Scottish Investment and Enterprise in Texas

the prairie cattle company limited was the first large-scale joint-stock venture by British capital in cattle ranching in Texas. Edinburgh-based, it was founded in 1880. Two years after it began operations it paid a dividend of 19½ per cent, followed by a payment to shareholders of almost 28 per cent in 1883. ⁽¹⁾ The Prairie experience set off the Scottish-American cattle craze.