch which had as its northwest corner the northwest corner of the Stake, and extended south 185 miles to a point in Hockley County; the east line of the ranch was 175 miles long, and the north line 80 miles long.