Established near a flourishing spring of water and a general store in 1878, the settlement around this site was known as Stampede Springs. The first burial in this cemetery was that of Mary W. Gibson (1824-1879). Trustees of the Stampede Springs School community purchased five acres including this site for a school, church and grayeyard in 1880. A post office opened in 1893, and the town was renamed Shannon, either by the U. S. Postal Service or by local settlers. In 1907 another acre was donated to the cemetery. The population of Shannon was 112 in the mid-1920s. A cemetery association was established in 1949. In 1990 the population was 23. There were 311 graves in the cemetery at the end of the 20th century, with 104 family names represented. (2000)