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


wells near these plants, when con-
trOlied but slight area OF gas land
would render the smelling works
practically worthless in short time
as the gas there would be- exhausted
and his people controlled the rest of
the fielu. He got the option.
a long pro.pectus of the
proposed company was issued; giving
the result OF the investigation. The
name of this company was the Ian.
yon Spelter Company
win TINS prospectus the syndicate
was formed. 1t consists of men inter
ested In the Sugar Trust, the Rubber
Trust, the Standard on Company, the
Union Pacific and Santa Fe railroads.
the Palmer On Co., and several other
big institutions. The men Interested
representing probably u billion dol
lars. The Company has not as yet
been legally organized (but the money
Is paid) but Will sOou organize as the
banyon Ilnc aud Spelter company
under the laws OF New Jersey. Their
capital stock will he S2,U00,OO0 OF
which 5000, 200 Will at present be re-
serve fund. Joseph Csppeau the pro-
moter, stated that they mad over $780,
600 more money subscribed than they
could use.
Their property consists of the Ian
yon Bros. Ilnc smelter at LaHarpe
1000 retorts with capacity Oi $4,000
lbs OF spelter every twenty-four hour
The Lanyon Bros. plant at lola 200
fetorts with "a capacity Of 60, 900 lbs of
spelter, the w. ~ j. LanyOn smelter
ut lola 1900 retorts, capacity 900 lbs
g.E lf..p a A.
plant at Pittsburg 900 returts with u
capacity of 10000 pounds of spelter,
and the $4,000 acres OF gas land at lola
cont rolled by the Palmer Oil company
This gives this company control of
the Kansas gas field. 1t probably
means that no gas will be piped out of
the lola field, and that no smelters or
other manufactures W lloperate there
long against the wishes OF the trust,
that in fact they could easily be made
dependent upon the trust for "A supply
OF gas. Ii means the outstanding of
the gas supply
The new company will enlarge the
plants in the gas field, they will also
enlarge their Pittsburg plant, pa ticu-
larry by the construction of immense
coke ovens.
lbll = VIII Itllldlil lIlltTteltu
in the new company W. a. j. Lanyon
and Robert Henry and William will
be directors in the new company,
though their interests will not be
great. 1t Is understood that William
LanyOn lex mayor will remove from
lola to his handsome home in this
city. Robert Henry will move pos
sibly back To Nevada. w. * j. Lam
vii h.a 4 hn %
company, buying all ore aud conduct
ing the plants for one year, doing all
the business except selling the spell.
ter. They Will make IoIa their head.
quarters. VIM LanyOn, Jr OF this
city, book keeper at the w. ~ j.
plant, will remove to lola, possibly
securing the handsome home of RO-
bert II. LanyOn there Edwin V.
here, but will probably be at lola II
good portion of his time.
These arrangements are said TO he
but for one year only. 1t is under
stood that the w and j. people have
agreed not to go into the zinc smelling
business again for one year, while
Robert Henry and William LanyOn
have agreed not to enter the business
again for five years. The transfer
will not occur in Piitsburg until
about March LIST, and the transfer at
lola will be later, as large stocks of
ore are ON hand there. 1t il thought,
however, that all ore on hand will be
weighed in about March 10th, and
turned over Mt the market price to
the new syudicates.
The foregoing are the "facts in the
case" as gathered by the Pittsburg
Headlight.