New Mexico Ventures
J. J. Hagerman took up residence in New Mexico in 1892. Hagerman had purchased John Chisum's Jingle Bob Ranch (now known as the Old South Spring Ranch) near Roswell in Chaves County. He built extensively on the ranch, and founded the nearby town of Hagerman to accommodate his family's needs and his financial interests.
Hagerman quickly decided to build rail and irrigation concerns in the region to enlarge his holdings.
In September 1898 Hagerman donated the flat land atop North Hill in Roswell to New Mexico Military Institute.
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