The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1899-02-24
SmeIter Deal Completed

Several weeks ago, under the guard
ed heading "Rumorsn the REGISTER
limited that negotiations were under
way looking to the consolidation ofthe
Lanyon Smelter interests and the Pal
mer Oil Company gas interests and
the entrance into this field of com.
pany with the largest capital that had
ever yet been brought to the develop
ment of any part of Kansas.
For obvious reasons nobody could be
quoted as authority for any of the
statements made at that time, bnt as
matter of fact the REGIsTERs infor-
nation was obtained at first hands,
and pointed out very accurately what
has since transpired and what it is
now authorized to make public
The "deal" has been completed.
A company of eastern capitalists
the corporation name has not yet been
decided upon, but will probably be
"The Lanyon Spelter Company
has been organized with IL
paid up capital of Sl,5OO,000 and
has bought the Robt. canyons
Sons and the w. ~ j. Lanyon smelt-
ing works, and the Palmer Oil Com
pany gas wells and gas leases. The
deal includes the w. d j. Lanyon
smelters at Pittsburg and the Robt.
Lanyon smelter at LaIIarpe, the Pal
mer people turning i'm nine producing
gas wells and leases on 10000 acres of
land.
Included in the Company are n
number OF wealthy manufacturers and
not only will the smelters now here be
operated to their full capacity and en-
larged from time to time, but plants
of equal or greater magnitude in other
lines of manufacture will be installed
as soon as practicable. Among these
plants an Iron Foundry and Rolling
Mills are practically certain to be put
in the coming summer. Other factories
not yet decided upon but only waiting
the decision of the Company's men,
bers, will follow these and within
three years at the outside lola will be
surrounded by factories, directed by
experienced heads. backed by unlimit-
ed capital and employing thousands
of workmen.
The men who have invested their
capital in this giga attic enterprise have
not done so without the most careful
study of the field land they are con-
WINGED that the lola gas field has not
been half developed, that subsequent
prospecting, which they intend to
carry on when the time comes, will
more than double the present gas ter
ritory. II is because of this confidence
in the permanence of lola gas that
they have put up a million and "A half
in cold cash and stand ready to multi
ply that by five as the work pro
crosses
One thing that this deal settles be.
You'd peradventure is the fact that gas
will never be piped away from lola. 1t
will do no harm, now that the danger
is past, to say that before Mr.. Cap
peau came upon the field the Palmer
Oil Company, was trying to arrange
for piping the gas to Kansas City. Mr..
Cappeau saw at once how greatly
more profitable it would he to use the
gas right here than to carry it hun
dred miles away, and so set himself to
effect an organization for that purpose.
Having had many years successful
experience in promoting great enter
prises, he was able i'm short
time to bring about the organi-
cation that has resulted so fortunately
AS result of his efforts lola gas will
be used at lola and the new factories
that are coming will brand upon their
products "AIade at lola, u. ). Al
One of the early enterprises to result
from the new deal is the construction
of belt line railroad to connect the
Santa Fe and the Mo. Pacific so as to
afford all factories wherever located
the benefit of both roads. Whether
this road will be i'm the nature of Il
union track, built by the two roads,
or an Independent line built by the
new Company, is not yet determined
but that it will be built there is no
doubt. And that in very short time
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