Founded when Santa Fe Railroad was extended from Plainview to Lubbock, 1909. Named for Monroe G. Abernathy (1868-1962), treasurer of South Plains Investment Company, firm which promoted townsite. Community prospered, becoming a major railhead for shipping of cattle. Several buildings from the defunct town of Bartonsite were moved here and new ones built. Center of civic activities was the "Old Tabernacle" (1918-1947), located on city square. In early days, before roads were built, broad plowed furrows marked way to house of town doctor. Economy is agriculture-based. 1973