The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1897-04-09

sunk for natural gas, and the product
of this we'll will be reserved for the
sole use of manufacturing enterprises.
Free location and free gas are thus
assured to all who may come here for
the purpose of engaging in any man
ufacturing enterprise, the only re-
quirement demanded in return being
that the enterprise shall have suffi-
cient capital back oft and shall be of
such nature as to make it's success
full operation reasonably certain.
Three such enterprises, employing in
the aggregate between two and three
hundred men, have been in cores
pOndence with our people for some
time, and their location here is about
as near a certainty as any future
event can be said to be. Inquiries
are received almost daily from others
seeking profitable investment for cap
ital, and it is one of the certainties of
the near future that lola will become
one of the best manufacturing towns
in the West. Shrewd investors will
not fail to realize that those first on
the ground will receive the most con-
sideration, make the best terms. and
reap the largest reward.
THE LANYON ZINC SHELTER
Which lighted the natural gas in
its furnaces, under a thousand retOrts,
last October, has found results so sat
isfactOry that the proprietOrs are now
building two additional stacks which
will nearly double their capacity.
Beginning with about 60 men they
are now employing more than one
hundred, and that will have to be
nearly doubled when the new fur
naces are completed. During the
entire time of its operation this inn
mense smelter has drawn its fuel from
one well only, and it cannot yet be
noticed that there is the slightest
diminutiOn in the volume or pressure
of the gas. Ie stronger proof needed
of the value of our gas field?
THE ADVANCE IN VALUES.
There have not been the slightest
symptoms of a "bOOm" in lola. No
cornfield additions" have been plat
ted, no excursions have been run, no
auction sales of city property have been
held, no devise of any kind attempt
ed with a view to starting speculation
in city property at fictitious prices.
Nevertheless there has been within
the past year a steady and substan-
tial advance in real estate values.
We have inquired of some of our real
estate men regarding this matter, and
from the great number of instances
they furnish US we present the follow
ing as fair illustrations:
Lot in BLK 95 sold July '96 $500.
Sept. '96 $500, March Is, 'e7 5000.
Part of lot ok" Boughton's add.
sold March '96 1926, Jan, '97 500.
Lots II & 12 blk AZ sold Sept. '96
500, Jan '97 500.
Lot 1 blk 40 sold Sept. '96 SIS, Mch.
'97 $50.
Lot blk sold Jan. '97 $50 March
'97 SIS.
Lots l & 2 blk los sold Sept. '96 500,
Feb. $3.50.
Lots & blk 70 sold Dec. '96 5000.
Feb. '97 1875.
Lots Z, 8 & 8 blk 10Y sold Dec. '95
$500, since refused $1,000.
This list could be extended almost
indefinitely, but enough has been
given to show that in every part of
town residence property has steadily
advanced in value, not because of
speculative fever, but in response to
the legitimate demand for places to
build homes. The value of business
property has increased in equal ratio,
as might be shown if space permitted.
The fact that the activity which has
Occasioned this advance in values
has been due to genuine demand
for places to build homes and not by
mere speculation, is proven by the
fact that nearly hundred dwelling
houses have been built in lola during
the past year, and a hasty drive
around town yesterday by REGIS
TER reporter showed the following
BUILDINGS UNDER WAY
Carl Williamson is pushing the
work on his room cottage on North |
Washington avenue.
Sidney Smith, who lately complet-