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From the Lubbock Avalanche Journal - July 2, 1995
by: Chris
Van Wagenen A-J Business Editor
He came to Lubbock on horseback in 1898, and his family has
been here ever since.
For Charles Middleton, founder of Charles Middleton & Son,
Lubbock in the early days was a place where ranchers gathered and
cattle was sold.
It was a romantic time - a time when deals were made with a simple
handshake.
Two generations later, the Middleton name lives on in his grandson
Sam, who spends his time appraising thousands of acres of land
involving farms and ranches in Texas, Oklahoma and New Mexico.
Middleton and Son no longer sells cattle, but it may know of a
ranch or two that's up for sale.
It is a reputation that Sam and his father Lee, now retired at
80, have carried on since Charles Middleton passed away in 1955.
Charles Middleton came to Lubbock from Louisiana and was soon
appointed the towns first police chief.
But it was the sale of cattle and ranches that made the Middleton
name.
"We handled a lot of cattle through here," Lee recalled. "I've
often thought that there weren't many people around who knew as
many people as my father. He shipped cattle all over the country."
Charles Middleton was also a good friend to W.D. Johnson, the
chairman of the Kansas City Life Insurance Co., which made loans
to farmers and ranchers living in Texas, New Mexico and eastern
Arizona.
But life wasn't always easy.
Lee recalled the Great Depression and one of his fathers loans
being called in - taking his last remaining sheep while father
and on stayed at a hotel in Colorado City.
"My dad reached down into his watch pocket, pulled out a $20 bill
and said 'Son, that's the last one.'"
Charles Middleton soon found himself running a gas station, while
Lee washed and eventually drove buses for the Texas-New Mexico-Oklahoma
bus line.
The two, along with Lee's sister Mary Louise, eventually got back
on their feet and back to their first love - cattle and ranches.
The Middletons eventually were forced out of the cattle business
with the coming of auction barns, but there were still plenty of
ranches to sell.
The family, with the help of insurance companies, eventually made
loans to those wanting to purchase some land. In the early 1970's,
Lee's son Sam entered the family business, but he was more interested
in appraising, rather than selling farms and ranches.
"I started out doing (selling) a few...Now the appraisal part
of our business is very substantial. I still sell farm and ranch
properties, but from a volume standpoint we do appraisals," Sam
said.
Like his grandfather, Sam has seen economic up and downs, including
Texas' huge real estate bust that was brought on by the troubled
oil and gas industry.
"I saw the bottom fall out. We went through a period where a lot
of farms and ranches went bankrupt. I was fooled by (the value
of) a piece of land that kept going up in price," he said.
Since the bust, Sam says land prices now are realistically driven
by the demand for commodities grown on them, such as cotton.
Sam says he doesn't care for all the red tape that goes into selling
a piece of land, including all the attorneys and regulations that
have to be followed. "But this is what I want to do because I love
this business," he said.
The above was taken from the Lubbock Avalanche Journal - July
2, 1995
Chas. S. Middleton and Son is active in the rural real estate
farm and ranch market.
Throughout the years, our firm has had the pleasure of dealing
with numerous large ranching operations, banks, law firms and charity/non-profit
organizations. To view a small list of customers, please CLICK
HERE.
Our firm has also been active in the agricultural appraisal business
for over thirty years. We specialize in farm and ranch appraisals
and commercial cattle feedyard appraisals.
We have had the opportunity to list for sale several great
hunting and recreation ranches/properties over the years. If
you are in the market for a game specific type of property,
we can help you to find your dream ranch. All of the ranches
that we sell are available for wildlife and game studies.
Our firm has worked with several game biologists over the years
who have researched various types of wildlife and developed game
management strategies for customers. One of the biologists we have
worked with includes Professor and Extension Wildlife Specialist Dr.Dale
Rollins, with degrees from Southwestern Oklahoma State University,
Oklahoma State University and Texas Tech University. |