In 1900, Iola Portland Cement Company was the largest plant of its kind in the United States. From 1900 to 1903, it was also the single largest employer in Allen County, and so had the honor of naming the factory’s housing settlement in honor of one of its own: S.H. Bassett, an official who worked there. Not much of Bassett remains today, save a few foundations and “shotgun” style houses, which earn their name since it is almost impossible to detect an individual from out of a group.
Source: The Iola Register