 The city of Lipscomb was first incorporated on June 30, 1910, and was named for L. Y. Lipscomb, one of three brothers who first settled in the area in 1885.As early as the 1880s, the community was called Wheeling and the town had 200-300 residents by 1906.The community was originally named after Wheeling, West Virginia because the owners of Woodward Iron Company, who employed many of the residents, also had business interests in that state.