However, things were more or less at a standstill in the spring of 1904. The panic of 1903 was clearly reflected by conditions in the Southwest. Cattle prices were low; few land
sales were being made and immigration was at a low ebb. Hobart wrote that the winter of 1903-1904 was one of the dryest he had experienced in the Panhandle but prospects looked better with the coming of the spring rains.
He believed that these temporary conditions were only a prelude to better things. He had a large clientele in the Middle Western and Eastern states who kept him busy answering their inquiries about the purchase and
sale of both land and cattle.
He collected scores of written testimonials from early settlers and ranchmen who had been experimenting with Panhandle soils as farming land. He formed a plan of advertising outside of
the newspapers as soon as conditions were favorable.
Hobart realized that the British creditors understood nothing about conditions in Texas, and that they were interested only in transferring the White Deer Lands
into cash in order to satisfy the first lien on the property. He knew that his task would require many delays, and that the holders of the lien would have to understand and approve of his program if he were to succeed.
He decided to sail for London where he could explain his plan in detail to the English lien holders.
Before sailing for England, Hobart secured letters of introduction from United States Congressmen and other
influential leaders. He contacted the American Ambassador and other high officials in London. He wrote to his kinsman and former employer, Major Ira H. Evans, for advice.
Major Evans was pleased that Hobart was going
to make the trip, for he believed that it would clear up all possible misunderstandings between Hobart and his new employers. He advised Hobart, "Dress is very important with Englishmen and in London. You will need
a Prince Albert suit and silk hat over there. Foster is strong socially and you will have to be ready to hold your own with him. You should take along full data, such as deeds and copies of Tyng's letters, to support
your statements."
Hobart made all possible preparations for his journey and on June 8, 1904, accompanied by his young son Warren, he sailed on the Teutonic of the White Star Line for England. He was well received
in London and his employers, lien holders, and bondholders, gave their hearty approval of his program for the disposition of the White Deer Lands.
Hobart's intentions were twofold: (1) to enable his employers to
realize a profit on their investments and (2) to develop the property in a manner to benefit the community. He felt that the gradual development of what was almost a desert into a permanent settlement of stockfarmers
and ranchers would contribute to the stability of land prices and work to the advantage of both seller and buyer.