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Mrs. Chancellor says:
"This particular "Horn Iron" came from my husband's
grandparent's ranch. His grandfather's name was Marion Flynt.
Marion Flynt was famous in the cutting horse world, having been
president of the National Cutting Horse Association for a total of
12 years, between 1956 and 1971. He was also a well-known West Texas
rancher for many years. The iron came from the Square Top 3 Ranch,
which is actually one of the Holt ranches (outside Midland,
Texas). Back in the 1940's Marion married Faye Holt and thus
began his running of all the Holt ranches and raising of his still
famous line of cutting horses. Prior to that, he had already
established himself as a leader among Hereford cattle
breeders. Marion Flynt passed away at age 83 in 1987. 
Faye Holt Flynt had preceded him in death, the year before. At
that point, Faye's two children (whom she had adopted with her
deceased first husband, Mr. Holt) inherited all the ranches, so we
cherish the few memories of ranch life that we have.
Marion had a very full & colorful life and was solely
responsible for making the Holt ranches famous worldwide. He was
quite a character, to boot. His most famous cutting horses were
"Marion's Girl" (who was 2-time World Champion Cutting
Horse), "Freckles", and "Freckles' Flynt", among
many others whose bloodlines continue to win today."
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In
many areas, cattle producers remove the horns from horned cattle
when they are calves. This makes the cattle safer and easier
for cowboys to handle. The cattle are also less likely to hurt each other with their horns.
The old way after de-horning was to cauterize the horn stub with a
hot iron.