The Southwestern Historical Quarterly, Volume 31, July 1927 - April, 1928 Page: 222
Southwestern Historical Quarterly
Goodnight cleared seventy thousand dollars and with this he bought
a ranch on the Purgatoire River in southern Colorado, forty miles
from Trinidad." Here he prospered, and he entered into the
farming business on a large scale. A little later he and others
organized "The Stock Growers Bank of Pueblo." It was in this
institution that Colonel Goodnight had most of his money invested
when the panic of 1873 came. This panic swept away all of his
holdings except about sixteen hundred head of cattle.
Not daunted by this misfortune, Colonel Goodnight decided that
the best thing for him to do was to gather up his little herd of
cattle and drive them to the Palo Duro Canyon in the Panhandle
of Texas and start over again. Accordingly, on July 4, 1876,
Colonel Goodnight, an Englishman named Hughes, the three Dyer
brothers, and a few other helpers, started on the long trip to the
Panhandle of Texas.' This was quite an undertaking, as they had
to travel about four hundred miles across a wild country infested
with Indians, but to Colonel Goodnight it was just another trip,
as lie had made many trips equally as long and dangerous as this
one. They took their time, as was the custom of Colonel Good-
night when on the trail, and allowed the cattle to graze along as
they roamed from one pool of water to another. It was late in
November before they reached the Cap Rock of the Palo Duro
They were in sight of their destination when they reached the
Cap Rock, but they had a big task before them and that was to
get down into the canyon itself. Colonel Goodnight gives an
excellent account of the "First Entrance to Palo Duro Canyon"
Our first entrance into the Palo Duro Canyon was in November,
1876. We then made our entrance by way of the old Comanche
trail between the junction of the Caion Cito Blanco and the main
Palo Duro Canyon. It took us about a half a day to work the
cattle down this narrow and ragged trail. We then took the
wagon to pieces and carried it down piece by piece on the mules.
We had about six months rations and much corn. This was also
carried down on the mules. The canyon being narrow at this
'S. H. Condron, "Saving the Buffalo for the Future" (Dallas Morning
News, Dallas, February 14, 1915).
'Phoebe K. Warner, "The Wife of a Pioneer Ranchman" (The Cattle-
man, March, 1921).
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 31, July 1927 - April, 1928, periodical, 1928; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth101088/m1/240/ocr/: accessed June 19, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.