Reed Ranch
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About the year 1870, a man from Iowa named Baxter passed through the country east of Olds, returning form an expedition to the Klondike. He saw the great potential of the vast prairie, so envisioned a great cattle country. In 1901, this same man, having formed a banking company named the Baxter and Reed Banking Company of Ida Grove, Iowa, backed a man named Hutchinson, whose duty it was to come to Canada to purchase land and establish a ranch. 1901, Hutchison bought for the company 22 sections in the area east of Olds, and two sections in the Wimborne area. J.W.Reed, partner of the Baxter and Reed Banking Company, took over responsibility of the newly-formed Baxter and Reed Cattle Company.
Source: Olds: a history of Olds and area
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