The CV cattle brand was first registered in 1850 in McLennan County by Claiborne Varner. In 1856 his brother in law, J. Wes Sheek, and Sheek's stepbrother Charles Goodnight took the CV herd westward. Sheek bought Goodnight's portion of the herd in 1869, and later moved the cattle to Cottle County. The CV Ranch was established in the northwest corner of Cottle County in the 1880s and originally contained 47,000 acres. The ranch became a large operation under various owners. By 1889 the CV Ranch was purchased by Mill Iron ranch owner Col. W. E. Hughes. The ranch house was located 65 yards west. Following Hughes' death in 1918, his granddaughter Annie C. S. Hughes divided 37,000 acres of the ranch into smaller farms and sold them in 1927-28. The community of Cee Vee developed here and contained four stores, a blacksmith, barber shop, cafes, four churches, and a cotton gin. Cee Vee Mercantile store was located on this site. A post office was granted July 4, 1928. A school was built in 1929. By 1935 about 100 families had settled in Cee Vee. However, drought, the depression, and World War II caused many people to leave the area. By the 1990s about 20 families remained. (1996)